GC=F - Gold Jun 20
| Pre. Settlement | N/A |
| Settlement date | 2020-06-26 |
| Open | 1,680.50 |
| Bid | 1,737.30 |
| Last price | 1,752.80 |
| Day's range | 1,676.50 - 1,754.50 |
| Volume | 205,644 |
| Ask | 1,741.00 |
- Coindesk
First Mover: As Fed Assets Top $6T, BitMEX Has Some Inflation-Busting Advice
The Federal Reserve has opened its lender-of-last-resort spigot and, with unemployment spiking, inflation is on the way. What are your options?
- FX Empire
GBP/USD Daily Forecast – Fed’s $2.3 Trillion Program Puts Pressure On The U.S. Dollar
Major liquidity injection from the U.S. Federal Reserve helps British pound gain ground against the U.S. dollar.
- Coindesk
Profit-Taking Keeps Bitcoin in Tight Range as Fed Reopens Spigot
Bitcoin and ether fell slightly Thursday as traditional markets climbed on additional stimulus measures by the U.S. Federal Reserve and Bank of England.
- FX Empire
Natural Gas Price Prediction – Prices Drop Following Inventory Report
Inventories grew by 38 Bcf
- FX Empire
This AI Trading System is Telling Us Where Stocks are Headed
In this section of our multi-part research post centered around our Adaptive Fibonacci Price Modeling system’s expectations, we are focusing on the NQ (NASDAQ futures) and the future expected price rotations.
- Coindesk
Bitcoin Garners New Users as Governments Flood World With Fiat
Thousands of new users are turning to bitcoin, according to Kraken and other exchanges, over fears that government stimulus will lead to inflation.
- FX Empire
Gold Price Prediction – Prices Rally on Fed New Facility
Gold prices surged higher on Thursday following an announcement by the Federal Reserve that they would increase their programs to support small businesses. Yields moved lower helping to buoy the yellow metal after the Labor Department reported a larger than expected increase in US jobless claims. This is the 3-straight multi-million person increase in initial jobless claims pushing continuing claims to an all-time high.
- FX Empire
U.S. Dollar Index (DX) Futures Technical Analysis – 99.245 – 98.130 Controls Near-Term Direction
The main trend is up according to the main trend indicator. However, the formation of a secondary lower top suggests momentum may be shifting to the downside.
- FX Empire
Gold Price Futures (GC) Technical Analysis – Overcoming $1768.00 Puts Gold in Extremely Bullish Position
The next upside target is a steep uptrending Gann angle at $1768.00. Crossing to the strong side of this Gann angle and sustaining the move will put the market in an extremely bullish position.
- FX Empire
Crude Oil Price Update – Sellers Stop Rally at $27.99 – $30.04 Retracement Zone
Based on the early price action and the current price at $26.10, the direction of the May WTI crude oil market the rest of the session on Thursday is likely to be determined by trader reaction to the downtrending Gann angle at $26.20.
- FX Empire
Silver Price Forecast – Silver Markets Test Highs
The silver markets rallied significantly to test the $16.00 level again on Thursday as the Federal Reserve has decided to start buying almost anything they can. This even includes junk bonds which of course is a sign that the US dollar should soften.
- FX Empire
Crude Oil Price Forecast – Crude Oil Markets Get Bank Gains Waiting for OPEC
The crude oil markets rallied a bit during the trading session on Thursday, but then rolled over to show signs of weakness. As the world awaits the OPEC decision, news is getting out that perhaps the cut wasn’t as deep as people had hoped.
- Investing.com
Fed Bazooka Gives Gold New Firepower Beyond $1,700
Fed Chairman Jay Powell aimed a $2.3 trillion bazooka at the jobs-killing virus and shot gold to an eight-year high. Gold futures for June delivery on New York’s COMEX settled up a whopping $70.80, or 4.2%, at $1,736.20 per ounce. Spot gold, which tracks live trades in bullion, trailed the highs in futures, probably because of the scarcity in physical gold.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Set Up for Bearish Closing Price Reversal Top
Based on the early price action and the current price at 8220.50, the direction of the June E-mini NASDAQ-100 Index the rest of the session on Thursday is likely to be determined by trader reaction to the uptrend Gann angle at 8016.00 and the major 50% level at 8304.75.
- FX Empire
GBP/USD Price Forecast – British Pound Pressing Major Resistance Barrier Again
The British pound continues to press the crucial 1.25 handle, an area that of course has been massive resistance as of late. The 61.8% Fibonacci retracement level lays there as well, but you should keep in mind that the Federal Reserve has suddenly announced that they are willing to buy just about anything.
- FX Empire
GBP/JPY Price Forecast – British Pound Breaks Out Against Japanese Yen
The British pound has broken out against the Japanese yen during trading on Thursday as massive liquidity injections by the Federal Reserve has the market in a good mood.
- FX Empire
EUR/USD Price Forecast – Euro Continues to Chop Back and Forth With Positive Thursday
The Euro rally during the day on Thursday, reaching towards the 1.09 level and even breaking above there. Ultimately, this is a market that has continued to be very difficult to deal with the times.
- FX Empire
E-mini S&P 500 Index (ES) Futures Technical Analysis – Strengthens Over 2786.00, Weakens Under 2765.50
Based on the early price action and the current price at 2766.25, the direction of the June E-mini S&P; 500 Index the rest of the session on Thursday is likely to be determined by trader reaction to 2765.50 to 2786.00.
- FX Empire
GBP/USD Daily Forecast – U.S. Initial Jobless Claims Are In Spotlight Again
GBP/USD is flat ahead of the most intriguing economic release of the week.
- Financial Times
Gold bugs vindicated by coronavirus rally
Kevin Kelly, a former Air Force fighter pilot in Scottsdale, Arizona, has been telling anyone who would listen since 2008 to buy gold and silver in preparation for the next crisis. Dismissed as “gold bugs” by many mainstream investors, those who have long advocated buying gold have been vindicated this year, as prices have risen 9 per cent while stocks have dropped 20 per cent after the coronavirus outbreak. Last month, analysts at Goldman Sachs argued it was “time to buy the currency of last resort”, saying gold could hit $1,800 a troy ounce from its current price of about $1,650 due to “fear-driven investment demand”.
- Coindesk
Top Cryptos Edge Up as Derivatives Data Suggests Newfound Risk Aversion Among Traders
Bitcoin and ether climbed modestly late Wednesday as lighter crypto derivatives volumes signaled uncharacteristic caution among the market’s traders.
- FX Empire
Natural Gas Price Prediction – Prices Slump Ahead of Inventories Release
Inventories are expected to rise by 28 bcf
- FX Empire
SP 500 Price Forecast – Stock Market Surge on Wednesday
The S&P; 500 rallied a bit during the trading session on Wednesday, reaching towards the top of the shooting star from the previous session. The question now is whether or not it can take out the top of that shooting star?
- FX Empire
Crude Oil Price Forecast – Crude Oil Markets Quiet While Waiting For OPEC
The crude oil markets were very quiet on Wednesday as you would expect, with the OPEC members and several other countries having a teleconference on Thursday. Quite frankly, by the time the day into on Thursday, we should have a much clearer idea of where price goes next.
