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xwteric
xwteric
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2021-08-05
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Gold Price Outlook: XAU Stumbles on Fed-Induced US Dollar Strength, NFPs Eyed
GOLD, US DOLLAR, XAU/USD, FED BETS, DEATH CROSS – TALKING POINTS Gold price stook hit after Fed’s C
Gold Price Outlook: XAU Stumbles on Fed-Induced US Dollar Strength, NFPs Eyed
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2021-08-05
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2021-08-05
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2021-08-05
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2021-08-05
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2021-07-30
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2021-07-30
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Oil falls but heads for strong weekly gain on demand growth
Both benchmark contracts were headed for gains of around 2% for the week. Oil pricesfell on Friday b
Oil falls but heads for strong weekly gain on demand growth
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11:22","market":"other","language":"en","title":"Gold Price Outlook: XAU Stumbles on Fed-Induced US Dollar Strength, NFPs Eyed","url":"https://stock-news.laohu8.com/highlight/detail?id=1179538570","media":"DailyFX","summary":"GOLD, US DOLLAR, XAU/USD, FED BETS, DEATH CROSS – TALKING POINTS\n\nGold price stook hit after Fed’s C","content":"<p><b>GOLD, US DOLLAR, XAU/USD, FED BETS, DEATH CROSS – TALKING POINTS</b></p>\n<ul>\n <li>Gold price stook hit after Fed’s Clarida fueled tightening bets</li>\n <li>Friday’s non-farm payrolls report likely vital to gold’s direction</li>\n <li>XAU/USDsees a possible Death Cross formation on the horizon</li>\n</ul>\n<p>Gold was on the run this week until it stumbled on a surge in the US Dollar. The Federal Reserve’s Vice Chairman, Richard Clarida, caused Fed rate hike bets to strengthen on Wednesday. Mr. Clarida’s commentary suggested that economic conditions are on track to strengthen considerably, so much so that a possible taper timeline announcement is likely warranted later this year. The seasoned economist did acknowledge the growing threat posed by the highly transmissible Delta variant.</p>\n<p>Still, market participants pushed the US Dollar higher as already hawkish Fed bets intensified. The Greenback’s strength dragged gold prices lower. The yellow metal typically weakens when the Greenback strengthens due to higher holding costs for foreign investors. Gold is also seen as an inflation hedge to some, although that function is still up for debate in many circles. Consider that true, however, and the accelerated view of Fed tightening likely works to the detriment of gold prices. That is because higher interest rates typically tame rising prices.</p>\n<p>The current focus for gold likely isn’t on inflation, though. Besides, the market has largely capitulated to the Fed’s transitory view on rising prices. The big driver on the horizon for gold prices, and markets overall, is this Friday’s non-farm payrolls report (NFPs). Analysts are expecting a print of 870k jobs for July. Given the Fed’s focus on the labor market, the data print relative to the consensus view will likely be vital to monetary policy bets. With this in mind, a better-than-expected NFP print is likely to weigh on gold prices by driving USD strength. Alternatively, a miss may benefit the yellow metal.</p>\n<h3><b>GOLD TECHNICAL OUTLOOK</b></h3>\n<p>XAU prices were looking higher earlier this week but failed to sustain above the 50- and 200-day Simple Moving Averages (SMA). The falling 50-day SMA has capped the upside over the past couple of weeks, and now a Death Cross appears to be on the horizon. That would likely put bearish technical pressure on gold and possibly drag it back below the psychologically imposing 1800 level.</p>\n<p><b>GOLD DAILY CHART</b><img src=\"https://static.tigerbbs.com/3d9506a0f4126957d013a1f5804f3c69\" tg-width=\"624\" tg-height=\"635\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created with TradingView</p>","source":"lsy1568971417606","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold Price Outlook: XAU Stumbles on Fed-Induced US Dollar Strength, NFPs Eyed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold Price Outlook: XAU Stumbles on Fed-Induced US Dollar Strength, NFPs Eyed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 11:22 GMT+8 <a href=https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/05/Gold-Price-Outlook-XAU-Stumbles-on-Fed-Induced-US-Dollar-Strength-NFPs-Eyed.html><strong>DailyFX</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GOLD, US DOLLAR, XAU/USD, FED BETS, DEATH CROSS – TALKING POINTS\n\nGold price stook hit after Fed’s Clarida fueled tightening bets\nFriday’s non-farm payrolls report likely vital to gold’s direction\nXAU...