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Showing posts from April, 2019

Most financial market holidays on the occasion of Good Friday

During Friday's trading markets and investors in the currency market Forex will be on a date with quiet transactions during the holidays of most financial markets on the occasion of Good Friday and the reluctance of investors on the market in these holidays. The economic calendar today will only announce building permits and US housing starts. This is in addition to the developments of negotiations to resolve the trade dispute between the United States and China and the future of the Brixet after postponement of its date until the end of October.
To monitor the results of these important data continued economic calendar characteristic of the site of the link: economic calendar
In the following lines we will review together the most important trading opportunities for the sale or purchase of the most important pairs of currencies and gold, which may occur during trading today based on the expected events and economic data:
The most important levels of purchase: EUR / USD buying f…

Russia is paying money from a sovereign fund of oil companies to lower domestic fuel prices

MOSCOW (Reuters) - Russia expects to pay oil companies about 210 billion rubles ($ 3.3 billion) in funds from its national wealth fund this year as part of an agreement to keep gasoline and diesel prices low, a senior Finance Ministry official said on Friday.
The government and oil companies agreed last year to cut wholesale prices for domestic fuel as a temporary measure to curb gasoline and diesel costs.
Under the agreement, which went into effect on November 1 and continues until June 30, oil companies were allowed only to slowly increase gasoline and diesel costs, which began to rise due to rising world oil prices.
Russia is part of a global deal to cut oil production to boost crude prices, a key source of state revenue, but that has a negative impact at home as gasoline costs rise, a key factor affecting inflation.
Alexei Sazanov, head of the Finance Ministry's tax department, told reporters that in February alone the state paid 20-30 billion rubles to oil companies to keep …

Central Bank: Russia's gold reserves of 69.7 million ounces in the first of April

Russia's gold reserves stood at 69.7 million ounces at the beginning of April, the central bank said on Friday.
The bank said in a statement on its website that the value of holdings of precious metal amounted to 90.01 billion dollars.

The Euro is down to 1.1225 against the Dollar

Basic analysis
The Euro fell to 1.1225, its lowest level this week, as the latest indicator of purchasing managers confirmed that the slowdown in economic growth extended until the second quarter, which supports the ECB's stimulus situation. The German PMI came in below market expectations and remained in the contraction zone at 44.5. EU PMI Markit also remained below analysts' expectations but in the expansion area at 51.3. US data on the single currency pushed for a new bearish move, with retail sales far better than market expectations. The US also issued unemployment claims with a new decline in nearly five decades. Sentiment has turned bearish again, and traders will now look to retest the April low at 1.1185. Furthermore, we expect a very quiet day due to the closure of most major markets on Good Friday.
Technical Analysis
The EUR broke below an important bullish trend and multiple support levels until some support was found at 1.1225. Market sentiment has turned bearis…

No end in sight for the suffering of the euro area

In stark contrast to optimistic US data and a better picture in China as well, the euro zone indicators were disappointing on Thursday, fueling fears of a long-term slowdown or even a recession in the bloc. Initial PMI readings for April showed that the manufacturing sector in the euro zone is still contracting, while service activity has fallen more than expected.
The euro fell after the data and was further pressured by the strength of the dollar, pushing the EUR / USD pair to a 10-day low of 1.1224. With most European markets closed today and Monday to celebrate the Easter holiday and a few upcoming releases next week, the euro is likely to find it difficult to find any supportive factors in the coming days.
The pound was also weak on Thursday even though the UK retail sales figures were very strong and the recent British general data were relatively strong. The British pound was unable to overcome the strength of the dollar amid continued uncertainty over Britain's exit from …

Gold loses about one percent

Gold prices continued to stabilize near four-week lows as the dollar regained its recovery on positive economic figures from retail sales and the US labor market.
Gold lost about 1 percent of its value this week as risk appetite and dollar gains overshadowed investors' sentiment and undermined precious metal gains after weak European data fueled concern about high growth.
Inflation in Japan rose slightly in March but is still far from the Bank of Japan's target levels to abandon soft fiscal policy.
The CPI rose 0.8 percent in March as the Japanese central bank struggled to shore up prices in the aftermath of the US-China trade war, which badly hurt Japan's exports and made the bank's job more difficult.

