#Gold

G-10 and EM currencies yield to dollar demandThe recent rise in US yields is responsible for crystallising USD strength, and this appears to have been accentuated by comparatively strong data flow in the US. But next week’s  US Trade Roadshow to China, which includes...
EuropeIt’s been a day of two halves for European equity markets today with the German DAX making a two month high, at around the same time the euro made a two month low, before retreating on the back of a rebound in the single currency in...
Europe:It’s been a fairly lacklustre start to the week for markets in Europe today, though the weak pound has helped the FTSE100 and FTSE250 push up to their highest levels since early February. An easing of geopolitical tension has also helped on the margins,...
Gold prices edged down early on Friday as global political tensions eased, but expectations for rising inflation supported demand for the safe-haven asset."Uncertainty has decreased somewhat. Geopolitical worries, trade risk have moved to the background," said commodity strategist Georgette Boele at ABN AMRO in Amsterdam.Spot gold...
US  stock market had its first loss of the week as technology companies and consumer products went south.Overall earnings were quite bullish for markets, but there are the usual post earnings pessimism permeating  markets that this is about as good as its going to...
Stocks are mixed today as there has been to change to the global outlook.EuropeThere is has been little in the way of macroeconomic news to jolt the markets one way or another, and for now volatility is sliding.Debenhams revealed an 85% drop in pre-tax profits,...
Commodities stole the show overnight led by WTI which soared to a three year on the DOE report while industrial metals catapulted higher on the likelihood that an extension of Russian sanctions will hit like a sledgehammer at the heart of the nation’s mining...
Stocks are sliding as we approach the end of the trading day.EuropeThere was a sense of caution in the morning session, but nerves have now set in for most traders. The global political situation continues to look bleak, and traders are taking cash out...
Gold has edged higher in the Friday session, after sharp losses in Thursday trade. In the North American session, the spot price for an ounce of gold is $1338.02, up 0.22% on the day. In economic news, the US releases UoM Consumer Sentiment, which is expected...
Incredibly S&P futures were down over 2.0% down at the NY open only to rumble higher to close 1.1 %  up on the day after investors dissected a sundry of Chinese and US trade statements and are now holding out for modus vivendi hoping...
US equity markets, at least for today, put tech sector regulation and the fear of an escalating trade war behind them. Investors were in buy the dip mode but unwound Monday’s meltdown when reports suggested President Trump is not formally looking at options to...
Here are the latest developments in global markets:FOREX: The US dollar traded 0.1% lower against a basket of six major currencies on Tuesday. Yesterday, the major mover was the Japanese yen, which surged on safe-haven demand, as trade concerns remained at the forefront. The Canadian...
Talking Points:US can reach a deal with China. Equity markets could see a dead cat bounce. WTI bearish bets are at their lowest level since 2014.European markets and US futures are trading higher as traders are hopeful that the US Treasury Secretary, Steven...
On or below the surface, the FOMC statement would suggest its open season on the dollar and greenlights sellers to re-engage as the Fed failed to confirm any of the markets hawkish suspicions. At the end of the day, while the 25 basis point...
I’m not sure if there’s anything I can say that hasn’t already been said about this weeks Fed meeting, but with the multitude of notes and conjectures floating around one thing that is abundantly clear, with regards to forwarding guidance, no one knows what...
The various evolving narratives and lots of moving parts contributed some vibrant price action overnight. While international trade relations and the FOMC continue to lurk, markets took note of positive news regarding Brexit, yet another possible ECB policy shift and a tech-driven decline in...
The Dollar has certainly displayed some resilience against a wave of political uncertainty and heightened fears of U.S protectionism this week.Bold comments from the White House’s new national economic advisor, Larry Kudlow, stating that he would “buy King Dollar” heavily supported the currency, while...
Talking Points:Strong data supports the dollar index. Gold holding its ground, thanks to geoplitics. Crude traders keeping taps on supply. Crypto crisis continues.The USD found some comfort with today’s economic data releases showing lower than anticipated jobless claims and continuing claims in the...
Talking Points:US core CPI inflation holding at 1.8%. Dollar defensive against most currencies. Gold was able to make strong bullish gains up to $1328/ounce.ForexFriday’s non-farm payrolls did show higher than anticipated US job gains for the month of February, but subdued wage inflation...
Donald Trump to meet Kim Jong-un in May after an invitation from North Korea. Both the Nikkei and USDJPY are rocketing higher on encouraging North Korea Headlines and improving risk sentiment. We should expect this news to boost regional market sentiment as wellHowever, USDJPY should run...
Precious metals showed modest losses on Wednesday amid the weakening in risk-off sentiment that was prompted by the resignation of Gary Cohn. The chief economic advisor to United States President Donald Trump is leaving in the wake of increased tensions over global trade, as...
The morning Whitehouse shocker is that Gary Cohn is resigning as head of the White House’s National Economic Council. His resignation increased the risk tenfold that President Trump will follow through with far-reaching trade tariffs given that Cohn was said to be remaining in...
Talking Points:Risk appetite returns. Gold back in demand. Growing demand helping oil.ForexTraders’ appetite for risk returns as trade war worries ease, restoring faith in the dollar. USD ISM Services data beating analyst expectations added a fresh impetus for investors to long the dollar...
2018 is turning out to be an interesting year, and one that will be consequential for the financial markets. The year started with the unravelling of the cryptocurrencies market, with the main assets falling by more than 50%.Then, the global financial markets started to...
Rising inflation has put gold back on the radar for investors looking to protect themselves from emerging price pressures, but history suggests its reputation has been overstated. The experience of the last 50 years suggests gold performs better as a hedge against inflation shocks -...
Talking Points:The Dow Jones index closed more than 400 points lower. The upcoming US consumer sentiment reading will be closely watched. Gold price bounced from its lows. Growing fears of oversupply are pushing the price of oil lower.Oops Trump did it again. The...
The Goldilocks economy and global equity investors mojo are under threat from the emergence of three bearish narratives.Federal Reserve Chairman Powell erred to the hawkish side and had speculation running rampant that the Feds will trigger quicker pace of interest rate increases as the...
Talking Points:US futures are set to close out a rather dull weak on a positive note UK’s GDP data failed to meet expectations yesterday The ECB has things under controlEuropean markets are choppy today. US futures are set to close out a rather...
It took all of 24 hours for the results of the rationality test to kick in after traders took time to the read the minutes from Wednesday. Not a heck of a lot has changed in the Feds view. The minutes were far more...
Gold futures are down by almost a percentage point. The decline in the dollar is associated with rising yields in the U.S treasuries and a stronger dollar.As of this writing, the dollar index is up by almost 0.40% as traders wait for economic data...

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