Showing posts with label Events. Show all posts
Showing posts with label Events. Show all posts

Monday, 7 May 2018

Gold prices could test the top end of their range

gold  is gold

Although gold prices could test the top end of their range, around $1,350 an ounce, as the market finds support from disappointing labor market data and escalation of trade war rhetoric between the U.S. and China, analysts are not expecting to see a breakout anytime soon.
“I think we could see gold prices push higher by $10 or so but ultimately, interest rate expectations are firmly in place and that will support the U.S. dollar and weigh on gold,”
Gold prices are ending the week stuck firmly in the middle of its near-term trading range; June gold futures last traded at $1,334 an ounce, up 0.5% since last Friday.
For now, analysts are watching near-term resistance between $1,355 and $1,360 an ounce with a break of that level signaling a move to the 2016 high at $1,375 and then the push to $1,400 an ounce.
On the downside, many technical analysts say that gold remains in an uptrend as long as prices can hold critical support at $1,300 an ounce. In the near-term analysts are watching initial support at $1,325 an ounce.

Emmkay

Sunday, 6 May 2018

Events for next weak which make impact on movement of Gold and USD



important event for next weak which make impact on movement of  Gold and USD and metal commodity next week.


Monday, May 7


Australia is to release data on business confidence.

Financial markets in the UK will be closed for a holiday.

Tuesday, May 8


Australia is to publish data on retail sales.

China is to report on trade figures.

Fed Chair Jerome Powell is to speak at an event in Zurich, Switzerland.

The UK is to release industry data on house price inflation.

Wednesday, May 9


Canada is to report on building permits.

The U.S. is to release data on producer price inflation.

Thursday, May 10


The Reserve Bank of New Zealand is to announce its benchmark interest rate and publish a rate statement which outlines economic conditions and the factors affecting the monetary policy decision.

China is to release inflation data.

The UK is to produce data on industrial production and trade. Meanwhile, the Bank of England is to announce its latest monetary policy decision and publish what will be a closely watched rate statement.

The U.S. is to release reports on consumer price inflation and initial jobless claims.


Friday, May 11


Canada is to publish its monthly employment report.

ECB President Mario Draghi is to speak at an event in Florence.

The U.S. is to round up the week with preliminary data on consumer sentiment.