The Australian and New Zealand dollars are also falling

The Australian and New Zealand dollars were also affected by the dollar's strength. It was difficult to return the Australian dollar to exceed the level of 0.72, which was surpassed briefly after reading the positive GDP in China, as the currency seemed more comfortable near the level of 0.7150. Australian currency traders are now turning to quarterly inflation numbers next week, which could determine whether the Reserve Bank of Australia will cut interest rates in the near future.
The Canadian dollar may have been the exception because its losses were more contained. The Canadian Dollar was supported by better-than-expected retail sales figures, as earlier CPI figures indicated a rise in core inflation measures in Canada. However, the Canadian dollar remained stuck in a tight range and the USD / CAD pair last traded near the 1.3370 level as traders wait for the Bank of Canada meeting next week for further guidance.
In commodities, US Treasuries rose at four-month lows at $ 1270.…

Gold futures rose during the European session

Gold futures rose during the European session on Friday.
According to COMEX of the New York Mercantile Exchange, gold futures traded in June at USD1277.90 per ounce at the time of writing, up 0.01%.
It was pre-traded at a session high of USD1277.90 an ounce. Gold may find support points at USD1270.10 and resistance at USD1287.30.
The Dollar Index, which measures the performance of the greenback against a basket of six other major currencies, rose 0.49% to trade at USD97.132.
At the same time on COMEX, silver for May rose 0.17% to trade at USD14.965 an ounce, while the price of copper for May rose 0.22% to trade at USD2.918 per pound.

Gold prices fell for the seventh day in a row and reached their lowest level this year XAU / USD

Gold Prices News
The reasons for the decline in gold prices for the seventh day in a row Gold prices fall below 1,275 and reach the lowest levels this year What is the direction of the price of gold in the coming days? Gold price analysis on the weekly and daily XAU / USD charts The reasons for the decline in gold prices for the seventh day in a row The series of sharp declines on gold prices continue as the USD strengthened in recent days. The sudden rise in US equity prices since the end of last year, and the six-month highs this week, have also reduced traders' fears and turned many into larger and more risky markets. This increased demand by traders has led to a fall in gold prices for the fourth week in a row as a result of the large selling of gold prices.
Gold prices fall below 1,275 and reach the lowest levels this year Gold prices have fallen 3% since closing last month at $ 1,314, reaching $ 1,273, the lowest level in nearly four months. As we see on the weekly chart be…

Gold futures rallied during the US session

Gold futures rallied during the US session on Thursday.
According to COMEX of the New York Mercantile Exchange, gold futures traded in June at USD1276.55 per ounce at the time of writing, up 0.02%.
It was pre-traded at a high of USD1279.65 an ounce. Gold may find support points at USD1272.20 and resistance at USD1293.40.
The Dollar Index, which measures the performance of the greenback versus a basket of six other major currencies, rose 0.49% to trade at USD97.130.
At the same time on COMEX, silver for May rose 0.09% to trade at USD14.953 per ounce while May copper fell 1.60% to trade at USD2.920 per pound.

Alttekwin rise for the second day in a row amid expectations of the continuation of the bullish market

The "digital" currency rose on Wednesday to continue its gains for the second day in a row after the world's largest currency was able to hold above the $ 5,000 barrier amid expectations that the market will continue to dominate, with news supporting the positive atmosphere dominating the market. At present.


On the Bettstamp stock exchange, by 06:05 GMT, the greenback is trading around $ 5,222, up $ 21, or 0.4%, with an opening price of $ 5,201 and a high of $ 5,275 and a low of $ 5,185.


"Bettkin" yesterday achieved a 3.5% gain in the second gain over the last three days, supporting the psychological barrier level at $ 5,000 per unit formation.


The market value of digital currencies on Wednesday rose by more than $ 1 billion to $ 178 billion, with most of the major currency prices on the market climbing.


The world's largest digital currency continued its rally for a second straight day on Wednesday after successfully holding above the $ 5,000 barrier in a …

Silver is trying to recover from a 4-month low after strong Chinese data

The price of silver on the European market rose on Wednesday in the first gain in three days, as attempts to recover from the lowest level in four months, support the rise of copper after strong Chinese data, and the decline of the US dollar against a basket of currencies.


Silver prices rose 0.8% to $ 15.09 an ounce from the opening level of $ 14.97 and the lowest at $ 14.97.


Silver ended yesterday's trading flat with little change after recording a four-month low of $ 14.84 an ounce the day before.


Copper prices rose more than 1 percent on Wednesday, the highest level in two weeks, leading to the rise of most of the prices of industrial metals, after strong economic data in China, "the largest consumer of metals and commodities in the world."


China's industrial output jumped to 8.5% in March, its highest growth since July 2014, according to the data.