</p>\n\n<a href=\"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/05/Gold-Price-Outlook-XAU-Stumbles-on-Fed-Induced-US-Dollar-Strength-NFPs-Eyed.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/05/Gold-Price-Outlook-XAU-Stumbles-on-Fed-Induced-US-Dollar-Strength-NFPs-Eyed.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179538570","content_text":"GOLD, US DOLLAR, XAU/USD, FED BETS, DEATH CROSS – TALKING POINTS\n\nGold price stook hit after Fed’s Clarida fueled tightening bets\nFriday’s non-farm payrolls report likely vital to gold’s direction\nXAU/USDsees a possible Death Cross formation on the horizon\n\nGold was on the run this week until it stumbled on a surge in the US Dollar. The Federal Reserve’s Vice Chairman, Richard Clarida, caused Fed rate hike bets to strengthen on Wednesday. Mr. Clarida’s commentary suggested that economic conditions are on track to strengthen considerably, so much so that a possible taper timeline announcement is likely warranted later this year. The seasoned economist did acknowledge the growing threat posed by the highly transmissible Delta variant.\nStill, market participants pushed the US Dollar higher as already hawkish Fed bets intensified. The Greenback’s strength dragged gold prices lower. The yellow metal typically weakens when the Greenback strengthens due to higher holding costs for foreign investors. Gold is also seen as an inflation hedge to some, although that function is still up for debate in many circles. Consider that true, however, and the accelerated view of Fed tightening likely works to the detriment of gold prices. That is because higher interest rates typically tame rising prices.\nThe current focus for gold likely isn’t on inflation, though. Besides, the market has largely capitulated to the Fed’s transitory view on rising prices. The big driver on the horizon for gold prices, and markets overall, is this Friday’s non-farm payrolls report (NFPs). Analysts are expecting a print of 870k jobs for July. Given the Fed’s focus on the labor market, the data print relative to the consensus view will likely be vital to monetary policy bets. With this in mind, a better-than-expected NFP print is likely to weigh on gold prices by driving USD strength. Alternatively, a miss may benefit the yellow metal.\nGOLD TECHNICAL OUTLOOK\nXAU prices were looking higher earlier this week but failed to sustain above the 50- and 200-day Simple Moving Averages (SMA). The falling 50-day SMA has capped the upside over the past couple of weeks, and now a Death Cross appears to be on the horizon. That would likely put bearish technical pressure on gold and possibly drag it back below the psychologically imposing 1800 level.\nGOLD DAILY CHARTChart created with 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11:29","market":"other","language":"en","title":"Oil falls but heads for strong weekly gain on demand growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1158304787","media":"FOX Business","summary":"Both benchmark contracts were headed for gains of around 2% for the week.\nOil pricesfell on Friday b","content":"<p><i><b>Both benchmark contracts were headed for gains of around 2% for the week.</b></i></p>\n<p>Oil pricesfell on Friday but were on track to post solid gains for the week with demand growing faster than supply, while vaccinations dampen the impact of a resurgence incoronaviruscases worldwide.</p>\n<p>Brent crude futures fell 40 cents, or 0.5%, to $75.65 a barrel by 0151 GMT, following a 1.75% jump on Thursday. U.S. West Texas Intermediate (WTI) crude futures fell 38 cents, or 0.5%, to $73.24 a barrel, whittling down a 1.7% rise from Thursday.</p>\n<p>Both benchmark contracts were headed for gains of around 2% for the week, buoyed by indications of tight crude supplies and strong demand in the United States, the world's biggest oil consumer.