Tuesday, 24 April 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--

Gold And The Fed Rate Hike
Tuesday, 27 March 2018 04:44 WIB | GOLD CORNER |Gold OutlookGold Corner

Gold continues to trade in the pattern that has developed since the Fed began raising rates. This consists of a weakening pattern into the anticipated Fed meeting, a blip lower on the announcement and then a strong rally.

We suggested that gold would potentially see a $1,307 print ahead of the announcement, with a suggestion to enter, when the news broke. The initial bounce to the $1,327 level was within reason but then gold prices blew higher on concerns of other developments.

China™s push-back on proposed U.S. tariffs worried the market and hurt the dollar as traders™ concerns about China™s continued support of the U.S. treasury market came into focus. Trade fears with China have impacted not only the dollar but equity markets, which tested their February lows.

President Trump™s replacement of H. R. McMaster with John Bolton, as National Security Advisor worried the market in respect to North Korea, as Bolton is considered a more aggressive war hawk. There was enough turmoil to force a short squeeze in the metals.

The market is close to a breakout, but the technical picture requires a bit more work. We see continued resistance at the $1,357 level and the market requires further short-term dollar selling to break through this line. Initial support rests at $1,342.

Source: Kitco

RELATED NEWS
Gold On The Defensive - Peter Hug...
Tuesday, 24 April 2018 05:44 WIB

Pada liburan minggu lalu, saya kehilangan nuansa beberapa hari perdagangan terakhir. Kami menyebutkan bahwa gambaran teknis tampak positif dengan peringatan bahwa level $ 1.355 pada basis penutupan di...

Gold Will See New Highs After Markets Get Past Hawkish Fed Outlook - TD Securities...
Tuesday, 17 April 2018 16:36 WIB

Pergerakan positif harga emas baru-baru ini telah tertahan oleh pandangan Federal Reserve yang hawkish, TD Securities mengatakan dalam sebuah laporan. œTensi tinggi internasional, USD yang agak lem...

Gold Disappoints Bulls, Restrained By White Metals - Saxo Bank...
Monday, 9 April 2018 20:59 WIB

Para bulls emas sekali lagi kecewa dengan kurangnya pergerakan logam kuning ini untuk menembus level resisten kunci di level $ 1,355 per ounce, Saxo Bank mengatakan, menambahkan bahwa logam mulia seda...

Get Ready: 'Big Breakout For Gold' Is Coming - Bloomberg Intelligence...
Monday, 2 April 2018 11:37 WIB

Rally emas kemungkinan akan terjadi di bulan April, kata analis strategi komoditas Bloomberg Intelligence Mike McGlone, menambahkan bahwa tidak banyak yang mengerti bagaimana itu bisa terjadi. "Sesua...

Expect A Hawkish Fed; So Bad News For Gold? - CME Group...
Wednesday, 21 March 2018 05:12 WIB

Menyusul pasar tenaga kerja yang kuat dan ekonomi yang berekspansi, pasar harus mengharapkan Fed akan salah dalam ke-hawkishness-annya, kata Executive Director CME Group dan Economist Senior, Erik Nor...

LATEST NEWS
Asia Stocks Rise as Political Tensions Ease; Korea Shares Fall

Asia stocks rose as investors turned their attention to the outlook for company earnings and as concerns about global political tensions eased. A weaker yen supported Japanese equities. The MSCI Asia Pacific Index gained 0.4 percent to 173.36 as...

Gold Holds Near Two-Week Low; Palladium Extends Drop

Gold holds 3-day decline as dollar trades at the highest since early January. Palladium heads for the biggest 2-day drop in more than a year. Bullion for immediate delivery was steady at $1,325.61/oz. Silver +0.4% to $16.6929/oz....

EUR/USD Tumbles Further Below 1.22 on Downbeat IFO

The single currency saw its decline accelerated today and is now forcing EUR/USD to drop to fresh lows in the vicinity of the 1.2180 region. The selling sentiment remains well and sound around the European currency during the first half of the...

POPULAR NEWS
Gold Futures Fall to 2-Week Low as Haven Demand Wanes
Tuesday, 24 April 2018 01:34 WIB

Gold declines to a 2-week low as demand for a haven eased amid cooling geopolitical tensions and a rally in the dollar. Bullion futures...

Gold On The Defensive - Peter Hug
Tuesday, 24 April 2018 05:44 WIB

On holiday last week, I am missing the nuance of the past few trading days. We suggested that the technical picture was looking positive with the...

Gold Declines Third Day as U.S. Hints at China Truce
Monday, 23 April 2018 12:58 WIB

Gold drops a third day after U.S. Treasury Secretary Steven Mnuchin hints at a truce with China on trade, and as tensions on the...

Oil Trades Below $69 as U.S. Rig Count Climbs to 3-Year High
Monday, 23 April 2018 10:26 WIB

Oil traded below $69 a barrel as the number of crude rigs in the U.S. rose to a three-year high in a sign American production may expand...