Gold

The US dollar index was trading higher on Monday. This comes following last Friday’s payrolls report. Investor expectations for a larger rate cut in July fell after a strong payrolls report showed a rebound in the labor market. The Fed…
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The monthly payrolls report from the US saw employers adding 224,000 jobs during June. This was higher than the estimates of 162,000 jobs. The unemployment rate ticked higher to 3.7% on an increased participation rate. The average hourly…
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The US markets are reopening after being closed on Thursday for Independence Day. Investors will be eyeing the payrolls report due later today. The US economy is forecast to add 162k jobs in June. Besides the US payrolls report, Canada…
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The private payrolls report from ADP/Moody’s Analytics showed another weak month. Private hiring rose by just 102,000 jobs in June. This was below the estimates of 140,000. Data for May was revised higher from 27,000 to 41,000.…
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The initial cheer brought about by the trade truce between Washington and China during the G20 summit was short lived. Equities gave back the gains while gold managed to reverse the temporary losses. The Washington administration shifted…
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US equities surged higher on Monday with the S&P500 hitting new all-time highs intraday before pulling back towards the close. The G20 theme remains dominant with Washington and Beijing calling for a temporary truce to the trade wars.…
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The currency markets open to the new trading month of July. The major themes driving the currencies this morning include the weekend G20 summit. Investors were waiting for a major breakthrough in the US-China trade talks. However, both…
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The markets remained rather subdued on Thursday in the run-up to this weekend’s G20 summit. As Trump and Xi meet on the sidelines of the G20 summit, reports indicated that China is to submit its set of terms to be met before further…
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The US dollar continued to maintain steady gains, rising for the third consecutive day. President Trump and China’s Xi are expected to meet during the G20 meeting in Osaka, Japan over the weekend. US Treasury Secretary, Steve Mnuchin…
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The US dollar was seen posting some moderate gains on Tuesday. This marks the first bullish close since the previous four consecutive bearish declines. The G20 summit is due to start over the week where President Trump and China’s Xi are…
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