</p>\n<p>\"We've got stronger prices for a bit longer now, because it's a fundamental supply-demand issue in terms of the recovery in demand we're seeing in places like the United States,\" said Justin Smirk, senior economist at Westpac.</p>\n<p>U.S. crude and gasoline inventories fell sharply in the latest week, with crude stocks at Cushing at their lowest since January 2020, reflecting strong demand growth. ANZ analysts noted even jet fuel consumption in the country had hit its highest level since March 2020.</p>\n<p>Even with coronavirus cases rising in the United States, all around Asia and parts of Europe, analysts said rising vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.</p>\n<p>\"I think the risks of the large shutdowns we saw last year are much lower,\" Smirk said.</p>\n<p>Analysts point to a rapid rebound in India's gasoline consumption and industrial production following its COVID-19 surge earlier this year as a sign that economies are more resilient to the pandemic.</p>\n<p>\"Yes, Delta is a risk, but is it going to derail demand growth in the second half? We may not see that,\" said Commonwealth Bank commodities analyst Vivek Dhar.</p>\n<ul></ul>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil falls but heads for strong weekly gain on demand growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil falls but heads for strong weekly gain on demand growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-30 11:29 GMT+8 <a href=https://www.foxbusiness.com/markets/oil-falls-but-heads-for-strong-weekly-gain-on-demand-growth><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Both benchmark contracts were headed for gains of around 2% for the week.\nOil pricesfell on Friday but were on track to post solid gains for the week with demand growing faster than supply, while ...</p>\n\n<a href=\"https://www.foxbusiness.com/markets/oil-falls-but-heads-for-strong-weekly-gain-on-demand-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.foxbusiness.com/markets/oil-falls-but-heads-for-strong-weekly-gain-on-demand-growth","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158304787","content_text":"Both benchmark contracts were headed for gains of around 2% for the week.\nOil pricesfell on Friday but were on track to post solid gains for the week with demand growing faster than supply, while vaccinations dampen the impact of a resurgence incoronaviruscases worldwide.\nBrent crude futures fell 40 cents, or 0.5%, to $75.65 a barrel by 0151 GMT, following a 1.75% jump on Thursday. U.S. West Texas Intermediate (WTI) crude futures fell 38 cents, or 0.5%, to $73.24 a barrel, whittling down a 1.7% rise from Thursday.\nBoth benchmark contracts were headed for gains of around 2% for the week, buoyed by indications of tight crude supplies and strong demand in the United States, the world's biggest oil consumer.\n\"We've got stronger prices for a bit longer now, because it's a fundamental supply-demand issue in terms of the recovery in demand we're seeing in places like the United States,\" said Justin Smirk, senior economist at Westpac.\nU.S. crude and gasoline inventories fell sharply in the latest week, with crude stocks at Cushing at their lowest since January 2020, reflecting strong demand growth. ANZ analysts noted even jet fuel consumption in the country had hit its highest level since March 2020.\nEven with coronavirus cases rising in the United States, all around Asia and parts of Europe, analysts said rising vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.\n\"I think the risks of the large shutdowns we saw last year are much lower,\" Smirk said.\nAnalysts point to a rapid rebound in India's gasoline consumption and industrial production following its COVID-19 surge earlier this year as a sign that economies are more resilient to the pandemic.\n\"Yes, Delta is a risk, but is it going to derail demand growth in the second half? We may not see that,\" said Commonwealth Bank commodities analyst Vivek Dhar.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1892,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806084397,"gmtCreate":1627617214519,"gmtModify":1631890834834,"author":{"id":"3568711795455809","authorId":"3568711795455809","name":"xwteric","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568711795455809","authorIdStr":"3568711795455809"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/806084397","repostId":"2155908138","repostType":4,"isVote":1,"tweetType":1,"viewCount":808,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}