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Gold
US Unemployment Falls to 50-Year Low
The monthly nonfarm payrolls report surprised with the unemployment rate falling to 3.5%. This marked the lowest unemployment levels since 1959.
Payrolls grew by 136,000 missing the estimates of 145,000.
The payroll figures for August… Read More
Safe Haven Flows Boost Gold
Gold
The yellow metal has been higher over the week as a combination of factors has seen renewed demand for it. This has helped gold recover from recent losses to trade back up above the 1500 mark.
The key driver over the week has been… Read More
US Services Activity Declines in September
The services sector activity as measured by the Institute for Supply Management (ISM) saw a decline in September. The index fell to 52.6 during the month, coming out lower than the estimates of 55.1.
In August, services activity rose to… Read More
EU Aircraft Dispute Verdict is in
The World Trade Organization ruled in favor of the United States in regard to the dispute on aircraft subsidies from the EU. At the heart of the dispute is the complaint from Washington about Airbus SE (a European aircraft manufacturer)… Read More
Dollar Slips as Manufacturing Contracts Further
The US dollar traded weaker as it gave back the gains from the previous session.
The ISM manufacturing PMI disappointed as the index fell to 47.8 in September. This follows a decline to 49.1 in August.
The employment gauge was also… Read More
Dollar Gains on Month End & Safe Haven Flows
The US dollar rose to a four-week high on Monday. The gains came amid the end of the month and quarterly flows. The USD also found favor as a safe haven asset as investors await more details from Washington.
The US administration… Read More
Video Analysis For The FX Majors 30.09.2019
Here is our weekly video analysis for the FX Majors. We will be breaking down time-frames while highlighting what you should be looking out for this week!
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Is Gold At A Major Turning Point?
Gold
The yellow metal ended the week lower as a resurgent US dollar weighed on price.
Gold had initially been stronger in the week thanks to concerns over President Trump facing impeachment weighing on risk sentiment. Speaker of the… Read More
Fed Continues its Reverse Repo Operations
The Federal Reserve reported that it sold $75 billion in reverse repo agreements on Wednesday.
This comes as the central bank has been fighting to rein in short term interest rates.
The move also follows a liquidity crunch that… Read More
Risk-Off Sentiment Back on Trump Impeachment Inquiry
Risk-off sentiment once again made its way. This time, thanks to concerns of a possible impeachment of President Trump.
Equity markets whipsawed on Tuesday with the S&P500 dropping the most since late August.
On the economic… Read More