The dollar index fell by 0.25%, reversing the decline of the US currency against a basket of global currencies, whic…

The Canadian dollar rose for a second day ahead of Canada's key inflation data

LONDON (Reuters) - The Canadian dollar rose on Wednesday against a basket of global currencies, extending for a second straight day against its US counterpart, ahead of key data from Canada on March's key inflation levels, providing fresh evidence of Canadian interest rate hikes During this year.


By 11:59 GMT, the pair was trading around $ 1.3335 from the opening price of $ 1.3349 after recording a high of $ 1.3372 and a low of $ 1.3308.


The Canadian dollar ended yesterday's trading up by more than 0.1% against the US dollar, the second gain in the past three days, supported by high oil prices in the global market.


The dollar index fell by 0.25% on Wednesday, reflecting a decline in the US currency against a basket of major and minor currencies, as demand for the US currency fell as the best alternative investment.


The Reserve Bank of Canada kept steady interest rates unchanged at 1.75% at the March 6 meeting in line with most expectations and reduced its conviction that inte…

Gold Where to? The most important gold outlook today!

Gold Analysis: Price Trend: We expect the downside movement today
Expected key support levels: 1275 // 1269 // 1261 Major resistance levels expected: 1284 // 1291 // 1298
Analysis: Gold traded within 50 pips with a neutral direction which opened at 1276 and closed at 1276.36 and reached the highest price at 1279.95 and the lowest price at 1274.53, therefore our expectations come as follows:
- Break support levels 1275 Prices are suggested to target next support near 1269 then 1261 respectively.
- Break through the resistance levels 1284 Prices are suggested to target the next resistance near 1291 and then 1298, respectively.

The Euro received support earlier in the trading session yesterday

The euro failed to hold long gains against the dollar around 1.13 levels to drop at the end of trading yesterday as the dollar recovered against a basket of currencies.
The euro gained support earlier in the day than the German business confidence index rose this month at a pace that exceeded expectations, but the single currency ignored the figures as the dollar recovered.
The euro is hovering around 1.1280 against the dollar as more numbers and corporate disclosures await its quarterly results in the first quarter, boosting risk appetite and supporting the single currency slightly.
The Euro received support earlier in the trading session yesterday

Gold Prices Rise With Dollar Decline

Gold prices rose Wednesday as the dollar fell, but the metal remained near a four-month low after better-than-expected Chinese data boosted the Asian stock and boosted risk appetite. Spot gold rose by 0.2% to $ 1278.50 an ounce, after dropping as low as 1.2% in the previous session to $ 1272.70 an ounce, the lowest level since Dec. 27. Gold futures rose 0.3 percent to $ 1281.20 an ounce. On other precious metals, silver rose 0.7% to $ 15.08 an ounce. Platinum rose 1.3% to $ 887.50 an ounce, while palladium climbed 1% to $ 1363.45 an ounce.

The Euro is rising above the 1.1300 level against the US Dollar

EUR / USD - The pair rose above 1.1300 at the opening and tried to extend gains, but was unable to do so. By the end of the session, it had retreated to the opening level, but remained above the 1.1300 level, which may be a bullish sign.
GBP / JPY - With the BRIXT extended last week, the pair has been rising, gaining gains for four straight sessions. On Monday, the pair rallied modestly at the opening, trading near 147.00 intraday before retreating from the resistance it faced there. There is a good chance that the pair will test this level once again and if it manages to breach it, the next resistance level is at 148.25.

The Euro is settling down around the 1.1280 level against the USD

Although the ZEW's German investor sentiment was more positive than expected, the EUR / USD failed to get stronger momentum to complete the pair's recent bullish correction, which did not exceed the 1.1323 resistance level before settling down around 1.1280 at the time of writing the analysis . As we mentioned before, we now confirm that the stability of the pair below the psychological support level of 1.1300 will continue to support the bearish direction of the pair. The pair is currently awaiting the release of US industrial production data.
Inflation figures in the United States showed an improvement in March. Where the CPI rose to 0.4%, its highest since January 2018. The PPI also looked strong, rising 0.6%, the highest level in 5 months. Overall, US inflation is still well below the Fed's 2.0 percent target, but stronger inflation figures will boost the desire of some Fed officials who prefer to raise interest rates in 2019 if economic prospects improve. The minutes…

The US dollar is falling after Trump's aggressive speech, against the background of risk

