Filtered by date: 24.06.2020. Clear
  • Gold’s Renewed Momentum Hints Markets are Worried about US Inflation

    Gold’s renewed momentum was one of the most notable market events this week, sending price to a new 2020 high: It looks like bulls and bears argued for two months about the direction as the price stalled in the range between key levels of $1680 – $1745. Finally, sellers capitulated. Last month, around May 18, […]

  • US Manufacturing Still Soft In June

    June PMIs Underperform Following a strong set of Eurozone and UK manufacturing readings yesterday, which both beat expectations, the US bucked the trend. The flash manufacturing PMI reading for June printed 49.6 which, while it still marked a solid improvement from the prior month’s 39.8 reading, it was below the expected 50 level and means […]

  • Chart of The Day XAUUSD (Gold)

    Chart of the Day XAUUSD (Gold) XAUUSD (Gold) Potential Reversal Zone – Probable Price Path Is the US-China Phase 1 trade deal on or off – that is the question. Markets nearly had a heart attack when White House adviser Peter Navarro said in a Fox News interview that “it’s over”, but this was quickly […]

  • UK Data Recovers Sharply In June

    The British Pound has seen higher levels of demand over the last 24 hours in the wake of a strong set of flash PMI data sets for June. The HIS Markit/Cips data showed a firm rebound in both the factory and services sectors with the manufacturing reading returning to growth for the first time since […]

  • Daily Commodity Outlook, June 24 2020

    Stocks in Asia were mixed on Wednesday after the S & P 500 closed well off its earlier 1.2% gain on reports of a surge in cases in several hotspots in the South and Southwest of the U.S.. These rising cases could indicate that there’s a possibility that plans to ramp up openings could be […]

  • Daily Market Outlook, June 24, 2020

    Daily Market Outlook, June 24, 2020  Sentiment was mixed during the Asian market session. Yesterday’s PMI reports reaffirmed expectations of a global economic recovery at least in the near term. However, reports of rising Covid-19 cases in parts of US, including Texas, Florida and California, weighed on risk appetite. Elsewhere, the Reserve Bank of New […]

  • Tickmill’s Investing Diva, USDCHF Daily Outlook 24-06-20

    USDCHF Daily Outlook – On Tuesday Nasdaq hit a record high and the Dow jumped 100 points in the US, Flash Eurozone Manufacturing PMI came in at 46.9 vs. 39.4 in May, and New Zealand kept its interest rate unchanged as expected. Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest […]