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Gold Prices Maintain Sideways Range Despite Plunge in Gold Volatility

Gold Prices Maintain Sideways Range Despite Plunge in Gold Volatility

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Gold Value Speaking Factors:

Fed rate of interest minimize odds, as measured by Eurodollar contract spreads, are at their lowest degree since Could 30.

Gold volatility, as measured by the Cboe’s ETF, GVZ (which tracks the 1-month implied volatility of gold as derived from the GLD ETF choice chain) is at its lowest degree since June 19.

Retail dealer positioningcontinues to warn of a…

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Gold Prices Proving Resilient During Correction as Gold Volatility Drops

Gold Prices Proving Resilient During Correction as Gold Volatility Drops

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Gold Value Speaking Factors:

Gold volatility has pulled again considerably in current days, however gold costs haven’t fallen as a lot as the gold volatility contraction would indicate.

Gold volatility, as measured by the Cboe’s ETF, GVZ (which tracks the 1-month implied volatility of gold as derived from the GLD ETF choice chain) has fallen by almost -25% over the previous week.

Re…

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Euro Rates Rally Ahead of ECB Meeting as US Dollar Hit by Trade Wars

Euro Rates Rally Ahead of ECB Meeting as US Dollar Hit by Trade Wars

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Talking Points

– Talks of an imminent US recession have disappeared as the US Treasury yield curve has moved away from inversion territory.

– The April ECB meeting on Wednesday is giving traders a reason to lift Euro prices ahead of time.

– Retail traders are starting to change their tune on the US Dollar, and in turn, EURUSD may rally.

Looking for longer-term forecasts on the…

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Top 5 Occasions: February UK GDP & GBPJPY Price Outlook

Top 5 Occasions: February UK GDP & GBPJPY Price Outlook

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Speaking Factors:

– The February UK Industrial Manufacturing Manufacturing Manufacturing, and GDP are due on Wednesday at 08:30 GMT.

– Consensus forecasts anticipated UK industrial and manufacturing manufacturing to have contracted in February, and for GDP to come back in flat.

– Retail merchants have began shopping for the Canadian Greenback, with USDCADnet-shorts having risen…

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US Dollar Price Gains on US Jobs Report; US-China Trade War Update; Brexit Latest

US Dollar Price Gains on US Jobs Report; US-China Trade War Update; Brexit Latest

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Talking Points

– A continual reassessment of expectations around how the US economy performed in Q1’19 has filtered through into rate expectations evolving in a more supportive way for the US Dollar.

– As both American and Chinese officials talk in more optimistic tones, it appears that we’re in the final stages of the trade war talks.

– Retail traderscontinue to sell the US…

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Top 5 Events: March US Nonfarm Payrolls & EURUSD Price Outlook

Top 5 Events: March US Nonfarm Payrolls & EURUSD Price Outlook

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Talking Points:

– The March US Change in Nonfarm Payrolls report is due on Friday at 12:30 GMT.

– Markets are expecting the weak February print of 20K to be a one-off; consensus calls for 170K.

– Retail traders are selling the US Dollar, despite significant gains over the past week-plus.

Join me on Mondays at 7:30 EDT/11:30 GMTfor the FX Week Ahead webinar, where we discuss top…

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Top 5 FX Events: Third Brexit Vote & GBPJPY Price Outlook

Top 5 FX Events: Third Brexit Vote & GBPJPY Price Outlook

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Talking Points:

– The Brexit extension from March 29 to April 12 is contingent upon the UK parliament passing Prime Minister Theresa May’s Withdrawal Agreement.

– It’s possible that if the third vote to pass PM May’s Brexit deal fails, she will have to step down and call for a General Election.

– Retail traders are net-short GBPJPYand recent changes in positioning suggest a…

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US Dollar Techs, Fundamentals at Odds; Important Day for Gold

US Dollar Techs, Fundamentals at Odds; Important Day for Gold

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Speaking Factors

– The technical construction for the DXY Index has improved in latest days, however as we speak’s financial information upset considerably, handicapping US Dollar positive factors.

– Equally, the US-China commerce negotiations have seemingly reached one other deadlock, offering a contemporary lifeline for protected haven property just like the Japanese Yen and Gold.

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