Gold

The U.S. Dollar recovered on Friday as the economic data was broadly positive. The monthly payrolls report showed that the average hourly earnings rose at a slower pace of 0.1%. However, on a year over year basis, average hourly earnings…
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The U.S. Dollar recovered from the losses on Thursday as price action pulled back. On the economic front, German retail sales fell 4.3% which was more than the forecasted 1.5% decline. The Eurozone's fourth-quarter GDP report showed that…
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Private sector hiring, as measured by ADP/Moody's showed a headline print of 213k for January. This beat the median estimates which pointed to a 180k increase during the period. The U.S. pending home sales report showed a monthly decline…
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The economic data on the day was sparse. Spain's unemployment rate fell slightly to 14.5% which was better than the forecasts of 14.6%. The NY trading session showed that the U.S. consumer confidence index fell to 120.0, below forecasts of…
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The economic data during the European trading session was relatively quiet yesterday. The NY trading session saw the release of Canada's retail sales report. Core retail sales fell 0.6% on the month which was worse than forecasts of a…
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The UK's labor market data showed that average earnings index rose 3.4% for the three months ending November. The unemployment rate fell to 4.0% amid forecasts of an unchanged print at 4.1%. The employment level rose 141,000 to a record…
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The British pound posted modest gains on the day after it became evident that the UK government was pursuing a plan B. The details include amending the Irish border backstop arrangement as well. On the economic front, data from Germany…
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The U.S. Dollar posted strong gains on the day on news that China had proposed a 6-year increase of U.S. goods imports as part of the trade talks. Economic data from the U.S. was relatively quiet. The industrial production figures showed a…
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The Eurozone's inflation report showed that consumer prices slipped more than expected. Headline CPI fell to 1.6% which was more than the flash estimates that pointed to a decline of 1.7%. Core inflation, however, remained steady at 1.0%.…
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The markets continued to focus on Brexit which dominated the headlines for a second consecutive day. No less than 24 hours after the UK Parliament rejected the Brexit bill, the opposition party leader Jeremy Corbyn moved for a no-confidence…
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