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. See our updated Privacy Policy here.

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
More View more
Real Time News
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/Nx6AHxZksK
  • Markets Week Ahead: Euro, Dollar, Gold, S&P 500, Earnings, Inflation Check out @RichDvorakFX's latest market recap and preview plus all the weekly forecasts from the @DailyFXTeam at the link below! Link to Analysis - https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/07/25/markets-week-ahead-euro-dollar-gold-sp500-fed-earnings-inflation.html $EURUSD $SPX #Trading
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here: https://t.co/rfwUWJfbz9 https://t.co/xKkBwu951j
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here: https://t.co/yOUVEEqhc5 https://t.co/MYWlQphqtb
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/paOy1oQmn3
  • US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened. Get your stock market forecast from @PeterHanksFX here: https://t.co/CH4WoStHvu
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/otJwnuR7qe
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/s4lZWdJoXV
  • The US Dollar Index traded higher last week, sustaining its broader uptrend. Conflicting technical signals urge caution, but the directional bias remains skewed to the upside. Get your weekly USD technical forecast from @FxWestwater here: https://t.co/jcwhcsUBEN https://t.co/tKrlrRZlZn
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/MGy9OTXpUI
Guest Commentary: Gold & Silver Weekly Outlook 08.27.2012

Guest Commentary: Gold & Silver Weekly Outlook 08.27.2012

Lior Cohen: Commodities Analyst,

During last week gold and silver hiked after they had remained nearly unchanged during the first couple of weeks of August. The renewed expectations that the Fed will issue another stimulus plan in the near future were ignited following the minutes of the FOMC meeting. There were also speculations that the ECB will issue a bond purchase program. In the meantime there were other reports that may have had a modest effect on the bullion market such as the rise in American new home sales during July and the increase in U.S. jobless claims by 4k to 372k.

The video report has an outlook of gold and silver for the main publications and events that may affect precious metals between August 27th and August 31st. Some of these reports include:

Tuesday – U.S Consumer Confidence: The current expectations are that the upcoming index may rise again; this report might affect commodities markets;

Friday – Bernanke's Speech: Following last week's publication of the minutes of the FOMC meeting and the renewed expectations for another FOMC monetary intervention, many will look towards Bernanke's speech that could hint of the Fed's future steps. The title of the speech is "Monetary Policy since the Crisis";

In conclusion, I guess precious metals will continue to trade up but at a lower rate then they did during last week. The effect of the minutes of the FOMC meeting, and the rekindled expectations of another QE program, could have some lingering effects on the bullion market especially if Bernanke will drop a hint in his upcoming speech at Jackson Hole. There are several other reports that could affect precious metals rates to move in different paths: if the U.S housing market – the pending home sales– will continue to dwindle this could positively affect bullion rates; other U.S reports including GDP and factory orders could affect the USD; if China's manufacturing PMI will edge down below the 50 mark, this could adversely affect commodities rates. Finally, if the Euro, Aussie dollar and other exchange rates will rally against the USD, this trend could pull up precious metals.

For further reading: Weekly Outlook Financial Markets for August 27-31

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