Gold

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…
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Equity markets rose on Wednesday after reports emerged that China was open to a partial US trade deal. The comments come amid China asking the US to remove the 28 entities from the blacklist. It is likely that the markets will continue to…
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The US dollar index was seen holding steady after posting steady declines last week. The fresh lows in the US unemployment rate failed to push the dollar index higher. Lack of economic data also kept price action mostly subdued. But…
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The monthly nonfarm payrolls report surprised with the unemployment rate falling to 3.5%. This marked the lowest unemployment levels since 1959. Payrolls grew by 136,000 missing the estimates of 145,000. The payroll figures for August…
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The services sector activity as measured by the Institute for Supply Management (ISM) saw a decline in September. The index fell to 52.6 during the month, coming out lower than the estimates of 55.1. In August, services activity rose to…
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The World Trade Organization ruled in favor of the United States in regard to the dispute on aircraft subsidies from the EU. At the heart of the dispute is the complaint from Washington about Airbus SE (a European aircraft manufacturer)…
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The US dollar traded weaker as it gave back the gains from the previous session. The ISM manufacturing PMI disappointed as the index fell to 47.8 in September. This follows a decline to 49.1 in August. The employment gauge was also…
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The Federal Reserve reported that it sold $75 billion in reverse repo agreements on Wednesday. This comes as the central bank has been fighting to rein in short term interest rates. The move also follows a liquidity crunch that…
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Risk-off sentiment once again made its way. This time, thanks to concerns of a possible impeachment of President Trump. Equity markets whipsawed on Tuesday with the S&P500 dropping the most since late August. On the economic…
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ECB President Mario Draghi, speaking to EU lawmakers reiterated that the central bank was ready to cut rates even more. Draghi warned that the downturn in the manufacturing sector could spill over to other parts of the economy. Draghi’s…
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