The dollar fell slightly in early European trade on Monday, as risk assets around the world took advantage of last week's events, which included an encouraging start to the US earnings season, as well as further signs that the Chinese economy is recovering.
At 04:00 EST (0800 GMT), the euro rose 0.1% from late Friday in Europe at $ 1.1315, while the pound also rose by $ 1.3085 but still hampered by the ongoing political stalemate around Britain's exit from the European Union.
The Dollar Index, which measures the greenback against a basket of six major currencies, was trading at 96.480, down 0.1%
The dollar was attacked again from the White House over the weekend as President Donald Trump renewed his attacks on the Fed via Twitter, blaming it for slowing growth and cutting stock prices through tightening monetary policy.
Trump's repeated attacks on the Fed are in stark contrast to the agreement to allow him to carry out monetary policy without political pressure, making it…

Gold prices deepen losses globally to lose $ 14

Gold prices extended losses on Tuesday, losing $ 14 a barrel as stocks and economic data rose.
The yellow metal was under pressure as US stocks rallied strongly on the back of strong business results.
Economic data showed that US industrial production fell in line with analyst expectations last month, while US home builders' confidence rose to a six-month high.
The gold losses come with optimism about the trade situation between the two largest economies in the world, where the US Treasury Secretary said negotiations between Washington and Beijing have made further progress.
By 2:20 pm GMT, the price of gold futures for June delivery fell 1.1 percent to $ 1277.30 an ounce, after hitting $ 1275.90 earlier in trading, the lowest level since late December.
The spot price of yellow metal fell 1% at $ 1274.85 an ounce, losing $ 13.37.
During that period, the major dollar index, which measures the performance of the currency against six major currencies, stabilized at 96.973.

Gold prices are down as economic data and risk aversion dampened

Gold prices fell on Tuesday as positive economic data and US earnings boosted risk sentiment, reducing demand for the precious metal.
At 9:02 am EDT (13:02 GMT), gold futures for June delivery on the COMEX index on the New York Mercantile Exchange fell 9.45 dollars, or 0.7%, to $ 1.281.85 an ounce.
China saw housing prices rise in March at the fastest pace since April 2017, easing concerns about a slowdown in the world's second-largest economy - as well as better-than-expected export and credit figures released last week.
German economic sentiment from ZEW surpassed earlier expectations in April, reflecting less gloomy outlook for the Eurozone economy engine.
Concerns about the global economic slowdown, especially in China and Europe, are fueling a safe haven for gold.
The bullish quarterly reports from Bank of America (NYSE: BAC), United Health (NYSE: UNH) and Johnson & Johnson (NYSE: JNJ) boosted risk sentiment on Tuesday at the expense of the yellow metal as investors took…

Gold falls 1% to its lowest level in 2019 with the rally of stocks and the dollar

Gold fell 1 percent on Tuesday to its lowest level this year as a strong economic data boost boosted demand for high-risk assets such as equities, while US dollar gains also weighed on the precious metal.
By 1419 GMT, the spot price of gold was down more than 1 percent to $ 1274.41 an ounce, having earlier dropped to its lowest level since Dec. 27 at $ 1272.87.
US gold futures lost more than 1 percent to $ 1277.30.
"We are likely to see more pressure on gold in the next couple of days, especially with corporate results that will keep the stock market strong," said Bob Haberkorn, chief market strategist at RJO Futures. "Gold is also under pressure from strong Chinese data and job reports A better-than-expected US dollar last week.
On other precious metals, silver fell 0.4 percent to $ 14.94 an ounce, after hitting $ 14.81, its lowest price since December 26, in the previous session.
Platinum fell 0.6 percent on spot trade to $ 879.70 an ounce, while palladium rose alone…

Gold prices continue to fall below $ 1290

Basic analysis
The optimism around the global stock markets seems to be well accepted by traders so far. Along with trade and credit data from China, kept the positive start of the US earnings season led by JPMorgan and Wells Fargo on risk appetite on Friday. Therefore, gold prices fell to the lowest point since April and are trading in today's early session below 1290. US 10-year Treasury yields remained unchanged at 2.56%, near a four-week high. Despite rising risk sentiment, the International Monetary Fund (IMF) continues to highlight the risks of lower growth on the global economy.
Technical Analysis
As expected, gold prices continued to fall below $ 1290. The momentum has dropped dramatically as the price currently trades above $ 1287. The yellow metal still has more room to enter the oversold area, so we will focus on the support level of $ 1282.19.

Support: 1285.35 / 1282.19 Resistance: 1288.35 / 1291.35

Gold against the Dollar testing support line at 1290 level

Gold is testing the USD support line at the 1290 level and has not been able to break it clearly, and is now on its way to correcting its course and heading up again. The price may show some downside attempts to re-test the support line at 1290, noting that breaching the mentioned level 1290 will prevent the suggested bullish trend and push the price back down again and test the support line at 1280

Falling gold is likely for the coming period

Gold and Dow Jones industrial average and oil outlook for the next period amid major fluctuations over the past two weeks and news of inflation in major economies this week and the most important growth rates in China indicating a decline may be caused by continued trade war to now continued video analysis details and the most important news.

