Gold

The optimism in the markets following the IMF pledging $50 billion in aid to fight the coronavirus outbreak was short-lived. After the state of California declared an emergency, equity markets continued to fall. So far, the sell-off…
Read More

The Bank of Canada cut interest rates by 50 basis points, following the RBA and the Federal Reserve. The move comes as markets expect many other central banks to cut rates. However, at the same time, there is talk of a possible…
Read More

The Federal Reserve Bank announced a surprise 50 basis point rate cut yesterday. The cut comes after Jerome Powell announced last week that the central bank will be ready to act if need be. The surprise measure taken by the central bank…
Read More

Following Fed Chair Jerome Powell's speech last week, equities started off on a positive note. There is a wide consensus that central banks across the world will be cutting rates. This is because of the global economy being hit hard due…
Read More

The current XAUUSD structure hints to a bullish 5-wave impulse consisting of primary sub-waves ①-②-③-④-⑤. Wave ③ of this impulse is a fully completed impulse, where the intermediate wave (1) is the leading diagonal, and the wave (4) is…
Read More

Almost all asset classes, with the exception of bonds, closed strongly bearish into Friday’s close. Even safe-haven precious metals succumbed to the panic. Economic data was pushed to the backseat. Investors ignored the 0.6% monthly…
Read More

The fourth quarter GDP growth in the United States stood at 2.1%. This was in line with estimates and unchanged from the preliminary release. There were some upward revisions to private inventory investments, exports and federal spending.…
Read More

The latest housing data covering new home sales showed a sharp spike. Data from the Commerce Department revealed that new home sales rose by 7.9% to an annual rate of 764,000. This was the highest level in twelve years. USD was…
Read More

Investors sought the safety of safe-haven assets, selling the risk-heavy equities. This came amid an increase in the Coronavirus cases outside of China. Besides some Asian countries, Europe is also being affected. This led to an…
Read More

American consumers rang in the new year with a bit of an increase in spending. Some measures of discretionary spending were sluggish, while there was also a downward revision to the previous month's data. Headliner retail sales grew 0.3%…
Read More