The gold futures contract lost 0.58% on Monday, as it retraced some of its last week’s advance. The price has been breaking above $1,750 mark recently. But it came back closer to $1,700 yesterday. Last Wednesday’s FOMC Statement came out as ...
Paul Rejczak
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June 16, 2020
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The markets went risk-on last week following better-than-expected economic data releases, as China virus fears eased. This week we will have a lot of Fed talk and another pretty important set of economic data releases. Let’s take a look at the details. The w...
Paul Rejczak
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February 10, 2020
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We’ve got another series of bad economic data releases last week following global economic lockdown. But will we get a meaningful downward correction after over-month-long rallying in stocks? This week the markets will await another Fed Chair Powell speech al...
Paul Rejczak
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May 19, 2020
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The gold futures contract gained 0.54% on Tuesday, as it retraced most of its Monday’s decline of 0.58%. The price has been breaking above $1,750 mark recently. But it came back closer to $1,700 on Monday. Last Wednesday’s FOMC Statement cam...
Paul Rejczak
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June 17, 2020
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Retail sales came in really strong in May, which could strengthen risk appetite, but the dovish Fed should support gold. However, the sales were still 6 percent lower than a year ago, which means that the coronavirus crisis has not ended yet. But such reports may, neve...
Arkadiusz Sieron
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June 18, 2020
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Last week the markets took some breather following the late October - early November huge economic data announcements. The ISM Non-Manufacturing PMI led to some volatility but despite the sell-off in gold it was a relatively quiet week on the financial markets. What about the ...
Paul Rejczak
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November 12, 2019
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With yesterday's hefty gains taken off the table, and a new profitable position that has them secured already, will the S&P 500 let me add to the tally some more still today? Given yesterday's Powell-testimony-induced wild swings and preceding strong retail sales data, it's no...
Monica Kingsley
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June 17, 2020
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After a slight hesitation in yesterday's premarket, the S&P 500 hasn't much looked back since. And importantly, the credit markets – my biggest concern – had finally caught a bid. Their own reversal was less pronounced, making one question the corporate bond bulls' resolve rig...
Monica Kingsley
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July 2, 2020
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The gold futures contract gained 0.39% on Monday, as it extended its short-term uptrend again. The market has retraced more of last week’s Tuesday’s decline following bouncing off $1,550 support level . Overall, gold continues to trade within...
Paul Rejczak
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February 11, 2020
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The gold futures contract lost 0.60% on Tuesday, as it retraced some of its week-long advance from last Wednesday’s local low of $1,551.10. Investors reacted to the Fed’ Jerome Powell ’s Testimony yesterday. The market continu...
Paul Rejczak
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February 12, 2020
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