Gold

USD Down on Dismal data The US dollar was heavily lower over the European morning session today as equity prices jumped on fresh hopes around a Brexit deal which has also seen GBP rallying, weighing on USD. USD index trades 97.43 last… Read More

Gold It’s been a quiet week for metals despite plenty of developments to note. As of writing, gold prices are just a little below the weekly open and have yet to break the range of the prior week. The week started with a weaker tone to… Read More

The US dollar fell for the second consecutive day. The retail sales report for September was weaker than expected. Headline retail sales fell 0.3% while core retail sales fell 0.1%, missing estimates. Data for the previous month was revised… Read More

Dollar Higher on Trade Deal Concerns The US dollar has been a little firmer over the European morning on Wednesday as equities markets have seen a mild pullback. Uncertainty around Brexit negotiations as well as the pending signing of the… Read More

The International Monetary Fund issued another grim warning for global growth. It said that the US-China trade war would cut 2019 global growth to the lowest levels since 2008 - 2009. The IMF stated that the global outlook could darken… Read More

USD in Demand The US dollar has been a little firmer over the European morning so far on Tuesday. Fluctuations in risk appetite around trade war and Brexit headlines continue to impact the safe-haven flows seen for USD. Fed rate cut… Read More

There were signs of disappointment as the US and China trade deal soured following comments from the Treasury secretary. Steve Mnuchin said that, in case of a no-deal in the trade talks, the US will hike tariffs by mid-December.… Read More

Dollar Down The US dollar has been a little lower over the first European session of the week despite weakness in equities prices. We have a quiet US datasheet this week so flows are likely to remain linked to incoming headlines around the… Read More

Flat CPI Weighs on USD The US dollar has been a little lower over the final European morning of the week. US CPI data released yesterday saw a 0% change month on month at 1.7% on the headline reading. This, on the back of a dovish set… Read More

Equity markets managed to rebound on news that President Trump will be meeting with Vice-Premier Liu He. The news comes as the US and China trade talks resume. However, over the past few days, risk appetite was volatile. Equities… Read More