Gold

The US dollar continued to post declines on Monday. Economic data on the day was sparse with only the German Ifo data coming out. President Trump once again brought up the Fed, noting that the central bank should cut rates. Meanwhile,…
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The US dollar continued its descent as the index fell for three consecutive days. The declines came about amid the quadruple witching on Friday leading to some outflows in the USD. Economic data was mixed on the day as existing home…
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Gold Bulls React to Policy Guidance and Geopolitical risks Gold climbed above $1,400/oz today, perhaps for a false weekly break. It set up for the fourth weekly winning streak on the back of a dovish Fed and increasing geopolitical risks.…
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Following the FOMC meeting on Wednesday and the surprise comments from the ECB’s Draghi on cutting rates further, many other central banks have shifted course. The latest is the Bank of Japan. Overshadowed by other major themes, the Bank…
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Equity markets rose as the Federal Reserve Bank left interest rates unchanged. The central bank only tweaked its language noting that it was closely monitoring the developments in the markets. There was one dissenting vote against…
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After a quiet start to the week, the markets were treated to two major themes on Tuesday. Equities posted some gains after reports that President Trump will be meeting with Chinese Premier Xi on the sidelines of the G-20 summit. There is…
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Despite posting some modest losses on the day, the USD was seen holding steady. Economic data on the day saw the NY Fed manufacturing index falling sharply. Losing over 26 points, the regional Fed manufacturing index for New York fell to…
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The greenback firmed further on Friday closing in the green. The dollar was supported by retail sales data which beat estimates. Retail sales grew 0.5% in May, up from a revised 0.3% in the month before. Core retail sales advanced 0.5%…
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The US dollar index was seen posting gains on Thursday. This came despite import prices falling 0.3% on the month while the weekly unemployment claims rose higher than forecast. Investors look to the monthly retail sales report due later in…
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Risk aversion was back in the markets with the safe haven assets outperforming. The US dollar index was also seen rising on the day on Wednesday. Trade spats from Washington and Beijing lowered the prospects of any trade deals that could be…
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