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WTI/USD – US Crude Slides as Crude Inventories Jump

US crude has reversed directions on Wednesday and has posted sharp losses. In the North American session, WTI/USD futures are trading at $46.75 per barrel. Brent crude futures are trading at $48.88, as the Brent crude premium has widened to $2.13. In economic news, Crude Oil Inventories surprised the markets with a strong gain of 2.5 […]

Gold Slides to 4-Week Low, Existing Home Sales Disappoint

Gold has posted considerable losses on Wednesday, as the metal trades at $1325.45 in the North American session. On the release front, US Existing Home Sales dropped sharply, posting a reading of 5.39 million. On Thursday, the US releases two key events – Core Durable Goods report and Unemployment Claims. As well, the much-anticipated Jackson Hole […]

Caution Remains Ahead of Yellen Speech

The trend of marginal moves while pushing record highs in US indices looks set to continue on Wednesday, with futures pointing to a marginally higher open on Wall Street. This week in particular there has been a keen focus on the Jackson Hole Symposium, at which Federal Reserve Chair Janet Yellen is scheduled to speak. […]

South African Rand Slammed!

The South African Rand (Zar) plunged 3.5 % as news emerges of a police summons and a separate investigation of the Finance Minister by tax authorities. The South African Rand (ZAR) collapsed 3.5 % against the USD in a matter of minutes during the New York session. Moving from 13.50 to 14.05 before settling in […]

WTI/USD – Crude Rebounds to $48 on Sharp Housing Report

US crude has posted gains on Tuesday, reversing directions after sharp losses on Monday. In the North American session, WTI/USD futures are trading at $48.05 per barrel. Brent crude flirted with the $50 level earlier on Tuesday and is currently trading at $49.84. Currently, the Brent premium stands at $1.79. In economic news, the Richmond Manufacturing Index […]

XAU/USD – Gold Steady as US Posts Mixed Numbers

Gold has edged higher on Tuesday, as the metal trades at $1342.26 in the North American session. On the release front, the Richmond Manufacturing Index came in minus -11, well short of expectations. US New Homes Sales sparkled with a gain of 654 thousand, well above the forecast of 575 thousand. On Wednesday, the US […]

The Waiting Game : Jackson Hole

USDJPY Traders have been reticent overnight with the currency mired in tight ranges. BOJ stimulus talks versus the Fed dovishness outlook: Traders are stuck in limbo, aware that there is some BOJ uncertainty on how they will deal with a strengthening Yen; while the near-term Fed outlook is equally clouded, not the best landscape to […]

Big Dollar Not So Mighty

Five things the markets are talking about With investors reluctant to place large directional bets ahead of the Jackson Hole address by Fed chair Yellen this Friday has asset price moves remaining somewhat contained. Despite this, the ‘mighty’ dollar is beginning to look a tad sicklier ahead of this morning’s U.S open. With the lack […]

WTI/USD – Oil Slides, Markets Eye Yellen Speech

US crude has posted sharp losses on Monday. In the North American session, WTI/USD futures are trading at $47.70 per barrel. Brent crude is trading just shy of the $50 level, at $49.41. Currently, the Brent premium stands at $1.71. In economic news, there are no US releases on the schedule. On Tuesday, we’ll get […]

XAU/USD – Gold Quiet at Start of Week, Housing Report Next

Gold has ticked higher on Monday, as the metal trades at $1339.24 in the North American session. There are no US releases on the schedule. On Tuesday, we’ll get a look at New Home Sales, a key indicator. Later this week, central bank heads and other senior financial officials will meet for the annual tête-à-tête in Jackson Hole, […]

Rising Yields Melt Silver in Asia

Fridays bond sell-off sends commodities and precious metals lower in Asia. Watch global bond yields ahead of Jackson Hole. Monday mornings at 6 am Singapore can be an emotional time for traders. The fact that many of us are at work then aside! Monday 6 am is a magical witching hour when electronic trading starts […]

Markets Fish For Fed Clues

Five things the markets are talking about Most of the big’ dollars strength has come on the back of a number of ‘bullish’ Fed member comments over the past few sessions. Late last week, Fed members Dudley and Williams both suggested that they would not completely rule out an interest rates hike in September. Last […]

XAU/USD – Gold Dips as Markets Eye Fed’s Rate Debate

Gold prices are lower on Friday, as the metal trades at $1339.52 in the North American session. It’s a quiet end to the trading week, with no US releases on the schedule. US indicators were positive on Thursday and continue to boost the US dollar. US unemployment claims dropped to 262 thousand, beating the forecast […]

Traders Digest Fed Comments and Eye Oil Rig Data

On a quite Friday, focus will remain on the oil market and the Fed as traders try to dissect the wide ranging views of policy makers in order to anticipate when the next rate hike will actually happen. We had more comments from policy makers on Thursday but once again, there was no consistent messages […]

Week Ahead USD on Retreat Ahead of Central Bank Summit

The Jackson Hole Symposium will focus on how to build monetary policy for the future The U.S. dollar has depreciated across the board after mixed comments from Fed members and the release of the Federal Open Market Committee (FOMC) July minutes showed that even though some members are in favor of a rate hike, they […]

R-Stars to Falling Stars

R-Stars to Falling Stars  Kansas City Fed’s annual symposium held in Jackson Hole, Wyoming is turning into this year’s most anticipated event when it comes to US monetary policy. While Jackson Hole rarely disappoints the “Econ-Geek” in all of us, traders are on high alert after a befuddling policy divide amongst Fed Members and will […]

WTI/USD – US Crude Keeps Cruising as US Posts Strong Jobless, Manufacturing Reports

US crude has posted strong gains on Thursday, following five consecutive winning sessions. In the North American session, WTI/USD futures are trading at $48.21 per barrel. Brent crude has pushed above the key $50 level, trading at $50.70 per barrel. Currently, the Brent premium stands at $2.49. In economic news, Philly Fed Manufacturing Index improved to […]

XAU/USD – Gold Listless as Fed Divided Over Rate Move

Gold has ticked lower on Thursday, as the metal trades at $1350.63 in the North American session. On the release front, the Philly Fed Manufacturing Index improved to 2.0 points, while Unemployment Claims dipped to 262 thousand, as both indicators beat expectations. Gold prices are sensitive to interest rate movements, so any hint in the Federal […]

The Fed: A Great Divide or A Growing Rift

By any measure of price action, the longer Traders have to dwell repetitively and ruminate on the Fed policy the less US dollar friendly they are likely to become. From the rhetoric making the rounds  , it would seem that Federal Reserve officials face a very complex, and possibly divisive  debate over the conundrum of […]

Sterling Bears Feel the Heat After Retail Sales

Five things the markets are talking about It’s not a surprise to see the dollar turning lower post-FOMC minutes yesterday. The Fed’s communiqué illustrated a conflicted outlook for rate hikes; with some Fed members wanting to wait until inflation firms and others saying a rate increase would be warranted. A confusing message should have been […]