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
Metals Down Ahead of March FOMC

Gold: Hawkish Fed Expecations Weighing on Gold Over a week of relatively quiet trading, the yellow metal softened slightly as the US Dollar and US equities strengthened. Earlier in the week UC CPI printed in line with expectations rising 0.2% in February which kept the US Dollar supported and saw diminished demand for gold. Traders have been...

2018-03-23 James Harte Read more
Rate Hike Expectations Commodities Tumble

Gold: Fed Rate Hike Expectations Crush Gold The yellow metal tumbled this week as the US Dollar enjoyed a resurgent rally on Fed rate hike expectations. The uptick in global growth alongside stronger inflation has seen investors taking a more bullish shift on the US Dollar, expecting that the Fed will be forced to raise rates at a quicker pace ...

2018-03-23 James Harte Read more
commodities rally

Gold: US Treasury Comments Fuel Gold Rally The price of gold surged to fresh highs this week as part of the broad commodities rally, capitalising on US Dollar weakness seen in response to comments from the US Treasury Secretary, who said that a weaker USD is “good for trade”. Gold prices have been on a firm winning streak lately as the soft USD...

2018-03-20 James Harte Read more
silver

Silver: Silver Tracks Gold Higher Silver prices tracked their golden counterpart higher this week as the market responded with slight disappointment to the Fed’s 0.25% rate increase. Silver prices had been under heavy selling pressure over recent weeks leading up to the rates meeting, but have since stabilized.   Silver prices te...

2017-12-15 James Harte Read more

Gold: Resurgent US Dollar Weighs on Gold The precious metal slipped lower this week as a resurgent US Dollar took the lead due to Yellen’s testimony and better US data. Testifying at her last congressional hearing, the departing Fed chairwoman sounded upbeat about the economy and said that inflation is likely to return to the Fed’s 2% target. T...

2017-12-06 James Harte Read more
FamousTraders

The Prince of the Pit In the world of financial markets trading, Richard Dennis is a legendary figure. Not only did he achieve huge success as a commodities trader, earning the moniker “Prince of the Pit”, he also went on to launch the famous “Turtle Traders Group”. Dennis’ story is the type of inspirational tale that can still fire the engi...

2017-12-12 James Harte Read more