Why The USD Uptrend May Slow – Barclays
There are two reasons why analysts at Barclays expect the U.S. dollar uptrend to slow down. “Firstly, the USD rally may have a more disinflationary impact on the US economy,” they said in a report released Wednesday. “Given our view that the USD appreciation is likely to come primarily from outside Asia, mainly from a weaker EUR and EMEA FX, we may see a more significant pass-through from a stronger USD into US inflation this time around,” they added. Secondly, the analyst said the world should continue to benefit from cheap liquidity for years to come, using the European Central Bank’s easing measures as an example, which could hurt the dollar.
Eurozone Recovery Lies In Germany’s Hands – Nouriel Roubini
(Kitco News) – Although the European economy has gotten a boost from lower oil prices and a weaker euro, one famed economist says there are still many challenges to be faced to ensure a sustainable recovery, and Germany may be the key.
Read moreMore than 50% of Americans Think Tax System Needs An Overhaul – Pew Research
With Tax Day just two weeks away, Americans will have much to say about the tax system, and one research firm finds that more than half think the Federal Tax system is in need of a complete overhaul.
Read moreU.S. Weekly Jobless Claims Fall To 268K
(Kitco News) – First-time weekly jobless claims in the U.S. fell by 20,000 to a seasonally adjusted 286,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Sees Corrective Pullback Following Solid Gains Wednesday
Gold prices are modestly lower in early U.S. trading Thursday, on a downside technical correction from the sharp gains seen Wednesday.
Read moreThe 6 PM Recap
it seems that equities fell because of yet more mixed data coming from the American economy
Read moreGold Sees Solid Gains on Weak U.S. Data, Bullish Outside Markets
Gold prices ended the U.S. day session sharply higher Wednesday, boosted on heavy short covering in the futures market and bargain hunting on the spot (cash) market. Some downbeat U.S. economic data also propelled gold and silver prices to the upside. Bullish “outside market” forces further worked in favor of the precious metals bulls on this day, as the U.S. dollar index was lower and crude oil prices were sharply higher. June Comex gold was last up $21.70 at $1,204.90 an ounce. May Comex silver was last up $0.357 at $16.955 an ounce.
GLD Gold Reserves Show Net Positive Investment Flows In Q1
(Kitco News) – Investor demand for gold ended the first quarter of 2015 in positive territory, despite significant declines in March, according to the latest data from SPRD Gold Shares (NYSE: GLD), the world’s biggest gold-backed exchange-traded product (ETP).
Charts Signal Short-Term Squeeze For Gold – Barclays
In a research note Wednesday, Barclays analysts are calling for a short-term boost in gold, however the overall momentum remains bearish for the metal. “Gold base candle signals near-term upside squeeze towards 1223/1246 where we look for signs of a top,” says Lynnden Branigan, vice president of technical research at the bank. According to Branigan, support levels for gold stand between $1,159-1,178 an ounce. “Above the 1223 area would open better levels to sell towards 1246,” he says. “The 1310 area helps keep overall focus lower,” he adds.
Gold Prices Start Q2 With Push Above $1,200 Following Weaker U.S. Data
(Kitco News) – Two weaker-than-expected economic reports Wednesday has helped gold start the second quarter off on a strong footing, pushing prices briefly above $1,200 an ounce.
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