Gold Hovers at Major Support Ahead of NFP

Gold showed little reaction to Wednesday’s as-expected FOMC Statement, ending the day marginally lower. The Federal Open Market Committee voted unanimously to keep the target range for its benchmark rate at 1.75 percent to 2 percent andĀ upgraded its assessment of the U.S. economy to ‘strong’. The downtrend in gold began in April 2018 and price … Read more

Gold Falls to 7 Month Low As Dollar Firms on Rate Outlook

Gold sank to its lowest levels since December 11th of 2017 in early trading on Thursday. The yellow metal has been pressured by the hawkish stance of the Federal Reserve, a strong US dollar and a robust U.S. economy. On Tuesday the Trump administration announced a list of tariffs of 10 percent on $200 billion … Read more

USD/JPY Rallies to 6 Month Highs on Strong Inflation Data

The U.S. dollar continued to strengthen against the Japanese yen in early trading on Thursday, reaching fresh six month highs. On Wednesday USD/JPY rallied above the key psychological level of 112 for the first time since January 10th. USD/JPY was boosted by Wednesday’s better than expected U.S. inflation data, increasing the probability that the Federal … Read more

Gold Falls and Dollar Firms Amid Trade War Fears

Daily gold chart with US Dollar overlay On Tuesday the Trump administration announced a list of tariffs of 10 percent on $200 billion in Chinese goods, escalating the trade war between the world’s two largest economies. “For over a year, the Trump Administration has patiently urged China to stop its unfair practices, open its market, … Read more

The Why and How of Machine Learning in Trading

Dr. Ernest P. Chan explains the pros and cons of machine learning as a technique for creating trading strategies, and why its time has finally arrived. Also, a few tips on how to get started learning this technique. Dr. Chan is an expert in the application of statistical models and software for trading currencies, futures, … Read more