XAU

The much-anticipated testimony from Fed Chair Jerome Powell happened on Wednesday. As widely speculated, Powell made the case for a rate cut. This sets the stage for the July Fed meeting where interest rates could be lowered. Following…
Read More

The monthly payrolls report from the US saw employers adding 224,000 jobs during June. This was higher than the estimates of 162,000 jobs. The unemployment rate ticked higher to 3.7% on an increased participation rate. The average hourly…
Read More

US equities surged higher on Monday with the S&P500 hitting new all-time highs intraday before pulling back towards the close. The G20 theme remains dominant with Washington and Beijing calling for a temporary truce to the trade wars.…
Read More

The currency markets open to the new trading month of July. The major themes driving the currencies this morning include the weekend G20 summit. Investors were waiting for a major breakthrough in the US-China trade talks. However, both…
Read More

The US dollar continued to maintain steady gains, rising for the third consecutive day. President Trump and China’s Xi are expected to meet during the G20 meeting in Osaka, Japan over the weekend. US Treasury Secretary, Steve Mnuchin…
Read More

The US dollar continued to post declines on Monday. Economic data on the day was sparse with only the German Ifo data coming out. President Trump once again brought up the Fed, noting that the central bank should cut rates. Meanwhile,…
Read More

The US dollar continued its descent as the index fell for three consecutive days. The declines came about amid the quadruple witching on Friday leading to some outflows in the USD. Economic data was mixed on the day as existing home…
Read More

After a quiet start to the week, the markets were treated to two major themes on Tuesday. Equities posted some gains after reports that President Trump will be meeting with Chinese Premier Xi on the sidelines of the G-20 summit. There is…
Read More

Risk aversion was back in the markets with the safe haven assets outperforming. The US dollar index was also seen rising on the day on Wednesday. Trade spats from Washington and Beijing lowered the prospects of any trade deals that could be…
Read More

The Federal Reserve released the monetary policy meeting minutes late yesterday. The minutes revealed that policymakers were committed to keeping interest rates steady over the next few months. Members raised their expectations on…
Read More