Metals

Gold The yellow metal cratered to fresh 12 month lows this week as a resurgent US Dollar and cascading oil prices combined to shunt the safe haven metal lower. The US Dollar has been rallying firmly this week in response to Fed chairman Powell’s testimony before the Senate where he gave a very encouraging outlook on the US economy. Alongside ra...

2018-07-19 James Harte Read more
forex commodities

Gold After suffering consecutive weeks of declines over the last month, the yellow metal was able to rebound higher this week as safe haven inflows saw steady demand. With the market bracing for the implementation of bilateral US/ Chinese tariffs on Friday which is set to affect billions of dollar’s worth of each country’s goods, there has been...

2018-07-05 James Harte Read more
precious metals

Gold The yellow metal was down heavily this week as the US Dollar continues to extend its recent bull run, as the market continues to trade off US rate hike expectations. Following the Fed’s second rate hike this year and the upward revision to its rates forecast, which now projects two further hikes this year from one previously, the market ha...

2018-06-28 James Harte Read more
forex weekly commodities wrap

Gold The yellow metal rose slightly this week, taking its cues from a weakened US Dollar which fell in response to the June FOMC meeting. The sell-off came despite the Fed raising rates as expected and upgrading its rate hike forecast for the rest of the year from one hike previously to two hikes. The weakness is reportedly due to President Tru...

2018-06-14 James Harte Read more
Mighty US Dollar Weighs on Metals

Gold Gold price cratered lower this week as the US Dollar enjoyed another week of gains as US Treasury Yield’s rose. The rally in USD came in response to the latest data showing that US retails sales rose for the second consecutive month over April adding further weight to the strength of the economic recovery in the US. Alongside the strong re...

2018-05-18 James Harte Read more
US Dollar Weighs on Metals

Gold As the US Dollar Weighs on Metals, Gold prices came under pressure following the US Dollar's impressive rally last week.  The US Dollar had been under pressure due to mounting concerns over the trade war with China as Trump threatened to increase tariffs on Chinese goods to $150 billion. However, with the more aggressive rhetoric having no...

2018-04-26 James Harte Read more
Metals Rally On China Rate Cut

Gold Despite slightly higher US yields, gold prices were higher this week as on-going trade tensions between the US and China have kept the US Dollar penned in. Markets had been hopeful of calmer trading given the Chinese President Xi’s recent speech at the Bao forum, in which he said that the country would be more open regarding trade policies...

2018-04-26 James Harte Read more
Net Short JPY For The First Time Since 2016

Gold The yellow metal was able to reclaim some lost ground over the week benefiting from a weaker US Dollar which fell in response to the latest FOMC meeting. In a clear case of 'buy the rumour sell the news', the US Dollar fell despite the Fed raising rates and revising its economic forecast higher. The Fed raised its forecast for 2018 GDP gro...

2018-03-28 James Harte Read more