GC=F - Gold Dec 19
| Pre. Settlement | N/A |
| Settlement date | 2019-12-27 |
| Open | 1,456.50 |
| Bid | 1,464.00 |
| Last price | 1,453.70 |
| Day's range | 1,456.40 - 1,467.90 |
| Volume | 335,980 |
| Ask | 1,464.40 |
- FX Empire
Natural Gas Price Forecast – Natural Gas Testing Major Technical Level
Natural gas markets have gone back and forth during the trading session on Wednesday, hovering just above a major moving average as we essentially tread water while temperatures in the United States plummet.
- FX Empire
GBP/JPY Price Forecast – British Pound Pulls Back Against Japanese Yen
The British pound has pulled back significantly during the trading session on Wednesday, reaching towards the bottom of the overall consolidation area that we have been in.
- Investing.com
Gold Continues Upward in Mid-$1400s on New Trade-War Uncertainty
Investing.com – For a second day in a row, there’s less-than-comforting news about a U.S.-China trade deal and gold is soaring once again from a push higher by those long the yellow metal and awaiting such somber news.
- Investing.com
Oil Rises Defying Record U.S. Crude Production
Investing.com – Clinging to the rosy economic thesis of the Fed and OPEC’s about-turn that it suddenly saw no recession ahead, oil bulls pushed crude prices higher on Wednesday even as U.S. production is expected to hit a new record this month.
- Coindesk
ASX-Listed DigitalX Seeds New Fund With Half Its Bitcoin Holdings
The first ever cryptocurrency firm to be listed on a major stock exchange has launched a new bitcoin fund.
- FX Empire
Crude Oil Price Fundamental Daily Forecast – Pressured by Worries Over Global Economy, Energy Demand
Crude oil inventories were forecast to have risen for a third straight week last week, while refined products inventories likely declined, a preliminary Reuters poll showed on Tuesday.
- FX Empire
Asian Stocks, Currencies Lower as Trump Reminds Markets of Tariff Threats
Asian stocks are trading lower, despite their US counterparts tantalisingly close to setting new record highs, as investors continue sieving through potential signals from the noise surrounding the highly anticipated US-China trade deal.
- FX Empire
USD/JPY Complex Correction Forms Bull Flag Pattern
The USD/JPY is building a bull flag chart pattern, which is indicating an uptrend continuation with a target at the round 100 level.
- Investing.com
Oil Prices Lower on Concerns Over Trade, Demand Outlook
Investing.com - Oil prices were lower on Wednesday as renewed concerns over prospects for a U.S.-China trade deal weighed on the outlook for the global economy and energy demand.
- FX Empire
Long On Optimism Short On Concession
The market remains long on optimism and short on the critical trade concessions but overall no worse for the wear as investors go through their daily ritual of RoRo (risk-on -risk-off)
- FX Empire
USD/JPY Forex Technical Analysis – Upside Momentum Targets 109.371, Downside Momentum Targets 108.690
With the USD/JPY trading between retracement levels, the next move will be determined by short-term momentum. Fundamentally, this Forex pair isn’t likely to move much until Treasury yields move. Wednesday’s U.S. consumer inflation report and testimony from Federal Reserve Chairman Powell could move yields.
- FX Empire
NZD/USD Forex Technical Analysis – Surprise RBNZ Rate Decision Triggers Huge Short-Covering Rally
Based on the early price action in reaction to the RBNZ decision, the direction of the NZD/USD the rest of the session on Wednesday is likely to be determined by trader reaction to the intermediate 50% level at .6396.
- Investing.com
Gold Prices Gain; Trade Progress, Hong Kong Unrest in Focus
Investing.com - Gold prices gained on Wednesday in Asia as traders digested the latest trade news.
- Coindesk
Bakkt in Discussions to Offer Cash-Settled Bitcoin Futures in Singapore
Bakkt aims to offer cash-settled bitcoin futures before 2020 to complement its physically settled contracts.
