Gold

The U.S. dollar was seen trading a bit weaker on Friday with the markets showing a mixed sentiment overall. The Japanese yen maintained its dominance as the currency continued to appreciate against the U.S. dollar. The sterling was also…
Read More

The FOMC held its meeting yesterday, and as widely expected, the Central Bank raised interest rates by another quarter point. This brought the Fed funds rate to 2.25% - 2.50%. As expected, the Central Bank forecast fewer rate hikes for the…
Read More

The U.S. dollar was seen trading weaker on Tuesday. The weakness in the greenback comes ahead of today's Fed meeting. However, the USD was seen managing to recover some of the losses later in the day. Economic data on the day showed that…
Read More

The Euro currency managed to rise as the U.S. Dollar was seen trading weaker. Economic data on the day showed that the final inflation for November rose at a slower pace of 1.9%. This was below the flash estimates which showed a 2.0%…
Read More

The U.S. Dollar posted strong gains on Friday as investors piled into the greenback amid global concerns. This led to most of the currencies giving up the gains logged from earlier in the week. Economic data on the day showed that the…
Read More

The Swiss National Bank held its monetary policy meeting on Thursday. The Central Bank kept its LIBOR rate unchanged at -0.75% as widely expected. The Central Bank, however, lowered its inflation outlook. The ECB was the next central…
Read More

Brexit hogged the limelight on Wednesday as British PM May faced a vote of no-confidence. Although there was a surprise in the decision, this was widely speculated. The sterling initially slipped on the news only to recover strongly later…
Read More

The U.S. Dollar extended gains on Monday amid a somewhat slow trading day and lack of any clear fundamentals to push the USD higher. Gold prices retreated from Friday's highs, and it was a similar story for the Euro currency as well. GDP…
Read More

Germany's industrial production sector was seen falling by 0.5% on the month which missed estimates of a 0.3% increase. The declines follow a 0.1% increase previously. The Eurozone's final employment change figures showed a 0.2% increase…
Read More