Gold

The payrolls report for March saw the US economy adding 196,000 jobs during the month. This beat expectations of a 175,000 increase for the period. The jobs data rebounded from February’s revision to 33k jobs. The unemployment rate held…
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The US dollar was seen recovering from the losses from the day before. The weekly jobless claims report dropped by 10,000, falling to 202,000. This was the lowest level since 1969 for the week ending March 30. US President Trump said that…
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The US dollar traded weaker on the day on Wednesday. The ADP payrolls report was disappointing, with the private sector showing a potential slowdown in the labor market. The ISM’s non-manufacturing PMI was also lower, rising to 56.1 and…
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The US dollar index managed to hold on to the gains amid a mixed batch of economic reports. Retail sales fell 0.2% in February unexpectedly, while the ISM’s manufacturing PMI rose to 55.3 during the month. Construction spending data also…
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The markets traded somewhat mixed into the close of the first quarter. There was a bit of volatility with the month end and quarter end flows. Gold managed to recover from the losses while the euro traded subdued. Brexit continues to…
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The January trade deficit data for the United States showed a decline of 15% with the deficit shrinking from a revised $59.9 billion in December to $51.1. The deficit shrank on lower oil imports and surged in soybean exports. The data…
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The New Zealand dollar traded 1.5% lower today after the overnight session showed that the RBNZ was likely to cut interest rates in the near term. The central bank left the official cash rate unchanged at 1.75% at today’s meeting.…
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The US dollar traded weak on Monday as the 10-year bond prices rallied pushing yields lower. The spreads between the 3-month and 10-year yields continued to widen with the inverted yield curve taking a more pronounced shape at the front…
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The EU leaders agreed to the UK’s request to extend Brexit from March 29th to May 22nd if the UK parliament will adopt the Brexit bill this week. PM May initially sought an extension until June 30. Failure by the UK parliament to adopt the…
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