GC=F - Gold Dec 19
| Pre. Settlement | N/A |
| Settlement Date | 2019-12-27 |
| Open | 1,495.60 |
| Bid | 1,493.10 |
| Last Price | 1,498.30 |
| Day's Range | 1,488.30 - 1,497.90 |
| Volume | 224,789 |
| Ask | 1,494.30 |
- FX Empire
The Weekly Wrap – Economic Data and Brexit Drove the Majors in the Week
It was the week where the Dollar took the hit, while Brexit progress provided support to the EUR and GBP.
- FX Empire
Gold Price Futures (GC) Technical Analysis – Setting Up for Breakout While Riding the Storm Out
Looking at this week’s trading range, buy stops are probably piling up over $1508.00 and sell stops under $1478.00.
- FX Empire
S&P 500 Weekly Price Forecast – Stock Markets Continue To Grind Higher
Stock markets around the United States have continue to grind higher, and the S&P; 500 of course was no different. The E-mini contract has reached towards the 3000 level yet again, which is starting to show obvious signs of resistance.
- FX Empire
Silver Weekly Price Forecast – Silver Markets Form Supportive Candle For The Week
Silver markets formed a supportive candle during the week, showing signs of strength yet again as we have bounced from just above the $17.00 level. All things being equal, it looks as if we are trying to build up some type of base.
- FX Empire
Crude Oil Weekly Price Forecast – Crude Oil Markets Continue To Find Support
Crude oil markets continue to find support during the past week, as we are approaching the bottom of the overall range. At this point, the market looks very likely to try to bounce but obviously there’s a lot of noise to work through.
- FX Empire
Natural Gas Weekly Price Forecast – Natural Gas Markets Finish Week Is One
Natural gas markets rally during the week, bouncing from the crucial $2.20 level to test the $2.40 level. It looks as if we have more of a grind on our hands but this is how trend changes start: they get choppy and messy and that eventually everybody moves in the same direction.
- FX Empire
USD/JPY Weekly Price Forecast – US Dollar Facing Significant Resistance
The US dollar has gone back and forth during the week, in relatively quiet trading. The 50 week EMA has offered some resistance, and it now looks likely that we need another catalyst to go higher.
- FX Empire
GBP/JPY Weekly Price Forecast – British Pound Slams Into Major Level This Week
The British pound slammed into a major level during the week, testing the ¥140 level. However, although there is supposedly a deal between Boris Johnson and the EU, Parliament has not voted on it and will do so during the weekend. Buckle up, this is going to be brutal.
- FX Empire
GBP/JPY Price Forecast – British Pound Approaches Major Level
The British pound approach the major level against the Japanese yen during trading on Friday, as the ¥140 level attracts a lot of attention. Ultimately, this is a market that should continue to see a lot of volatility, as is per usual.
- FX Empire
AUD/USD Price Forecast – Australian Dollar Reaching Towards Significant Resistance
Australian dollar traders were bullish during the early part of Friday, as we continue to see the Australian dollar grind a bit higher. That being said though, we are heading towards an area that has caused resistance recently.
- FX Empire
Futures Flat, Brexit Deal Expected To Flop, China GDP Weaker Than Expected
Global markets are flat as concerns for global economic stability outweigh earnings.
- FX Empire
Will Sputtering Global Growth and the Just-Announced Brexit Deal Support Gold?
3 percent – that’s the new IMF global growth forecast for 2019. It’s the lowest one since the Great Financial Crisis. Is the much talked about recession coming? And what about the just reached Brexit deal? Can they both make gold rally?
- FX Empire
Froth On ?
US equities were stronger Thursday, supported again by better earnings as the S&P; 500 now sits within 1% of an all-time high.
- Investing.com
Gold Prices Fall as Traders Weigh Brexit, China GDP and Sino-U.S. Trade Talks
Investing.com - Gold prices fell on Friday in Asia as markets were busy digesting news on Brexit and the Sino-U.S. trade war. Weak China GDP data failed to push the prices of the safe-haven metal higher.
- Investing.com
Oil Prices Drop Amid Rising Crude Stockpile, Weak China GDP Growth
Investing.com - Oil prices dropped on Friday in Asia after Energy Information Administration (EIA) reported that U.S. oil inventories rose much more than the market was expecting, while weak China GDP growth also weighed.
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Buying Tentative as Market Nears Major Resistance
The chart pattern suggests any rally is likely to be labored, and any selling is likely to be volatile and hard. This makes since because of the number of overhanging uncertainties. The message is pretty clear: Be careful buying strength this close to the all-time highs.
- FX Empire
Natural Gas Price Prediction – Prices Rise on Less than Expected Inventory Build
Natural gas prices moved slightly higher on Thursday following a less than expected build in natural gas stockpiles. Tropical depression 16, is now swirling in the Gulf and is expected to turn eastward making landfall in Louisiana and then Florida. The more west the storm goes the more likely it is to disrupt some natural gas installations.
- Coindesk
Telegram Responds to SEC: Gram Tokens Are Not Securities
Telegram is pushing back against the U.S. Securities and Exchange Commission (SEC).
- FX Empire
Silver Price Forecast – Silver Markets Slam Into Downtrend Line
Silver markets rallied a bit during the trading session on Thursday, reaching towards the downtrend line in what could either be a down trending channel or the top of the descending triangle. Because of this, the downtrend line becomes very crucial.
- FX Empire
AUD/USD Price Forecast – Australian Dollar Launches
The Australian dollar launched higher during the trading session on Thursday, breaking above the 50 day EMA in a relatively strong sign for the Aussie. However, at the end of the day we still have significant headwinds above and from a fundamental standpoint.
- FX Empire
EUR/USD Mid-Session Technical Analysis for October 17, 2019
Based on the early price action and the current price at 1.1113, the direction of the EUR/USD the rest of the session on Thursday is likely to be determined by trader reaction to a pair of Gann angles at 1.1117 and 1.1119.
- Coindesk
CFTC Takes Action Against Crypto Options ‘Ponzi Scheme’
Purported crypto and forex investment firm Circle Society is accused by the CFTC of operating like a Ponzi scheme.
- FX Empire
AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie Spikes Higher as Unemployment Rate Improves Slightly
Before the release of the jobs data, a senior Reserve Bank official said, Australia’s property downturn is not only hitting household consumption, it’s a big drag on economic growth and inflation.
- FX Empire
Divorce European Style
The U.S. equity markets were a tad weaker Wednesday, and 10-year bond yields fell as the market s were left interpreting the inconsistent news out of the U.S.: weak retail headlines for September but upbeat earnings report, with Bank of America, reporting growth in investment-banking fees.
- FX Empire
Gold Price Futures (GC) Technical Analysis – Trying to Establish Support Base at $1489.20 to $1481.30
Based on this week’s price action and the current price at $1492.20, the direction of the December Comex gold futures contract on Thursday is likely to be determined by trader reaction to the 50% level at $1489.20.
