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XAU/USD – Gold Slips to 10-month Lows, Nonfarm Payrolls Ahead

Gold has lost ground in the Thursday session, continuing the downward trend we’ve seen for most of the week. In North American trade, the spot price for one ounce of gold is $1165.75. On the release front, unemployment claims disappointed. The indicator climbed to 268 thousand, its highest level since July. The markets had expected a […]

Trumps Dollar Surge to Die in December?

Five things the markets are talking about In November, Trump’s surprise U.S presidential win was a boon for the mighty dollar via the markets “reflation” trade hopes. Can the ‘big’ dollar gains be added to this month or has the market overshot the mark in their enthusiasm? The death of a deal is always in […]

Oil: Black Gold or Fools Gold?

The eyes of the world are on Vienna today as OPEC formally meets and announces whether it has made a production cut agreement or not. The direction of world crude prices will be dictated by its results. It has seemed like a  very long time since OPEC surprised us with a preliminary deal on cutting […]

OPEC to Save Face with a Disappointing Deal

Five things the markets are talking about No more jawboning – is there a deal? Will they or won’t they announce a production cut? It’s all that dealers and investors want to hear from OPEC in Vienna this morning. Should a barrel of crude be trading above +$50 or below +$40? Whatever the outcome, the […]

XAU/USD – Gold Dips as GDP, Consumer Confidence Climb

Gold has reversed directions on Tuesday and lost ground, erasing the gains from the Monday session. In North American trade, the spot price for one ounce of gold is $1187.75. On the release front, US data was impressive. Preliminary GDP sparkled in the third quarter, as the economy expanded 3.2%, above the forecast of 3.0%. The 3.2% […]

OPEC’s Poker Game Trump Dollar Moves

Five things the markets are talking about Has the impact of President-elect Trump’s surprise victory on the dollar and commodities peaked or do investors just want to get this event risk week out of the way before again imposing the “reflation” trade again? Capital Markets appear to be in the holding pattern going into the […]

XAU/USD – Gold Edges Higher, Markets Eye US GDP Report

Gold prices have edged upwards to start off the week. In Monday’s North American session, the spot price for one ounce of gold is $1191.09. There are no US releases on Monday. On Tuesday, the US will release Preliminary GDP for the third quarter, with the markets expecting a sharp gain of 3.0%. The other key indicator […]

Dollar Succumbs to Profit Taking Ahead of Event Risks

Five things the markets are talking about Expectations that a OPEC production deal would unravel, a possible defeat in Sunday’s referendum in Italy and elections in Austria, coupled with the U.S presidential transition challenge of polls in battleground states by Clinton is dominating early trading. Consolidation in bonds and equities has been relatively muted compared […]

U.S Dollar Stumbles, But Does Not Fall

Five things the markets are talking about It seems that investors are happy to take a breather in this holiday-shortened week as the dollar pares this week’s surge supported by U.S rate differentials. The “reflationary trade” continues to suck money back in to U.S equity markets, while putting further pressure on emerging market FX rates, […]

XAU/USD – Slumping Gold Falls to 9-Month Lows

Gold prices are showing little movement on Thursday, following sharp losses on Wednesday. In the North American session, the metal is trading at $1184.80. There are no US releases, as US markets are closed for the Thanksgiving holiday. November has been a dismal month for gold. The metal declined 1.9 percent on Wednesday, dropping below the […]

U.S Dollar Hits Fresh Highs on Thanksgiving Holiday

Five things the markets are talking about The dollar is extending its gains following yesterday’s strong U.S durable goods and consumer confidence data, along with Fed minutes that all but cemented a Fed rate hike next month. Europe’s single unit has fallen to its lowest level since March 2015 (€1.0518) on fears ahead of the […]

XAU/USD – Gold Slides as US Durables, Consumer Confidence Beat Estimates

After an uneventful start to the week, gold prices have dropped sharply on Wednesday. In the North American session, the metal is trading at $1189.28. In economic news, there were a host of key releases. Core Durable Goods Orders rose 1.0% and Durable Goods Orders jumped 4.8%, as both indicators easily beat their estimates. UoM Consumer […]

Bond Rout Takes a Breather, FOMC Minutes Next

Five things the markets are talking about Death, taxes, and a Fed rate hike in December are life’s only certainties according to the bond market which now has the odds of an increase on Dec 14 at +100%. Markets will be watching todays FOMC minutes at (2:00pm EST) for that vindication, while seeking out the […]

XAU/USD – Gold Edges Lower, Markets Eye Jobless Claims, Fed Minutes

Gold continues to have an uneventful week. In Tuesday’s North American session, the metal is trading at $1212.95. In economic news, Existing Home Sales jumped to 5.60 million, well above the forecast of 5.47 million. As well, the Richmond Manufacturing Index improved to 4 points, beating the estimate of 1 point. Wednesday will be much busier, […]

Crude Bulls Looking For $55 A Barrel

Five things the markets are talking about Hopes that the Trump administration would usher in a pro-business, pro-growth environment continue to drive stocks and yield higher and favour the dollar on rate differentials. Yesterday, the S&P 500, Dow Jones Industrial Average and Nasdaq Composite closed out to complete a trifecta of records as equities continued […]

XAU/USD – Gold Under Pressure as Fed Rate Hike Imminent

Gold prices has edged up in the Monday session. In the North American session, the metal is trading at $1211.84. On the release front, it’s a quiet start to the week, with no US events on the schedule. With the odds of a Fed rate hike in December approaching 100 percent, gold remains under pressure, […]

Reality Checks and the US Dollar

A quiet weekend of news has seen the USD finally see some profit taking and even some whispers of “a meaningful technical correction.” However, before we get too carried away, I thought it would be interesting to see just how much of a technical correction we would need now to put a hole under the […]

Trump Jump To High?

Five things the markets are talking about Markets have been very positive on the new U.S President elect and have been quick to embrace the “reflation” trade over the past fortnight. Is it too much perhaps? If so, this would suggest that some of the aggressive market moves that we have witnessed across the various […]

Trump Adjustments Continue

Five things the markets are talking about The markets “reflationary” trend remains in vogue, with the dollar continuing to make strong gains following last week’s U.S election, on expectations of hefty public spending will raise inflation, boost the U.S economy and cause higher interest rates. Fed Chair Yellen yesterday was at her opaque best, by […]

XAU/USD – Gold Unchanged as US Inflation Numbers Mixed, Jobless Claims Slide

Gold prices are almost unchanged on Thursday, continuing the lack of activity in Wednesday. In the North American session, the metal is trading at $1226.19. On the release front, there were a host of key events and the readings were mixed. CPI matched expectations at 0.4%, but Core CPI came in at 0.1% shy of the estimate […]

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