XAU

The US dollar was lifted by the durable goods orders report on Thursday. Data showed that durable goods orders rose 2.7% on the month beating estimates strongly. The USD held steady early into Friday’s trading session. The first quarter…
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The Bank of Canada’s monetary policy meeting yesterday saw the interest rates unchanged at 1.75%. However, the central bank cut the GDP forecasts for Canada from 1.7% to 1.2% for 2019. The BoC was optimistic that growth would pick up in…
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The U.S. dollar was seen maintaining the bullish gains for the sixth consecutive day. The markets were seen trading mixed on the day. The Bank of England held its monetary policy meeting yesterday. The central bank left interest rates…
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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 U.S. dollar eased as some Fed members commented that the central bank should be patient in hiking interest rates. Similar views echoed from the release of the FOMC meeting minutes on Wednesday. A weaker USD currency sent most of its…
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The U.S. dollar made modest gains to recover from Monday's losses. The markets had support from the ongoing trade talks between the U.S. and China with both parties making progress on the purchase of U.S. goods and services. The next…
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The markets wake up to a new trading day of the year with the holiday season behind. Economic data picks up pace covering the latest for the month of December. In the early Asian session today, China's Caixin manufacturing PMI showed…
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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…
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The U.S. dollar managed to maintain its dominance closing the week with gains. However, performance was rather mixed with the Kiwi dollar posting the strongest gains. The UK's quarterly GDP report showed that the economy advanced 0.6% on…
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