XM is attending the 2019 Commercial Invest Fair in Stuttgart

In April, XM attended for the sixth time the financial exhibitions held in Germany, the latest of which was Invest for 2019 in Stuttgart.
The Invest Financial & Investment Fair, one of the leading financial events across Europe, was held at Messe Stuttgart on 5-6 April and attracted hundreds of exhibitors and exhibitors.
XM participated in the two-day event to connect with many existing customers and event visitors who want to know more about the benefits of XM's advanced trading environment, as well as the convenient approach we provide to all those who choose to trade in our company.
Just like every year, thanks to Invest's rich investment conference program, the events provided excellent opportunities to connect with visitors and exhibitors, as well as useful information for retailers who want to see the latest market news. On the 5th and 6th of April, keynote speakers at XM, Gilles Baz, Samy Boyardan and Markus Jable, all interested in an open joint presentation on th…

Gold lost more than one percent during trading yesterday

Gold recovered some of its losses during the morning trading, taking advantage of the decline of the dollar to recover from the largest daily decline in about two weeks recorded during Thursday
Where gold lost more than 1 percent during yesterday's trading as the dollar recovered on strong data from the US economy showed the decline in unemployment benefits to the lowest levels in nearly 50 years, in addition to the rise in producer prices at the fastest pace in five months.
Gold is heading towards a record for its first weekly gain in three weeks, adding about 0.2 percent of gains as central banks move to less hawkish monetary policy.
Gold is likely to retest the psychological level around $ 1,300 at the end of the week, with some US figures being released later in the day.

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How to trade on gold and euro-dollar pair in the coming period?

We will review in this analysis a quick look at the euro-dollar pair and the yellow gold metal.
Gold is still trading within the bearish triangle on the daily basis. The yellow metal rose from the 1290 level to reach 1310 levels before falling back yesterday to 1290 levels. The outlook for gold remains neutral so far, waiting to breach 1280 support levels to enter into a sell-off targeting 1240 as a first target, then 1218 as a second target. The EURUSD started forming a bullish trend on the 4-hour timeframe, where the pair rose from 1.1185 levels at the beginning of the month of April and started to take the upside move as a higher lows as shown in the accompanying chart. The pair is now testing the 1.1325 resistance levels Breaching it will open up the pair to achieve further upside targeting the next resistance levels near the levels of 1.1350 and then to the levels of 1.1400. Confirm with breaching 1.1325 resistance levels, and close above it on the four hour time frame. How to m…

The Euro is rising in a surprise move driven by flows linked to Japan

The euro rose on Friday in a move that traders said may be driven by an expected demand for the single currency stemming from plans by a Japanese bank to buy multi-billion dollar German aviation business.
The single currency recorded a jump in late Asian trading on Friday, which saw the euro rise to its highest level in two and a half weeks.
The euro rose 0.35 percent to $ 1.1289 after touching $ 1.1294, its highest level since March 26. The single currency also rose around 0.4 percent to 126.23 yen, its strongest level since March 21.
Traders said speculators were buying the euro in response to reports that Japan's Mitsubishi UFJ plans to buy aviation finance activity at Deutsche Bank AG.
The dollar index, which tracks the performance of the greenback versus a basket of rival currencies, fell on pressure from the euro's rise of 0.2 percent to 96.991, shedding most of the gains made in the previous session.
With the dollar down broadly, sterling rose 0.2 percent to $ 1.3078, …

The Euro is rising in a surprise move driven by flows linked to Japan

The euro rose on Friday in a move that traders said may be driven by an expected demand for the single currency stemming from plans by a Japanese bank to buy multi-billion dollar German aviation business.
The single currency recorded a jump in late Asian trading on Friday, which saw the euro rise to its highest level in two and a half weeks.
The euro rose 0.35 percent to $ 1.1289 after touching $ 1.1294, its highest level since March 26. The single currency also rose around 0.4 percent to 126.23 yen, its strongest level since March 21.
Traders said speculators were buying the euro in response to reports that Japan's Mitsubishi UFJ plans to buy aviation finance activity at Deutsche Bank AG.
The dollar index, which tracks the performance of the greenback versus a basket of rival currencies, fell on pressure from the euro's rise of 0.2 percent to 96.991, shedding most of the gains made in the previous session.
With the dollar down broadly, sterling rose 0.2 percent to $ 1.3078, erasin…

Gold rallies for first weekly gain in 3 weeks

Gold prices rose today, with the dollar falling, helping the yellow metal recover from the biggest daily percentage drop in two weeks recorded in the previous session. By 0620 GMT, spot gold rose 0.1 percent to $ 1293.67 an ounce after hitting a one-week low on Thursday. Gold futures gained 0.3% to $ 1297 an ounce.  For other precious metals, silver rose 0.1% to $ 14.97 an ounce, but is still down about 0.6% during the week. Platinum was up 0.6% at $ 892.68 an ounce and headed for the first weekly decline in five weeks. Palladium rose about 0.4% to $ 1370.81 an ounce.

