|Day's range||1,284.30 - 1,290.80|
Investing.com – Bitcoin fell on Tuesday as traders appeared to take profit on an early session rally which saw the digital currency trade close to all-time highs.
Investing.com – Gold prices fell on Tuesday following a sharp rise in the dollar on better-than-expected economic data and growing speculation that the next head of the Federal Reserve will favour a more aggressive stance on monetary policy.
Stronger than expected import prices buoyed the dollar paving the way for lower gold prices on Tuesday. Prices were able to hold support near the 10-day moving average near 1,286, with additional support seen near the 100-day moving average at 1,275. Positive momentum is decelerating as the MACD (moving average convergence divergence) histogram is edging … Continue reading Gold Price Prediction for October 18, 2017
Investing.com – Industrial and manufacturing production in the U.S. rose in line with expectations in September, rebounding from a previous decline supporting optimism over the health of the economy, official data showed on Tuesday.
Investing.com - U.S. natural gas futures bounced back from the prior session's losses on Tuesday, as hopes for higher heating demand this winter than in the past two winters provided support.
Precious metals could be just the right thing to put a shine in your portfolio. Some people remain skeptical of the economy, and precious metals are one of the best safe havens to protect investors from a market downturn. "The stock market is at all-time highs, and there is a feeling that it won't last," says Charles Thorngren, CEO of Noble Gold Investments, based in Pasadena, California.
The German index gapped higher at the open on Monday, clearing the €13,000 level again. However, we have fallen a bit towards the end of the day, testing an uptrend line on the hourly chart. We are below the €13,000 level as well, so that also is a somewhat negative sign. The 24 hour exponential … Continue reading DAX Index Price Forecast October 17, 2017, Technical Analysis
As we had mentioned in our forecast yesterday, the bitcoin prices have been consolidating over the last 24 hours with the $5800 region being the highs of the range so far. The bitcoin market seems to have got back to its usual routine of a bullish leg followed by some time of consolidation and then … Continue reading Bitcoin and Ethereum Price Forecast – BTC and ETH Prices Consolidate
Investing.com – Gold prices held above $1300 on Monday shrugging off an uptick in the dollar and treasury yields as safe-haven demand remained steady amid ongoing geopolitical uncertainty and concerns over the pace of U.S. interest rate hikes.
The Santiago, Chile-based company said it had a loss of less than 1 cent on a per-share basis. The gold mining company posted revenue of $12 million in the period. In the final minutes of trading on Monday, ...
Gold prices reversed course on Monday as the dollar gained traction, following a stronger than expected Empire Manufacturing headline which hit an 8-year high. Support is seen near the 10-day moving average at 1,284, and then the 100-day moving average at 1,275. Momentum has recently turned positive as the MACD (moving average convergence divergence) index … Continue reading Gold Price Prediction for October 17, 2017
During the FOMC (Federal Open Market Committee) meeting in September, many officials showed interest in another rate hike in 2017—and more in 2018.
Investing.com - Gold prices started the week on an upbeat note on Monday, supported by safe-haven demand as conflict between Iraqi and Kurdish forces broke out near the oil-rich city of Kirkuk.
Investing.com - Crude prices started the week on an upbeat note on Monday, following reports that Iraqi troops clashed with Kurdish forces near Kirkuk, raising concern over potential output disruptions in the region.
U.S. West Texas Intermediate and international-benchmark Brent crude oil surged early Monday after Iraqi army units advanced toward Kirkuk, a major oil city that is populated by the country’s Kurdish people and which recently declared independence. At 0439 GMT, December WTI crude oil is trading $52.15, up $0.42 or +0.81%. Internationally-favored January Brent crude oil … Continue reading Oil Price Fundamental Daily Forecast – Prices Jump on Iraqi Military Action, Fear of New Sanctions Against Iran
The bitcoin prices have been correcting and consolidating over the weekend which is what can be said of the prices when it is in a $400 range. These kinds of ranges are quite common in the bitcoin market and that is what makes this instrument an attractive proposition for day traders and speculators as well. … Continue reading Bitcoin and Ethereum Price Forecast – Bitcoin Stable, ETH Awaits Fork
Whilst Bitcoin is making all the headlines as it hits the new all-time high of $5800, gold is quietly retrenching and striking out for higher levels itself. The latest daily chart shows a strong rally from the $1,270 level last week and a rise above the 21-day EMA. This marker is known to be a high … Continue reading Gold Strikes Out for Higher Ground
The US Dollar closed the previous weak lower on a weaker than expected consumer inflation report on Friday and the released minutes of the Fed on Wednesday. Currently, investors had priced in a roughly 83 percent probability of a rate increase in December. In the week ahead, investors will closely watch: China CPI on Monday at 2:30 GMT RBA Minutes … Continue reading Weekly Forex Technical Analysis, Oct 16 – Oct 20, 2017
The U.S. Dollar recovered against a basket of currencies late in the session on Friday after a weaker than expected consumer inflation report drove prices lower. The muted inflation numbers drove down U.S. Treasury yields which made the U.S. Dollar a less-attractive investment. It also added to concerns about the Fed’s ability to raise interest … Continue reading Gold Rallies after Muted U.S. Inflation Data Drives Treasury Yields Lower
Gold prices settled above $1,300 an ounce on Friday, lifting their weekly gain to 2.3%. Prices got a boost as a reading on U.S. inflation came in cooler than expected, raising uncertainty about the pace ...
Investing.com - Crude oil prices remained supported on Friday, climbing to two-week highs following news of a third weekly decline in U.S. crude stockpiles, strong import data from China and recent signals the market is tightening.
Investing.com - Gold prices moved higher on Friday, as sentiment on the greenback remained vulnerable ahead of highly-anticipated data on U.S. inflation due later in the day.