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
Fed Minutes Drive Whipsaws

What happened in the two hours following the release of the January Federal Reserve meeting minutes?  A 1.8% fall in equity indices, accompanied by a rapid jump in bond yields and a broad recovery in the US dollar. The Dow Jones Industrials Average made a 430-pt turnaround in 90 minutes (from 266 pts intraday rally to closing 166 pts in the red)...

2018-03-23 Ashraf Laidi Read more
Goldmining

Gold: US Rate Hike Expectations Keep Gold Pressure Gold prices tumbled lower over the week as the market has increased its expectations of a December rate hike, as shown by a narrowing of the spread between the 2 and 5 year treasury yields. More importantly though, is the uptick in expectations for the Fed’s rate path of Q1 2018, with the Fed f...

2018-01-25 James Harte Read more
Federal Reserve

US GDP was higher than expected in Q3, printing 3% against expectations of 2.7%, remaining broadly unchanged over the year so far at 3% in Q1 and 3% in Q2. This latest reading comes despite the economic destruction caused during a particularly harsh US storm season over August and September. The damage caused by the storms is visible in the decl...

2018-01-25 James Harte Read more
Brainard_FOMC

The FX markets got off to a jumpy start on Monday as the markets opened to the second US presidential debate. It was another victory for Democratic presidential candidate, Hillary Clinton as her opponent Trump was hit by fresh scandals. Although the Clinton camp had to defend itself against the Wikileaks release showing Clinton favoring trade an...

2016-10-14 John Benjamin Read more
Fed_Yellen_Inflation_US

Brainard Rains On USD Bulls' Parade Fed’s Lael Brainard departed from the sentiments expressed by the majority of Fed members in comments made yesterday. Coming just days after the usually Dovish Rosengren argued in favour of a rate hike, noting that with US employment at full capacity and low rates risking an overheating of the economy, Braina...

2016-09-13 James Harte Read more

The US dollar index is likely to extend its declines following the breakout from the bearish flag pattern that saw prices consolidate near 95 support through 96.50 resistance. Forming an inside bar yesterday, prices are likely to extend the declines towards the immediate support seen at 95.0 - 94.75 which could offer a short-term bounce in price...

2016-08-16 John Benjamin Read more
US Fed Cleveland

From the minutes, we find out that Fed will likely push up the rates if the economic growth proves sustainable. This triggered a push in the USD and a fall in Wall Street’s stock prices that reversed all previous gains recorded by the currency immediately after coming out. On Wednesday, the USD/JPY pair went over the 110.00 thresholds after the...

2016-05-20 Adrian Filip Read more
Federal Reserve

Image via Leo Newball, Jr. 'California Federal Reserve Bank' / Flickr The USD/CAD pair moved slightly on Friday, the European session setting the rate in the 1.3230 area. The main reason for this small fluctuation is that the Canadian markets were closed for Good Friday, being no Canadian news releases. From the US side, the final GDP (Gross Do...

2016-03-28 Adrian Filip Read more
US _weekly forex overview

Image via International Monetary Fund / Flickr On Wednesday, we could see an intensification of the buying tone in the USD, due to the hawkish comments of Fed’s Bullard. The information pushed the USD/JPY pair into session highs close to 112.89. In the US morning, the dollar cut some slack, but it quickly turned to the upside after Bullard stat...

2016-03-25 Adrian Filip Read more