Gold higher as Dollar weakens

Chris Beauchamp IG

The dollar's leg lower has provided gold with the fuel for another rally, says Chris Beauchamp, Chief Market Analyst at online trading platform IG.

Stocks drift ahead of big-name earnings

Tuesday has continued in a similar vein to Monday, with markets mostly treading water ahead of Tesla and Alphabet earnings, which promise to inject some volatility into the situation. Even the hints of fresh trade deals are not able to provide much excitement – investors would rather wait to see how things transpire after 1 August, and with markets at or near record highs in a number of cases the short-term risks at least appear skewed to the downside.

Gold hits four-week high

A renewed drop for the dollar is upon us once again, giving room for gold to leap higher. Tariff fears are never far below the surface, and gold remains one of the key ways to play this scenario. Early August may finally see gold hold on to $3500, after weeks of sideways trading.

Author

Chris Beauchamp

EUR/USD hovers around nine-day EMA above 1.1800

EUR/USD remains in the positive territory after registering modest gains in the previous session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index momentum indicator at 54 is edging higher, signaling improving momentum. RSI near mid-50s keeps momentum balanced. A sustained push above 60 would firm bullish control.

GBP/USD holds medium-term bullish bias above 1.3600

The GBP/USD pair trades on a softer note around 1.3605 during the early European session on Monday. Growing expectation of the Bank of England’s interest-rate cut weighs on the Pound Sterling against the Greenback.

Gold sticks to gains above $5,000 as China's buying and Fed rate-cut bets drive demand

Gold surges past the $5,000 psychological mark during the Asian session on Monday in reaction to the weekend data, showing that the People's Bank of China extended its buying spree for a 15th month in January. Moreover, dovish US Federal Reserve expectations and concerns about the central bank's independence drag the US Dollar lower for the second straight day, providing an additional boost to the non-yielding yellow metal.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Weekly column: Saturn-Neptune and the end of the Dollar’s 15-year bull cycle

Tariffs are not only inflationary for a nation but also risk undermining the trust and credibility that go hand in hand with the responsibility of being the leading nation in the free world and controlling the world’s reserve currency.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.