Gold is on course to achieve its first weekly gain in 3 weeks as the dollar retreats

Gold prices rose on Friday as the dollar fell, helping the yellow metal recover from its biggest two-day percentage drop in two weeks recorded in the previous session.
By 0620 GMT, spot gold rose 0.1 percent to $ 1293.67 an ounce after hitting a one-week low on Thursday. Gold futures gained 0.3 percent to $ 1,297 an ounce.
The dollar index, which tracks the performance of the greenback against a basket of major rivals, fell 0.2 percent, shedding gains in the previous session and heading for the first weekly drop in four weeks.
Strong corporate earnings will probably boost investors' appetite for high-risk assets, negatively impacting gold's appeal.
Gold fell more than 1 percent in the previous session after reports showed US jobless claims fell to their lowest level in nearly half a century and producer prices rose the most in five months in March.
Gold is heading for its first weekly gain in three weeks, after rising 0.2 percent since the start of the week. The metal rose to…

Yesterday, the Euro was trading at 1.1280 against the Dollar

Basic analysis
The euro extended range in its weekly gains to 1.1283, but closed unchanged at 1.1262. The Dollar was under selling pressure during the first half of the day as traders were still reacting to President Trump's new tariffs on EU products worth $ 11 billion. Traders are also worried about the ECB and Federal Reserve monetary policy meetings today, as both central banks have turned into full-fledged creditors since their previous meetings. The market sentiment is already bearish on both currencies, but the euro will be under even greater pressure if the ECB has any further concerns about the economic outlook. On the other hand, the Federal Reserve will shock the market negatively if it points to any chance of a rate cut. In addition to these events, EU representatives will hold an emergency summit to discuss postponing Britain's exit from the EU, while the United States will release inflation data in March.
Technical Analysis
Yesterday, the Euro tested 1.1280 (the…

Gold loses against the dollar

Gold prices fell on Wednesday, while the US dollar rose. However, the metal settled near its 14-day high of the previous session as stocks fell on concerns of trade tensions between the United States and Europe and global growth. Gold futures in the US fell 0.2% to $ 1305 an ounce, while spot gold fell 0.1% to $ 1,302.02 an ounce.

Gold rises at a two-week high

Gold prices rose for a fourth straight session on Wednesday, with the metal hitting a two-week high after economic data and ahead of the Fed meeting minutes.
Annual inflation in the United States accelerated last month as food costs surged, official data showed on Tuesday.
The Fed is due to announce later in the day the minutes of its latest meeting.
For its part, the European Central Bank decided to set the interest rate according to analysts' estimates, with no trend to increase it until the end of this year at least amid increasing risks to the eurozone economy.
The International Monetary Fund (IMF) yesterday lowered its global growth forecast for this year to 3.3 percent from 3.5 percent earlier.
On the settlement, the price of gold futures for June delivery rose about 0.4% to 1313.90 dollars an ounce, the highest level for this decade, the most active since the March 27 session.
By 5:35 pm GMT, the spot price of a yellow metal rose 0.4% to $ 1309.06 an ounce.
During that per…

Crude oil swings back and forth

Metals - Precious metals were mixed on Monday, with gold rising for the second straight session on a weaker US dollar and worries about global growth. June gold rose $ 6.40, or 0.5%, to settle at $ 1,308.30 an ounce. But May silver closed at $ 15,211 an ounce, down $ 0.005, after rising 0.9% the previous day.
Oil - Crude oil swung back and forth before ending lower as traders became cautious ahead of the latest US crude inventories. West Texas Intermediate (WTI) fell $ 0.42, or 0.7%, to settle at $ 63.98 per barrel. At the same time, Brent crude oil fell $ 0.49, or 0.7%, to settle at $ 70.61 per barrel.

