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Gold Rebounds as Stocks Retreat- Is It Time to Buy?

Gold Rebounds as Stocks Retreat- Is It Time to Buy?

3:55am today (Michael Boutros, Currency Strategist)

Gold posted a modest recovery this week with the precious metal advancing 2.12% after last week’s 6% decline to trade at $1388 at the close of trade in New York on Friday. »

Australian Dollar May Have Scope to Rise Amid Profit-Taking

Australian Dollar May Have Scope to Rise Amid Profit-Taking

3:50am today (Ilya Spivak, Currency Strategist)

The Australian Dollar continued to slide last week – yielding the worst performance among the major currencies against its US namesake – as shifting monetary policy expectations undermined demand for the high-yielder. »

Japanese Yen Correction to Be Limited- BoJ Rhetoric in Focus

Japanese Yen Correction to Be Limited- BoJ Rhetoric in Focus

3:44am today (David Song, Currency Analyst)

The Japanese Yen bounced back against its U.S. counterpart, with the USDJPY tagging a weekly low of 100.82, and the near-term pullback may turn into a larger correction as the Bank of Japan (BoJ) appears to scaling back its aggressive approach in achieving the 2% target for inflation. »

Dollar Could Surge as Markets on the Brink of Something Big

Dollar Could Surge as Markets on the Brink of Something Big

3:35am today (David Rodriguez, Quantitative Strategist)

It was shaping up to be a banner week for the US Dollar as the Dow Jones FXCM Dollar Index (ticker: USDOLLAR) powered to fresh multi-year highs, but the suddenly-resurgent Japanese Yen stole the spotlight as it posted its largest weekly gain since August, 2011. »

Forex: Pivotal Time for Markets Next Week as USD/JPY, S&P 500 Toe Cliff Edge

Forex: Pivotal Time for Markets Next Week as USD/JPY, S&P 500 Toe Cliff Edge

3:06am today (John Kicklighter, Chief Currency Strategist)

A sharp pullback from the S&P 500 and the biggest weekly drop from USDJPY in nearly three years this past week has put the markets on edge. »

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