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XAU/USD – Gold Dips to 1-Week Lows ahead of Yellen, Host of FOMC Speakers

Gold is lower on Wednesday, following strong losses in the Tuesday session. In the North American session, the metal is trading at a spot price of $1327.38 per ounce. On the release front, Durable Goods Orders came in at a flat 0.0%, above the forecast of -1.0%. Core Durable Goods Orders declined 0.4%, edging above the […]

XAU/USD – Gold Slips as Consumer Confidence Sparkles

Gold has posted considerable losses on Tuesday. In the North American session, the metal is trading at a spot price of $1327.38 per ounce. On the release front, CB Consumer Confidence shot up to 104.1 points, easily beating the forecast of 98.6 points. There news was not as positive from the manufacturing sector, as the […]

XAU/USD – Gold Remains Subdued as Markets Digest Fed Decision

Gold has ticked higher on Monday, continuing the lack of movement we saw late last week. In the North American session, the metal is trading at a spot price of $1340.06 per ounce. On the release front, it’s a very quiet start to the week, with just one economic indicator on the schedule. New Home Sales […]

Bonds, Stocks and Dollar Wary of Trump/Clinton Debate

Five things the markets are talking about Investors’ focus now shifts to the U.S presidential race, which begins this evening (Sept 26, Oct 9 and 19) at Hofstra University, Hempstead, NY at 9pm EDT. Up to this point, the various asset classes have not really being weighing in on the election outcome, but today should […]

Volatility Compressed, Yield Curves Flatten, Dollar Hangs In

Five things the markets are talking about It’s no surprise to see volatility compressed for a second day and sovereign yield curve flatten as markets and investors process this week’s central banks (FOMC and BoJ) ripple and settle on a coin toss for a December Fed hike. With the Fed on the fence, much of […]

XAU/USD – Gold Climbs to 2-Week Highs as Dollar Sags After Fed

Gold continues to move higher on Thursday, following strong gains in the Wednesday session.  The metal is trading at a spot price of $1340.07 per ounce in the North American session. On the release front, unemployment claims dropped to 252 thousand, well below the forecast of 261 thousand. However, existing home sales fell to 5.33 million, short […]

Fed: Everything is Improving, Hence We Lower Growth Forecasts

Five things the markets are talking about Can we shout deja vu loud enough? The Fed came with the same story, just inserted different figures and months. Chair Yellen and company left rates unchanged yesterday, but pointed to an increased likelihood of a hike in November or December – if they don’t, their credibility is […]

Gold/Silver Ratio: Flirting with Support

Ahead of tonight’s FOMC the Gold/Silver Ratio Chart is worth more than a passing glance In the bullion trade, the Gold/Silver ratio is known as the “mint” ratio. I won’t bore you with the reasons; Google can help there. Needless to say, it involves a double metal standard and the USA in times past. What […]

XAU/USD – Gold Unchanged Ahead of BoJ, Fed Rate Announcements

Gold continues to have a quiet week and is unchanged on Tuesday. The metal is trading at a spot price of $1314.60 per ounce in the North American session. On the release front, there were only two releases on the schedule. Housing Starts and Building Permits both came in at 1.14 million, short of expectations. […]

Pound Woes Continue, Focus on Fed and BoJ

Five things the markets are talking about Tomorrow’s double-header with the Fed concluding its meeting and the BoJ announcing something has potential to rock markets, especially FX which is still playing catch up with both bonds and equity price moves for this month. In regards to sovereign yield curves, Fed expectations are controlling the front-end, […]

XAU/USD – Gold Edges Higher After Late Week Losses

Gold has posted small gains on Monday, following losses in the past two sessions. The metal is trading at a spot price of $1313.91 per ounce in the North American session. On the release front, it’s a slow start to the week, with just one event on the schedule. NAHB Housing Market Index improved to 65 […]

Dollar Needs Fed and BoJ Guidance

Five things the markets are talking about U.S retail sales and industrial production data yesterday supports the case that the Fed is not going to tighten next week, with many remaining sceptical whether the Fed could pull the trigger at all this year. According to fed fund futures it’s a coin toss for the December […]

Top Trade Idea For September 16th, 2016 Gold

We’ve talked before about many traders’ penchant for asymmetric risk. Market surprises can lead to large moves. The Brexit drove fifteen big figure fall is a good recent example. The market – and the bookmakers – expected a clear Remain majority. As the count progressed the ultimate result became clear, and GBP tanked. Next week’s […]

XAU/USD – Gold Dips to 2-Week Lows on Mixed US Data

Gold has posted slight gains on Thursday, as the metal trades at a spot price of $1316.74 per ounce in the North American session. On the release front, Thursday was a data-heavy session after an uneventful few days. In the US, retail sales came in at -0.3%, weaker than the estimate of -0.1%. Unemployment Claims were […]

U.S Data to Influence Fed Hike Chances

Five things the markets are talking about Capital markets are unusually keyed into Fed decisions and for as long as they remain so, investors should be expecting pockets of volatility to be somewhat plentiful ahead of next week’s FOMC rate announcement (Sept 20-21). But, that is next week, now, the market has a few other […]

XAU/USD – Gold Ticks Higher, Markets Eye Retail Sales

Gold has posted small gains on Wednesday, as the metal trades at a spot price of $1323.60 per ounce in the North American session. On the release front, it’s another quiet day, with no major events on the schedule. US Import Prices dropped 0.1%, its first decline in six months. There are a host of key events on […]

Capital Markets Takes a Breather

Five things the markets are talking about This week’s price action in capital markets would suggest that many investors are beginning to lose faith that G7 central bank action will help boost growth. For some, it’s the lack of clarity from the Fed on rate normalization that is causing various degrees of capitulation amongst the […]

XAU/USD – Gold Edges Lower, Fed Rate Speculation Continues

Gold has recorded modest losses on Tuesday, as the metal trades at a spot price of $1323.30 per ounce in the North American session. On the release front, it’s another quiet day, with no major events on the schedule. NFIB Small Business Index came in at 94.4 points, short of the forecast of 94.9 points. With […]

Fed Fatigue Does Not Dissuade Dollar Bulls

Five things the markets are talking about The uptick in volatility, especially in equities and fixed income in September, is based on two factors – a feared shift in Fed interest rate policy (more/sooner hikes) and a concern over the sustainability/pace of asset purchases at the BoJ and ECB. Yet for all the volatility, certain […]

Gold Slide Continues over Rate Hike Speculation

Gold has recorded modest losses on Monday, as the metal trades at a spot price of $1324.04 per ounce in the North American session. On the release front, it’s a very quiet start to the week. Today’s sole economic release is the 10-year bond auction. As well, FOMC member Lael Brainard will speak about monetary policy at […]

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