EUR / USD - Euro US Dollar

The EURUSD is trading at 1.1264, as the pair rebounded to the downside after failing to breach the resistance level as shown in the figure. The price is now trading at the average moving average line, and both the Stochastic and the MACD are showing a negative cross towards the 4-hour time frame Therefore, the pair is expected to continue its bearish trend targeting 1.1227

Gold prices hold to a 2-week high ahead of US inflation data

Gold prices have not changed slightly near the previous session's highs in two weeks on Wednesday as market players watched US inflation data as well as minutes from the Fed's last meeting.
Spot gold fell 1.18 dollars, or 0.1 percent, to $ 1302.91 an ounce by 7:15 am Eastern Time (11:15 GMT) after rising to $ 1306.24 on Tuesday, its highest level since March 28.
Gold futures in COMEX fell $ 1.45, or 0.1%, to $ 1,306.85 an ounce.
The Department of Commerce will publish inflation figures for March at 8:30 am Eastern Time (1230 GMT).
Consumer prices are expected to rise by 0.3% last month, according to estimates. Excluding the cost of food and fuel, core inflation is expected to rise by 0.2% last month.
The Fed will then release minutes of the latest policy meeting later in the session. The US central bank has vowed to raise interest rates again this year at the end of its March 20 meeting and has indicated that it plans to end its $ 4.2 trillion gross budget reduction by Septem…

Venezuela withdraws 8 tons of gold from the central bank

Venezuela withdrew eight tons of gold from central bank coffers last week, a government lawmaker and exporter said on Wednesday, and the Socialist government, which suffers from a liquidity crisis, is expected to sell the yellow metal as it seeks to manage hard currency in the face of US sanctions.
The sanctions imposed by Washington stifle the revenues of the National Oil Company (PDVSA), with the isolated administration of President Nicholas Maduro increasingly shifting Venezuela's large gold reserves to a single source of foreign currency.
The central bank's reserves have fallen 30 tonnes since the start of the year before US President Donald Trump tightened sanctions, leaving about 100 tonnes in the bank's coffers, worth more than $ 4 billion, the government source said.
With this rate of decline, the central bank's reserves will almost disappear by the end of the year, with the Maduro government facing difficulties in paying for imports of commodities.
Neither th…

Gold is retreating on the strength of the dollar, but weakness in stocks limits losses

(Reuters) - Gold prices fell on Wednesday as the dollar rose, but the yellow metal remained near its two-week high of the previous session as stocks fell on concerns about global growth and trade tensions between the United States and Europe.
Spot gold fell 0.2 percent to $ 1302.36 an ounce by 0518 GMT after hitting a 28-year high of $ 1306.09 in the previous session.
Gold futures lost 0.2 percent to $ 1306 an ounce.
As the dollar rose slightly against its main rivals, Asian stocks retreated from an eight-month high above the major resistance level of $ 1,300.
The strong dollar raises the cost of gold for investors with other currencies.
US President Donald Trump on Tuesday threatened to impose charges on EU products worth $ 11 billion to open a new front in his global trade war.
Investors' concern over the International Monetary Fund (IMF) cut on Tuesday raised the outlook for global economic growth for 2019 and warned of a further slowdown in growth.
Gold is used as a relative…

The opening of the dollar and the euro EUR / USD session this week and the signals derived in the circulation of dollar prices

Fed policy versus President Trump's policy Dollar Price Analysis - Daily Chart Have you been on the wrong side of the deal when trading on gold prices? What do you think about the direction of oil prices? Take a look at the opinion of the DailyFX experts and book your copy of the price forecast
The direction of the levels of US inflation and its impact on the US Central In March, US jobs returned to growth after a marked drop in data for the previous month, with better-than-expected data reaching 196,000 jobs, but average wages fell from 3.4% to 3.2% and unemployment stood at 3.8% With the approach of full employment in the United States and the continued growth in the number of jobs, there was competition between employers to recruit competencies and their tendency to raise wages pushed up to 3.4% last month on the one hand, and with the continued high oil prices and close last week $ 70 a barrel for the first time in nearly five months on the other hand, these factors contribut…

Rising oil revives currencies linked to commodities

LONDON (Reuters) - The Australian and Canadian dollars advanced on Tuesday thanks to a five-month high in oil prices, pushing up most commodity-linked currencies.
Oil prices rose on the back of tight global supplies due to fighting in Libya, OPEC-led output cuts and US sanctions against Iran and Venezuela, although energy prices fell slightly on Tuesday.
Alongside the Australian dollar and its Canadian counterpart, the Norwegian krona also made gains.
The Australian dollar was up 0.2 percent at $ 0.7144 and earlier touched a three-week high.
The Canadian currency rose to 1.3293 US dollars against its US counterpart, the strongest level since March 21.
The US dollar fell for a second day in a row, while the list of fees on European goods proposed by Washington had no immediate impact on the euro, as the single currency rose slightly.
The euro was up 0.1 percent at $ 1.1266 as traders awaited a meeting of the European Central Bank on Wednesday.
The dollar was down 0.1 percent at 96.878…

Alttekwin down from the highest level in 5 months by correction and profit-taking

The digital currency "pettecon" fell on spot trade on Tuesday for the first time in five days, dropping from the highest level in five months, with marked activity for correction and profit taking, but prices remain so far above the psychological barrier at $ 5,000 per unit, Is positive for the continued bullish market for the largest currency transactions in the world.


On the Bettstamp stock exchange, by 0815 GMT, the greenback was trading around $ 5,193, down $ 95, or 1.8%, at $ 5,288 opening at $ 5,289 and a low of $ 5,141.


Yesterday, Bettkin gained 1.9%, its fourth daily gain in a row, recording a five-month high of $ 5,347 per unit, with strong demand for the world's largest currency.


"Alttequin" rose by 27% over the course of last week, the seventh consecutive weekly gain, and the biggest weekly gain since February 2018, with the entry of large demand on the currency move prices on a large scale.


The market value of digital currencies on Tuesday fell by …

The euro is up for a second day against the US dollar

The euro rose on Tuesday against a basket of global currencies to continue gains for the second day in a row against the US dollar as US currency levels continue to drop against most major and minor currencies, as investors continue to cover short positions ahead of the ECB meeting on Wednesday.


The euro rose against the dollar by 0.1% at 07:30 GMT, trading at $ 1.1270, the opening price of $ 1.1261, the highest at $ 1.1272 and the lowest at $ 1.1255.


Yesterday, the euro gained 0.4% against the dollar, its first gain in three days, and the biggest daily gain since March 20.


The dollar index fell 0.1% on Tuesday, continuing its second consecutive day of decline, reflecting the continued decline of the US currency against a basket of major and secondary currencies.


The continued decline of the dollar levels is the continuation of weak economic data in the United States, which supports the decision of the Federal Reserve to suspend the raising of US interest rates during this year.


On t…

The dollar is falling ahead of corporate results

The dollar fell against most major currencies during the day, with the shift attention away from positive economic data and focus on the results of the companies in the first quarter, which begins to flow this week.

The dollar was supported by the US monthly payroll report, which showed the economy added 196,000 jobs last month - higher than the 172,000 forecast - as the unemployment rate stabilizes.

Investors are looking forward this week to the Federal Reserve meeting minutes as well as the ECB's decision and the comments of its president, Mario Draghi.

On the other hand, a bank "JPMorgan Chase" and "Wells Fargo" will reveal their results for the first quarter this week.

With regard to trade negotiations between Washington and Beijing, the two officials will hold meetings via video conference this week to discuss further overcome the obstacles to reaching agreement.

In terms of trading, the dollar index fell (in front of a number of major currencies) by the …

Sterling rises 1.3% against the dollar as the May meeting

The British pound rose against the greenback on Thursday as the results of Prime Minister Thierry Mae's talks with European leaders to discuss the postponement of the break-out of the BRICCET.

The May has announced last week that it will formally ask the European Union to postpone the departure of the country from the bloc beyond the twelfth of April.

Mae will meet French President Emmanuel Macaron and German Chancellor Angela Merkel to discuss a deal between Europe and Britain that will be passed without hindrances in parliament.

This came after the failure of the talks "May" and the leader of the opposition Labor Party, "Jeremy Corbin" last week on the formulation of an alternative plan to get out of the European Union after the rejection of the agreement through the British Parliament three times.

During today's trading, the British pound rose against the US dollar by 18:31 GMT by 0.2% to 1.3066, recording a high of 1.3075 and a low of 1.3033.

Dollar Index From Italy From epix From Hang Seng From Tokyo

Asian stocks opened the week's green trading session on Tuesday, following corrective losses in the first session of the week. Japanese equity indexes suffered their biggest losses this year as investors worried about the weakening global economic performance in recent times and the reversal of the yield curve in the US. Looming economic recession of the world's largest economy.


At the end of last week, the yield curve on US Treasuries was reversed for the first time since 2007, with the difference between three-month Treasury yields and a 10-year yield on Treasury Treasuries looming, signaling a recession in prospects and deepening concern. The markets are facing the performance of the world's largest economies, which are experiencing a slowdown in growth in recent times significantly.


Otherwise, investors are looking forward later this week for a new round of US-China trade talks in Beijing as a US delegation heads to China before a Chinese delegation heads to Washingto…