USD strength beats down Gold prices

Note: This section contains information in English only.
Source: Dukascopy Bank SA


At mid-day on Wednesday, the price of gold started a decline, which by the middle of Thursday's European trading had extended by more than 3.00% when the commodity price hit the $1,750.00 level.

The decline was attributed to the continuous strengthening of the US Dollar.

Namely, on Wednesday at 12:30 GMT, the Empire State Manufacturing Index came in at 34.3 instead of the forecast 18.1. US Crude Oil Inventories at 14:30 revealed a US inventories drop of 6.4 million instead of forecast 3.6 million. This caused an upwards move in oil prices, which in turn boosts the demand for the USD, as oil is traded in US Dollars.

Afterwards, on Thursday, much better than expected US Retail Sales caused another all-out surge of the USD. Core Retail Sales were published to be +1.8% instead of -0.1% and the Retail Sales were +0.7% instead of expected -0.7%.
Back to articles

Actual Topics

Fri, 17 Sep 2021 06:43:35 GMT

Ping An Insurance plummets

At the start of Friday's trading, the stock price for Ping An Insurance, 2318.HK, dropped by more than 8.50%. However, no news that could have caused the drop were spotted on news agency feeds. Ping An Insurance (Group) Co. of China Ltd. engages in the provision of financial products and services. It operates through the following segments: Insurance, Banking, Trust,

Wed, 15 Sep 2021 16:28:10 GMT

Crude oil continues to surge

On Wednesday, crude oil prices continued to surge, as the price for US Light crude oil reached above the $73.00 level. Since Tuesday, 17:00 GMT, the price had gained more than 4.20%. Crude oil prices have been surging since August 22. Since that day the price for oil has increased by more than 18.00%. Global market analysts attribute the surge

Subscribe to "Fundamental Analysis" feed

تسجيل
كي تعرف المزيد عن منصة تداول دوكاسكوبي بنك للعملات وعقود الفروقات ومعلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول التعاون العملي المحتمل,
يرجى الاتصال بنا او ترك طلب لاعادة الاتصال
للمزيد من المعلومات حول منصة تداول الفوركس\الخيارات الثنائية, السوق السويسري للفوركس و اي معلومات اخرى تتعلق بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
كي تعرف المزيد عن منصة تداول دوكاسكوبي بنك للعملات وعقود الفروقات ومعلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول منصة تداول العملات المشفرة\عقود الفروقات\الفوركس, السوق السويسري للفوركس و اي معلومات اخرى تتعلق بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات عن الوسطاء المعرفين واي معلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول التعاون العملي المحتمل,
يرجى الاتصال بنا او ترك طلب لاعادة الاتصال