Page 33 - Pivot Points News Today

Inflation fears are rising – as seen in both the Consumer Price Index figures and the University of Michigan's Consumer Sentiment data. Is gold still

5/13/2021 9:02:27 AM GMT | By Dhwani Mehta EUR/USD is moving back and forth in a familiar range around 1.2100, lacking a clear directional bias. The upside appears elusive as the US dollar holds onto the recent advance, triggered by upbeat US CPI data. The risk sentiment looks heavier on the session, keeping the safe-haven dollar on the front. However, the major could find some reprieve from the retreat in the US Treasury yields. How is EUR//USD position...

5/10/2021 6:36:25 AM GMT | By Dhwani Mehta GBP/USD is jumping above 1.4050, as the pound cheers the UK local election outcome, as the UK PM Boris Johnson emerged stronger while Scotland’s SNP fell one seat short of an outright majority. Although the chances of a Scottish second independence referendum still remain in place, the GBP pays a little heed. Meanwhile, the US dollar remains on the back foot after the NFP blow. Let’s see how GBP/USD is posi...

5/7/2021 6:42:30 AM GMT | By Dhwani Mehta Silver (XAG/USD) is off the three-month highs of $27.55, consolidating Thursday’s rally above the $27 mark. Persistent weakness in the US dollar and Treasury yields lifted silver prices while a bullish technical picture also added to the renewed optimism. Silver tracked the rally on gold after the latter finally broke above key $1800 technical resistance and triggered stop orders. Further, news that the CME lowe...

; Gold Price Analysis: XAU/USD bulls eye $1,850 after surging above $1,800 – Confluence DetectorNEWS | 5/6/2021 2:09:32 PM GMT | By Yohay Elam Gold has broken above the $1,800 mark, hitting the highest levels since February. The Confluence Detector is showing that XAU/USD has very few barriers through $1,850. It has finally happened – Gold has staged a convincing break above the $1,800, hitting a high of $1,813.63 at the time of writing. Falling US T...

5/5/2021 3:28:50 AM GMT | By Dhwani Mehta Gold (XAU/USD) is on a steady recovery towards the $1800 mark, as the US dollar retreats across the board amid improving market mood. The US tech sell-off combined with Treasury Secretary Janet Yellen’s rate hike comments rattled markets and boosted the safe-haven greenback at gold’s expense. Upbeat US Factory data also backed the dollar’s gains. Gold took a sharp U-turn after running into the $1800 technica...

; Gold Price Analysis: XAU/USD’s path of least resistance appears to the upside – Confluence DetectorNEWS | 5/4/2021 3:06:52 AM GMT | By Dhwani Mehta Gold (XAU/USD) is easing off three-month highs, as the bulls face a hurdle at the technical resistance near the $1798-$1799 zone. Broad-based US dollar bounce amid a risk-off mood and upbeat comments from Fed Chair Powell weigh on gold. Although the XAU bulls remain hopeful amid subdued Treasury yields....

Gold consolidates the latest two-day downtrend amid a quiet Asian session on Monday. That said, the yellow metal picks up bids towards refreshing the

Gold Price Analysis: XAU/USD needs to crack $1800 to extend post-Fed gains – Confluence DetectorNEWS | 4/29/2021 3:47:29 AM GMT | By Dhwani Mehta Gold (XAU/USD) is consolidating near four-day highs but remains below $1800 so far this Thursday. Fed Chair Jerome Powell’s dismissal of tapering bets gave the much-needed boost to the XAU bulls. Meanwhile, US President Joe Biden pushed for his $1.8 trillion stimulus package, which exerted additional upside...

Apr 27, 2021 05:01 GMTFXStreet News Gold (XAU/USD) is back in the red this Tuesday, having failed to sustain at higher levels amid a recovery in the US against its major peers. Markets are turning risk-averse as the Fed begins its two-day monetary policy meeting later today while surging covid cases in emerging economies also underpin the safe-haven US dollar. Meanwhile, the renewed uptick in the US Treasury yields exerts additional downside pressure on the yieldless gold. Markets look forward ...