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
Bullish
Oil - US Crude
Bearish
Wall Street
Bullish
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
Bearish
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Germany 30 are at opposite extremes with 70.32%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ivQLPokYOs
  • The US Dollar is now trading lower again. After hitting an intraday low around 90.15, the $DXY rebounded to 90.25 but has turned toward again, falling back below 90.20. $USD https://t.co/xyglMBmakL
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: France 40: 0.14% Wall Street: 0.06% US 500: 0.03% Germany 30: 0.02% FTSE 100: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/SbFlX1iTdj
  • #Gold is consolidating slightly higher this week, around $1,850, after the precious metal's failed attempt at breaking above the $1,870 level last week. $XAU $GLD https://t.co/MyeWiBSQZR
  • US 10yr yields have notably tightened, falling from 1.10% yesterday to trade around 1.04% today. Yields still remain elevated in 2021 compared to earlier in the pandemic. $GOVT $IEF $USD https://t.co/uT27KDUkhM
  • Hey traders! Get your Tuesday market update from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/WPk9aapKhs
  • $EURGBP is currently trading around 0.8855, nearing the lows set around 0.8840 last week. A break below this level would mark the pair's lowest level since May. $EUR $GBP https://t.co/QinuctvrVK
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Germany 30 are at opposite extremes with 70.50%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/B4i5VeBnUE
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: 0.50% Gold: -0.17% Oil - US Crude: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/1n9eel9mPM
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.49% 🇬🇧GBP: 0.40% 🇦🇺AUD: 0.35% 🇪🇺EUR: 0.10% 🇯🇵JPY: 0.07% 🇨🇭CHF: 0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/or5TUZZUWN
Guest Commentary: Gold and Silver Daily Outlook 09.19.2012

Guest Commentary: Gold and Silver Daily Outlook 09.19.2012

Lior Cohen, Commodities Analyst, TradingNrg.com,

Bank of Japan announced it will expand its stimulus by 10 trillion yen (roughly $126 billion) to purchase T-bills and JGBs. This news is likely to help ease the concerns around the progress of Japan’s economy. This news may also positively affect commodities. The prices gold and silver continued their slow movements and edged up despite the sharp fall in the prices of other commodities prices such as crude oil or the deprecation of the Euro and other "risk currencies" during Tuesday. Will this detachment of bullion from the rest of the market continue? On today's agenda: Minutes of the last MPC Meeting, U.S. Housing Starts and Building Permits report, Japanese Trade balance and China's flash Manufacturing PMI.

The rise in movement of both bullion rates is recent weeks is also reflected in a modest rise in the in precious metals prices' volatility during the month: the standard deviations of gold and silver (daily percent changes) reached 0.91% and 1.82%, respectively. For silver, this standard deviation is the highest since April; for gold, this was the highest since July.

Guest_Commentary_Gold_and_Silver_Daily_Outlook_09.19.2012_body_Lior_09192012.gif, Guest Commentary: Gold and Silver Daily Outlook 09.19.2012

On Today's Agenda

U.S. Housing Starts: this report was historically correlated with gold– as housing starts decreased, the price of gold tended to rise the next day (even when controlling to the U.S dollar effect); in the previous report, the adjusted annual rate reached 754,000 in July 2012, which was 1.1% below June's rate;

China flash Manufacturing PMI: this survey covers 800 companies in 20 industries in China; according to the HSBC Manufacturing PMI flash report for August 2012 the Manufacturing PMI fell to 47.8, this means the manufacturing conditions are still contracting in China; if this negative index will continue, this may adversely affect commodities rates;

Daily Outlook

The anticipation of the Euro market that Spain will make the next move on the debt issue might be among the factors pulling down the Euro along with the rest of the markets. All awhile the Spain bond auction reveals the long term yields continue to rise. The speculations in Asia around the future move of People Bank of China e to stimulus the economy could keep affecting not only the forex markets but also commodities markets. The effect of the FOMC decision from last week is likely to keep having a lingering effect on the bullion market and keep rates high. The upcoming reports to come out regarding the minutes of the MPC meeting, U.S. housing market (existing home sales and housing starts reports), Japan's trade balance and China's manufacturing PMI could affect their respective currency if the reports will demonstrate a significant change as indicated above.

For further reading:Gold & Silver | Outlook for September 17-21

By Lior Cohen 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