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Gold melts down as dollar and yields heat up

Gold melts down as dollar and yields heat up

The rebounding U.S. dollar, rising government bond yields and the still-buoyant stock markets are helping to generate significant headwinds for gold. The shiny metal is priced in U.S. dollars and with the greenback rising, this is the main reason behi…

USD/JPY breaks out as US bond yields extend gains

USD/JPY breaks out as US bond yields extend gains

Just a couple of weeks ago, the dollar was languishing in the doldrums. This was in part due to that disappointing US jobs report which helped to lower expectations for aggressive rate hikes from the Fed and partly because of trade war concerns. Well, …

A market with more questions than answers

A market with more questions than answers

What a very strange week. Last Wednesday the Transports led to the upside while the Dow lagged. You’ll recall the Dow lagged because IBM got clobbered on their earnings report. Also, the BKX along with Goldman Sachs flattened out. Goldman is still movi…

Daily markets morning round-up: E-mini S&P, gold, crude & Treasuries

Daily markets morning round-up: E-mini S&P, gold, crude & Treasuries

E-mini S&P 500 (June)Last week’s close (Friday, April 20): Settled at 2671.50, down 21.50 on Friday and up 14.25 on the week

Crude: Here they come to save the day

Crude: Here they come to save the day

Making collusion great again. The OPEC says that its recent move to cut oil production had nothing to do with greed, but they acted with a “noble goal” of rescuing the global oil market. These comments came from the UAE energy minister Suhail Al Mazrou…

Daily Price Action: E-mini S&P 500

Daily Price Action: E-mini S&P 500

Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500. This is his analysis for Friday, April 20, 2018.

Central Bank comments boost US dollar

Central Bank comments boost US dollar

The euro/U.S. dollar/U.S. dollar currency pair lost 0.34% during the last five days. The single currency is trading at 1.2288 as investors await the ECB to keep rates and quantitive easing unchanged on Thursday, April 26 at 8:30 am. Trade war fears and…