GC=F - Gold Feb 20
| Pre. Settlement | N/A |
| Settlement date | 2020-02-26 |
| Open | 1,562.90 |
| Bid | 1,570.50 |
| Last price | 1,565.40 |
| Day's range | 1,555.80 - 1,575.50 |
| Volume | 415,684 |
| Ask | 1,572.00 |
- FX Empire
US Stock Market Overview – Stocks Slide as Feat of Coronovirus Epidemic Spreads
Volatility picks up as stocks slide
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – 50% Level Downside Targets 28723, 28538
On the downside, the key angle to watch into the close comes in at 28788. The Dow stopped just about this angle earlier today.
- FX Empire
Natural Gas Price Prediction – Prices Fall and Drop 5.7% for the Week
Warm weather weighs on prices
- FX Empire
E-mini S&P 500 Index (ES) Futures Technical Analysis – Headed into 3259.25 to 3240.75 Retracement Zone
With momentum to the downside, the first target is an uptrending Gann angle at 3269.00. This is followed by the short-term 50% level at 3259.25.
- FX Empire
S&P 500 Price Forecast – Stock Markets Have Rough Into The Week
Stock markets initially tried to rally during the trading session on Friday, but as you can see on the S&P; chart, we have broken down to reach towards the 3300 level again.
- FX Empire
USD/JPY Price Forecast – US Dollar Sluggish Against Yen
The US dollar has done very little against the Japanese yen, as the market tried to rally a bit, but at this point it looks very sluggish and like it’s going to struggle to go anywhere significant in the short term.
- FX Empire
GBP/USD Price Forecast – British Pound Gives Back Gains
The British pound broke above the highs of the previous session on Thursday, but then turned around to show signs of weakness. At this point, the market is likely to grind back and forth but I think the most important thing to pay attention to is that we have a lot of support underneath.
- FX Empire
Gold Weekly Price Forecast – Gold Markets Continue To Pressure Higher
Gold markets initially fell during the week, but then turned around to break higher. Ultimately, this is a market that continues to grind sideways in this general vicinity, as it was the high that the market initially hit from the initial surge to the upside.
- FX Empire
EUR/USD Mid-Session Technical Analysis for January 24, 2020
Based on the early price action and the current price at 1.1039, the direction of the EUR/USD is likely to be determined by trader reaction to the Fibonacci level at 1.1045.
- FX Empire
Market Trading At New Highs, Virus Fears Ease, EU Data Reassures Investors
Global markets rebound as fear of the Wuhan Virus dissipates.
- Coindesk
Notes From the WEF: Cash Is Dead, Long Live Digital Cash
Consensus is building on one issue at the World Economic Forum in Switzerland: Cash is dead.
- FX Empire
Silver Remains Range-Bound Just Shy of $18.00
Silver prices remain choppy, as the metal hovers just below the $18.00 level. We could see some movement later in the day, with the release of U.S. manufacturing and services PMIs at 13:30 GMT.
- FX Empire
The Weekly Wrap Up, the Loonie and Brexit
It was a busy start to the week ahead of a particularly busy end to the week. Expect plenty of moves as the markets digest a heavy economic calendar.
- FX Empire
The Crypto Daily – Movers and Shakers – 24/01/20
It’s turned bearish for the majors, with losses this week eating into last week’s gains. A Bitcoin move back through to $8,500 levels would signal support.
- FX Empire
S&P 500 Price Forecast – Stock Market Pulls Back
The S&P; 500 pulled back a bit during the trading session on Thursday, reaching towards the 3300 level. If we can break down below the 3300 level, then the market is very likely to go looking towards the 3250 level.
- FX Empire
Natural Gas Price Forecast – Natural Gas Markets Can’t Rally
Natural gas markets have tried to rally again during the trading session on Thursday, but they continue to see signs of selling pressure every time we try to pick the market up off of the floor.
- Coindesk
Tether Says Its Newest Stablecoin Is Backed by Gold in Swiss Vault
Tether is issuing a new stablecoin as ERC-20 and TRC20 tokens, backing their price with one ounce of gold.
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Plenty of Room to Downside Under 29050
Based on the early price action and the current price at 29080, the direction of the March E-mini Dow Jones Industrial Average futures contract the rest of the session on Thursday is likely to be determined by trader reaction to the 50% level at 29050.
- Coindesk
CoinDesk Q4 2019 Review: A Year in Suspended Animation
The CoinDesk Quarterly Review surfaces the key data, trends and events shaping the crypto markets. Check it out now.
- Zacks
Top 3 Gold Mining Stocks to Buy in 2020
Demand for safe-haven investments such as gold may have gone down, but potential headwinds could help the yellow metal gain traction again.
- FX Empire
Silver Swings Continue
Silver remains under pressure, as the pair flirts with January lows. Will the downward trend continue, or will silver rebound back to the 18.00 level?
- Financial Times
Samancor Chrome threatens over 3,000 job losses at South Africa mines
Samancor Chrome, the South African chrome producer, could axe over 3,000 jobs at its mines and smelters in response to weak prices for the metal and power supply problems. The mining company is considering eliminating almost 2,500 jobs at its Eastern Chrome and Western Chrome mines and about 600 jobs at its smelters because chrome ore prices are “under huge pressure” and it is paying more for less stable electricity supply in an “unsustainable” situation, according to letters seen by the Financial Times and a release by the company. The review highlights the risks posed to South Africa’s mining industry by the crisis at Eskom, the country’s stricken electricity utility, which is hampered by ageing coal plants and $30bn of debt.
- Coindesk
Pornhub Now Lets Models Get Paid With the Tether Stablecoin
Pornhub has added new performer payment options including the tether (USDT) stablecoin, two months after being apparently dropped by PayPal.
- FX Empire
Price of Gold Fundamental Daily Forecast – Traders May Be Waiting for WHO to Declare Global Emergency
It’s funny. The news tends to lead investors to believe that gold is a buy when there is uncertainty and fear in the markets, but this type of thinking doesn’t seem to be working at this time.
- FX Empire
Oil Price Fundamental Daily Forecast – Weak on Fear of Lower Demand
It looks like the coronavirus story is not going to go away over the near-term and actually conditions could worsen. It’s difficult for professionals to gauge the impact on demand at this time so we may not see a bottom until the speculators stop shorting the market.
