Weekly View

GOLD

Can Uyanık  |  December / 4. Week
European markets have been a little more subdued this afternoon, as it begins to feel like yesterdays Fed announcement was the unofficial end to the year for traders. However despite that we have seen some fairly sharp moves on some markets which has caused some mild interest in terms of volume figures. Gold prices have fallen sharply into the afternoon session as yet more US dollar strength followed on from yesterday’s rate decision. The US dollar most definitely seems like the most attractive proposition at the moment after a week of big data that has been very much dollar positive and not just in the short term.

Today’s session has seen miners yet again take a big hit, but it’s been Rangold Resources that have seen the biggest hit after the gold price fall, gold fell from highs of $1,077 yesterday to lows of $1,048 at the start of today’s US trading session. UK retail sales were released at 9.30am this morning and expectations were for the numbers to slip lower as many consumers waited for Black Friday deals but failed to follow through with the huge bulk of spending that was expected. However that did not materialise and the numbers came in massively better than expected with the headline YoY and MoM numbers for November climbing to 5% and 1.7% respectively vs 3% and 0.5% expectations. The move will be seen as good news for retailers as we await numbers in January for the key festive period. Retail sales are also a key barometer for the strength of the economy as they show behavioural patterns of consumers when they do put their hand in their pockets. There are two things you need for a strong economy, spending and lending, and it seems that the first one is looking very healthy as the year comes to an end.

Data out of the US also showed an improvement in the US weekly figures as the initial jobless claims printed at 271K vs 275K expected. Overall though it does feel like markets had been gearing up for the Fed and now that it’s over the market is taking a collective sigh of relief. The repercussions of the rate hike can wait until the new year as we still very much have to wait and see what the reaction will be on the already struggling emerging markets. Equities continued the move higher after previously ending an 8 day losing streak. Janet Yellen may well have kicked off the Santa Rally a few days early and now traders can move to Christmas with a Fed shaped full stop at the end of the year. However one thing we must remember is that as volume drops for Christmas, volatility increases so be prepared for some moves in the next 5 days.

Other Weekly Views

  • Weekly Overview
    Sera Akinci  |  July / 5. Week

    The US Dollar continues to stay near 13 month lows after FED’s statement as it sparked more uncertainty regarding the possibility of a 3rd interest rate hike in 2017.

  • Friday Overview
    Sera Akinci  |  June / 4. Week

    Today’s main changes affected commodity prices, in which gold prices rose by 0.78% to 1,259.15 at 13:08pm GMT.

  • Strong Dollar and Shaky Sterling
    Sera Akinci  |  June / 2. Week

    This week, the Foreign exchange markets have waded through some boisterous events such as a Capitol Hill appearance by fired FBI boss James Comes, the UK election and a European Central Bank meeting.

  • Overview of the Markets Ahead of the US Jobs Data Announcement
    Sera Akinci  |  June / 1. Week

    The US dollar has hit its one-week high against the Japanese Yen (JPY) and stocks have been moving from strength to strength ahead of the US jobs data release, while most stocks have also seen a rise.

  • Friday Overview of the Global Markets
    Sera Akinci  |  May / 4. Week

    The S&P 500 and NASDAQ closed at record highs yesterday

  • Friday Overview of the Global Markets
    Sera Akinci  |  April / 5. Week

    the investors were further dissatisfied by the lack of new details given about the tax reform plan as well as any possible tax changes which needed an approval by the House of Senate.

  • U.S. NFP Announcement and Friday Overview
    Sera Akinci  |  April / 2. Week

    The US monthly non-farm payroll announcement was less than expected.

  • Friday Overview of the Global Markets
    Sera Akinci  |  April / 2. Week

    the global equities and the US equity index futures markets hit a couple of bumps in the road.

  • Friday Overview of the Global Markets
    Sera Akinci  |  March / 4. Week

    Asian markets hold their breath today, after the delay of the US vote on a healthcare bill.

  • Will we see more gains for US equities?
    GKFX Team  |  February / 4. Week

    Markets have yet again had a mixed week with US equities rallying to help the Dow post 10 consecutive record closes for the first time in 31 years.

  • How to Trade Trump This Week
    GKFX Team  |  February / 3. Week

    It’s been a busy week yet again with big moves on many of the major markets, and yet again a lot of these moves have been generated by the uncertainty created by President Trump and the latest news out of his administration.

  • The 2 big things to watch next week
    GKFX Team  |  February / 2. Week

    It’s been a quiet week for markets with the only real data coming on Thursday and Friday as the UK and US finally saw some data on the docket.

  • What Will the Markets Focus on This Week?
    GKFX Team  |  February / 1. Week

    It was an incredibly busy week last week for economic data with central bank meetings from the Bank of Japan, Bank of England and of course the Fed later in the week.

  • Will the FED Raise Rates? Will Apple Earnings Boost the Market?
    GKFX Team  |  January / 5. Week

    It’s an incredibly busy week this week for global markets as we look ahead to big earnings and economic data.

  • After Brexit and Trump, can the markets now relax?
    GKFX Team  |  January / 3. Week

    It’s been a big week on global markets with Brexit, Donald Trump’s inauguration huge swings in US markets and the ECB, but can we now all move on?

  • Trump Inauguration and earnings dominate the week
    GKFX Team  |  January / 2. Week

    It’s the Trump Dump that is now dominating markets into Friday’s session after the President Elect’s news conference caused the US dollar to finally unwind some of the upside that has seen a lot of the US dollar majors break through long term support and resistance levels.

  • Weekly market overview – 11/01/2016
    Can Uyanık  |  January / 3. Week

    2nd week January 2015

  • After  FED decision GOLD
    Aziz Karayel  |  December / 4. Week

    FED’s interest rate

  • The Santa Rally
    SERHAN ERTEM  |  December / 4. Week

    Markets rebound early on after Friday losses

  • SP500
    SERHAN ERTEM  |  December / 3. Week

    Stocks Surge, Dollar Unsure after Dovish Fed Hike

Show More Other Weekly Views

Sentiment

Open a Demo Account Open A Live Account

Losses can exceed deposits

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com