Category

Precious Metals

Global Market

World Financial Markets Still Impacted By Dovish ECB Meeting

World stock markets were mostly firmer overnight, on generally upbeat corporate earnings that were reported late this week. U.S. stock indexes are pointed toward firmer openings when the New York day session begins.

Gold prices are slightly lower and hit a three-week low overnight, amid a lack of risk aversion in the marketplace. Gold and silver bears have downside technical momentum.

The currency markets are still feeling the effects of Thursday's European Central Bank monetary policy meeting, which resulted in no interest rate changes from the ECB.

Global Market

Many World Markets On Hold Ahead of ECB Meeting Results

World stock markets were mixed in quieter trading overnight. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins. Stock markets and other financial markets are on hold as traders and investors are awaiting the key markets event of the week: Thursday's European Central Bank regular monetary policy meeting. Many expect the ECB to announce more details on the winding down of its big bond-buying program.

The Euro currency could see volatile price action in the immediate aftermath of the ECB meeting, including ECB Chief Mario Draghi's press conference.

Gold prices are near steady in pre-U.S.-session trading. The yellow metal bears still have technical momentum on their side.

Global MArket

Global Equity Markets See Some Pressure From Downbeat Corporate Earnings

World stock markets were mostly weaker in overnight trading, pressured a bit by some downbeat corporate earnings reports. Japan's Nikkei stock index saw its record-setting 16-session winning streak halted Wednesday. U.S. stock indexes are pointed toward modestly lower openings when the New York day session begins.

Gold and silver prices are lower and hit a three-week low overnight. The bears have downside technical momentum in these two precious metals markets.

In overnight news, the U.K. GDP was reported up 0.4% in the third quarter and up 1.5%, year-on-year, which was a bit better than market expectations.

Global Market

World Equity Markets Firmer, But Subdued As China's Party Congress Convenes

World stock markets were mostly firmer overnight, but in quieter trading. U.S. stock indexes are pointed toward firmer openings when the New York day session begins. The U.S. stock indexes are at record highs this week. Hopes for tax cuts in the U.S. are helping to lift the U.S. stock market.

Gold prices are weaker again in pre-U.S.-day-session trading. The bears have gained some downside technical momentum this week. A higher U.S. dollar index this week is also working against the gold and silver bulls.

The geopolitical scene has been quieter the past couple weeks and that's allowed world trader/investor risk appetite to uptick, which is bullish for the stock markets and bearish for safe-haven gold.

Global Market

Global Equities See Corrective Pullbacks; Risk Aversion Still Low

World stock markets were mostly weaker overnight, on corrective pullbacks from recent gains that have put many stock indexes at record or multi-year highs. U.S. stock indexes are narrowly mixed in early U.S. electronic trading. Focus so far this week is on corporate earnings reports.

Gold prices are solidly lower in pre-U.S.-session trading. The geopolitical scene has been quieter the past couple weeks and that's allowed world risk appetite to uptick, which is bearish for safe-haven gold.

In overnight news, consumer prices in the U.K. hit a five-year high in September, at up 3.0%, year-on-year.

Global Market

Global Stock Markets Mostly Firmer; China's Party Congress Meetings On Deck

World stock markets were mostly firmer overnight. Many world stock indexes are at or near record or multi-year highs. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins.

Gold prices are modestly up and poked to a three-week high overnight. The yellow metal bulls have the near-term technical advantage, which means the path of least resistance for prices will be sideways to higher in the near term.

China this week starts its twice-a-decade Party Congress meetings, in which major economic and cultural planning initiatives are laid out for the next five years.

Global Market

World Markets Quieter On Last Trading Day Of Week, Month, Quarter

World stock markets were mostly firmer in quieter trading overnight. A lack of major news developments in the marketplace late this week is keeping equities subdued. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins.

Gold prices are firmer today on short covering in the futures market and bargain hunting in the cash market, following this week's selling pressure.

Friday is the last trading day of the month and of the quarter, which makes it an extra special day from a charting perspective.

Global Market

Global Equities Mostly Up On Ideas Of Better World Economic Growth

World stock markets were mostly firmer overnight, on hopes that a U.S. corporate tax-reform plan will boost economic growth not only in the U.S. but around the globe. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.

Gold prices are slightly lower and hit a six-week low overnight. Better risk appetite in the marketplace this week, as well as a rallying U.S. dollar index, are bearish for the safe-haven metal.

World bond market yields are on the rise this week, on ideas that better world economic growth will prompt the major central banks to become less accommodative on their monetary policies.