Gold

Kiwi Leads Risk Assets On Positive Global Developments High-risk assets including the New Zealand and Australian dollar continue to trade on good footing on Monday, rolling on from last week's strong economic data. Kiwi pushes higher in…
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The economic calendar is relatively quiet for today. This comes ahead of a busy week that includes an ECB meeting. The US advance GDP report will also be coming out which will move the markets. Over the weekend, tensions at the Strait of…
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The US dollar posted declines on Thursday following comments from NY Fed President John Williams. Williams said that the central bank must act quickly to lower interest rates rather than wait for an economic disaster. The NY Fed Chief…
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At an event yesterday, Jerome Powell, the chair of the Federal Reserve, said that the magnitude of the projected rate cut at the upcoming Fed meeting was up for debate. He did, however, indicate that the Fed will definitely be cutting rates…
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The US dollar attempted to reverse the losses from last week on Monday, turning slightly bullish. However, price action was rather subdued. Investors will be looking towards the US retail sales report due later today. Following a strong…
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Producer prices data from the US released on Friday saw a slower pace of growth in June. Official data showed that inflation at the factory gate grew just 0.1% on the month in June. The slower pace came as energy prices fell 3.1% while…
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Depending on who you ask, gold and oil are the two most traded commodity CFDs in the forex markets. The debate about gold trading and oil trading isn’t over how important they are, but rather about whether gold is a currency or a commodity.…
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A day after the Fed Chair Powell’s comments to Congress sent equities higher and the dollar lower, the markets were stabilizing. The US dollar closed the day flat, while the Dow Jones index broke fresh ground, testing the 27,000 milestone.…
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The much-anticipated testimony from Fed Chair Jerome Powell happened on Wednesday. As widely speculated, Powell made the case for a rate cut. This sets the stage for the July Fed meeting where interest rates could be lowered. Following…
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The markets were trading mostly flat on the day on Tuesday thanks to a lack of economic data. Investors are now waiting for Fed Chair Jerome Powell’s testimony today. Powell will be making prepared remarks later today. Following the…
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