News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Another strong move in the Ether (ETH)/Bitcoin (BTC) spread...#eth #btc #cryptocurrency @DailyFX Prices via @IGcom https://t.co/NvgjDnyWBP
  • Germany to extend lockdown measures until Feb 15th - RTRS
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in NZD/USD are at opposite extremes with 64.12%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/WQr6IZKXO7
  • Heads Up:🇮🇹 Balance of Trade (NOV) due at 09:00 GMT (15min) Previous: €7.565B https://www.dailyfx.com/economic-calendar#2021-01-19
  • 🇭🇰 Unemployment Rate (DEC) Actual: 6.6% Previous: 6.3% https://www.dailyfx.com/economic-calendar#2021-01-19
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Silver: 1.26% Oil - US Crude: 0.72% Gold: 0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/3hAadkah8F
  • The US Dollar may be finding a turning point against ASEAN currencies as smaller fiscal stimulus bets, soft earnings risk and Covid cases translate into some capital flight from equities. Get your market update from @ddubrovskyFX here: https://t.co/F3uz5GHMSd https://t.co/2hBpM2GfQz
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.43% 🇪🇺EUR: 0.27% 🇳🇿NZD: 0.26% 🇨🇭CHF: 0.16% 🇬🇧GBP: 0.06% 🇯🇵JPY: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/FepOfYzUbt
  • Heads Up:🇭🇰 Unemployment Rate (DEC) due at 08:30 GMT (15min) Previous: 6.3% https://www.dailyfx.com/economic-calendar#2021-01-19
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.75% France 40: 0.53% FTSE 100: 0.51% US 500: 0.49% Wall Street: 0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/I7VfQOMWtF
Guest Commentary: Gold & Silver Weekly Outlook for April 9-13

Guest Commentary: Gold & Silver Weekly Outlook for April 9-13

Lior Cohen, Energy Analyst for Trading NRG,

Here is a short overview and an outlook for gold and silver the upcoming week of April 9th to 13th; this includes a short description of the main news items, public speeches, and events that may have affect metals during last week.

First, let’s have a quick overview for the main events of last week: Gold and silver started very strong, but then the minutes of the last FOMC meeting were published. In the minutes it was strongly suggested there is no need for the time being for any further intervention by the Fed (i.e. no additional stimulus plans) until the U.S economy will show additional signs of slowdown. Many commodities reacted the following day and plummeted including gold and silver. The following day gold and silver bounced back a bit as a correction to their fall. By the end of the week The U.S. labor force didn’t rise as many had expected: according to the recent U.S. employment report, the number of non-farm employees rose by 120,000.

As I have already explained in the April gold monthly report, historically, as the non-farm payrolls rose gold tended to decline; this correlation was mostly due to the effect this news had on the USD; the news of the moderate increase in the U.S. labor force during March could affect bullion in two different directions: it could have a positive effect on gold and silver because this slowdown might rekindle the speculation around another stimulus plan to be issued by the Fed. I think it’s still early to consider this figure as a shift in the economic growth of the U.S.

The video of gold and silver above provides a broad outlook for the main news, public speeches and events that may affect gold and silver during the week of April 9th to 13th; the video includes reviewing the main reports, events, decisions and news items that will come out during the upcoming week. Some of these reports and events include:

Monday–U.S. Federal Budget Balance: this upcoming publication will present the changes in the U.S federal balance for March 2012; this report indicates the government debt growth. In the last report regarding February the deficit sharply rose by $231 billion; this report may affect the strength of the US dollar and consequently bullion;

Thursday–American Trade Balance: This monthly report for February 2012 will present the developments in imports and exports of goods and services to and from the U.S, including commodities; The American trade balance report for January 2011 the goods and services deficit increased during the month to $52.6 billion.

Friday–U.S CPI: This monthly report will present the main changes in the core consumer price index during March 2012. According to the U.S Bureau of Labor statistics in February 2012, the core CPI rose by 0.4% (M-o-M) and also increased over the last 12 months by 2.2%;

This weekly outlook on gold and silver was first published on Trading NRG

For further reading:

Weekly Outlook for 9-13 April 2012

Gold and Silver Prices Outlook for April 2012

What Are the Potential Outcomes for Gold Price in 2012?

By: Lior Cohen, M.A. in Economics, Commodities Analyst and Blogger at Trading NRG

Would you like to see more third-party contributors on DailyFX? For questions and comments, please send them to research@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES