Mail Mail Call Call Chat

Noticias

Gold Tests Psychological Barrier

Archivo de Noticas

2011 2012 2013 2014 2015 2016

On Monday, Gold declined below $1,200 for the first time since mid-February, affected by Janet Yellen’s statements on interest rate hikes. Despite reaching levels of $1,300 the yellow metal was pushed to trade below $1,200, and it managed to settle above such levels. Also worth mentioning is that, the precious metal is awaiting the US unemployment rate next Friday. The US dollar index settled yesterday at 95.72.

EUR slightly recovered vs. USD despite the good German data, suggesting that price pressures in Europe's largest economy remain weak. From a technical point of view, the fiber is likely to trade in a limited range between $1.11 and $1.12 during the coming period.

The pound settled above $1.46 vs. USD in absence of any major economic data, but it is expected to continue to fluctuate around $1.45 during the coming period.

Japanese Yen fell sharply on Monday, as Japanese PM Shinzo Abe said he would postpone a sales tax hike scheduled for next April by two and a half years. USD surged above 111 levels, but it failed to break the resistance levels of 111.30. From a technical point of view, the pair could re-test the resistance levels of 111.30 during the course of the day.

Oil prices managed to trade above $50, although uncertainty lays ahead of an OPEC producer-group meeting later in the week. WTI settled around $49.50 and could trade in a limited range and touch $49.

The most important economic events:

  • EUR Euro-Zone Consumer Price Index Estimate (YoY) (MAY): (GMT 11:00) Important – Forecast (-0.1%) – Previous (-0.2%).
  • EUR Euro-Zone Consumer Price Index - Core (YoY) (MAY A): (GMT 11:00) Important – Forecast (0.8%) – Previous (0.7%)
  • CAD Gross Domestic Product (YoY) (MAR) (MAR): (GMT 14:30) Important – Forecast (1.4%) – Previous (1.5%)
  • CAD Quarterly Gross Domestic Product Annualized (1Q): (GMT 14:30) Important – Forecast (2.8%) – Previous (0.8%)
  • USD Personal Consumption Expenditure Core (YoY) (APR): (GMT 14:30) Important – Forecast (1.6%) – Previous (1.6%)
  • USD Consumer Confidence (MAY): (GMT 16:00) Important – Forecast (96.3) – Previous (94.2)

Disclaimer
The prices and news mentioned in this outlook are absolutely no guarantee of future market performance and do not represent the view of ICM Capital Limited. Financial markets can move in either direction causing profits to be made or complete losses to be incurred by the trader. Each trader must decide for themselves what their risk appetite is and ensure that correct risk management procedures are in place before placing any trades.

Financie su cuenta

Operar Divisas o CFD´s involucra un alto nivel de riesgo para su capital y puede resultar en pérdidas que exceden su depósito. CFDs y Spot FX, son productos con apalancamiento. Operar CFD´s o Spot Fx conlleva un alto riesgo para su capital y puede resultar en pérdidas que excedan sus depósitos. Usted no debería comprometerse con este tipo de inversión a menos que usted entienda la naturaleza de las Transacciones que usted está tomando y del verdadero alcance de su exposición para el riesgo de las perdidas. Sus ganancias y pérdidas variarán de acuerdo al grado de las fluctuaciones en el precio de los mercados subyacentes en la cual está basada la operación.