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Vulnerable to Steep Sell-off Under 27495 Gann Angle
Based on the price action late in the session and the current price at 27639, the direction of the December E-mini Dow Jones Industrial Average futures contract into the close is likely to be determined by trader reaction to Monday’s close at 27658.
- Oilprice.com
The One Factor Driving Today’s Oil Markets
The trade war appears to be the only variable that will impact the price of oil in today’s market, which means all eyes will be on Trump’s upcoming speech in New York
- FX Empire
Silver Price Forecast – Silver Markets Testing 200 day EMA
Silver markets initially tried to rally during the trading session on Tuesday but found enough resistance to turn around and fall towards the 200 day EMA, a very important level.
- FX Empire
Crude Oil Price Forecast – Crude Oil Markets Continue To Consolidate
Crude oil markets did very little in the way of action during the trading session on Tuesday, as they continue to consolidate in the middle of the larger rectangle that they are both in.
- FX Empire
Gold Price Forecast – Gold Markets Find Support
Gold markets pulled back a bit during the trading session on Tuesday to test the $1450 level for support. So far, it has in fact found support there, but if it gives that level up it’s likely that the 200 day EMA will be next.
- Coindesk
Investment App Abra Expands US Offerings With 60 New Cryptos
Mobile crypto wallet and investment app Abra is adding a host of new coins and doubling its U.S. bank deposit limits for U.S. customers.
- FX Empire
GBP/USD Bullish Reversal Completes Bearish Wave C Pattern
The GBP/USD made a strong bullish bounce at the 144 ema close, which could indicate the completion of a bearish ABC (orange) correction and a potential restart of the uptrend.
- Bloomberg
Gold’s Just Not That Appealing to Young Chinese Luxury Shoppers
(Bloomberg) -- China’s Generation Z may be willing to spend more on luxury goods, but they’re not as keen on gold as their older compatriots.That’s according to survey by the World Gold Council, which showed just 12% of those aged 18 to 22 intend to buy gold jewelry in the coming year, much less than the millennial generation and people over 39. Their emotional connection with gold jewelry also “seems particularly weak” compared with other countries, the council said.The changing tastes among China’s young adults may signal a warning for the gold industry, which counts China as its biggest buyer. There are already signs that global gold demand has recently been driven more by exchange-traded fund investors than jewelry purchases.“It is undoubtedly a challenge for China’s jewelry industry to engage with the younger generation,” said Alistair Hewitt, director of market intelligence at the council. China’s young consumers may be distancing themselves from gold because it has long been associated with older generations, though their views may change as they grow older, he said.The difference in gold tastes between different generations in No. 2 buyer India isn’t as pronounced as in China. Gold jewelry attitudes are also more consistent among different age groups in the U.S., the survey showed.One bright spot for gold is its reputation as a store of value. While young adults want quick returns and are eager to take risks through investments like cryptocurrencies, they generally trust gold as way of preserving wealth over the longer term, the council said. The metal remains the third-most popular investment globally, behind savings accounts and life insurance.Even so, there are big differences in consumer appetite for gold around the world, with interest in China and India much stronger than countries like Germany or Canada, the survey showed. The survey questioned 18,000 consumers across six countries.To contact the reporter on this story: Elena Mazneva in London at emazneva@bloomberg.netTo contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Nicholas Larkin, Dylan GriffithsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- FX Empire
Gold Price Futures (GC) Technical Analysis – Plenty of Room to Downside, but Also Ripe for Reversal Bottom
The direction of the December Comex gold futures contract on Tuesday is likely to be determined by trader reaction to Monday’s close at $1457.10.
- Investing.com
Stocks - U.S. Futures Edge Higher as Trump Trade Speech Awaited
Investing.com - U.S. futures were slightly higher on Tuesday as investors waited for a keynote speech from U.S. President Donald Trump that's likely to include comments on trade policy with regard to both China and Europe.
- Investing.com
Gold Prices Fall, Near 3-Month Low
Investing.com - Gold prices fell on Tuesday in Asia and is now near a 3-month low.
