Gold

Europe The euro fell sharply on the day following the ECB’s monetary policy meeting. The central bank announced the launch of TLTRO program starting September with a two-year maturity. The central bank also gave a dovish forward guidance…
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The U.S. dollar maintained the bullish momentum although the pace of gains was somewhat smaller. On the economic front, the data from the eurozone was relatively quiet. NY Trading Session The NY trading session saw the February private…
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The U.S. dollar posted strong gains on the day as commodities such as gold and silver continued to extend the declines. China announced that it was targeting a GDP growth rate of 6.0-6.5% for 2019. It raised the budget deficit to 2.8%…
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The US dollar posted strong gains amid a risk on sentiment which saw the safe-haven assets losing ground. Meanwhile, commodities such as gold and silver extended strong declines on the day. Economic data was relatively quiet on Monday.…
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The U.S. dollar maintained its lead on Friday as most of the currencies turned weak by Friday’s close. Economic data on the day saw the release of Germany’s retail sales which increased 3.3% on the month in January on nominal terms. In…
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The U.S. dollar maintained strong gains at the close of the last trading day of the month. The markets were somewhat mixed following news that President Trump’s meeting with the North Korean leader ended without results. On the economic…
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The U.S. dollar attempted to pare losses from Wednesday. Economic data on the day was relatively quiet from the Eurozone. Germany’s Bundesbank President Jens Weidmann gave a speech where he said that he would like to lead the central bank.…
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Data from the U.S. showed that consumer confidence increased in February after the U.S. government shut down the previous month. The data released by the Conference Board showed that consumer confidence increased to 131.4 in February…
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Economic data on Monday was relatively sparse on the day. The Bank of England Governor, Mark Carney gave a scheduled speech. Most of his speech highlighted the markets post-Brexit. The British PM May was seen delaying the Brexit vote,…
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The U.S. dollar attempted to hold the gains but closely slightly bullish. Economic data showed that inflation from the Eurozone confirmed at 1.4% on the year in January. The final core inflation rate met 1.1% as per the preliminary flash…
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