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XAU/USD – Gold Climbs as Dollar Dips in Thin Holiday Trade

Gold has posted strong gains in the Thursday session. In North American trade, the spot price for one ounce is $1156.00. It’s another quiet day on the release front. Unemployment claims, the final major indicator of 2016, dropped to 265 thousand, easily beating the forecast of 277 thousand. Gold prices have climbed 1.2% on Thursday, the strongest […]

XAU/USD – Gold Unmoved in Thin Trade

Gold is almost unchanged in the Wednesday session. In North American trade, the spot price for one ounce stands at $1138.76. On the release front, Pending Home Sales posted a sharp decline of 2.5%, well off the estimate of a 0.6% gain. On Thursday, the US will release Unemployment Claims, with an estimate of 277 thousand. As 2016 […]

XAU/USD – Gold Edges Higher, CB Consumer Confidence Surges

Gold has posted slight gains in the Tuesday session. In North American trade, the spot price for one ounce stands at $1137.32. On the release front, CB Consumer Confidence climbed to 113.7, easily exceeding the estimate of 108.9. On Wednesday, the US releases Pending Home Sales, with the markets expecting a strong gain of 0.6%. As 2016 […]

XAU/USD – Gold Steady, Shrugs Off Mixed US Numbers

Gold is showing little movement in the Thursday session, continuing the lack of movement seen in the Wednesday session. In North American trade, the spot price for one ounce stands at $1132.31. On the release front, US Final GDP posted a gain of 3.5%, above the forecast of 3.3%. Durable goods reports were a mixed […]

XAU/USD – Gold Steady, Markets Eye Final GDP

Gold is showing little movement in the Wednesday session. In North American trade, the spot price for one ounce stands at $1131.40. On the release front, there was positive news out of the housing sector. Existing Home Sales was unexpectedly strong, climbing to 5.61 million. Thursday will be busy, as the US releases three key events […]

Stocks, Bonds or FX: Which is Irrational?

Five things the markets are talking about Stocks, the dollar and U.S yields are trading at lofty heights on the “potentials” of Trump’s fiscal stimulus packages – details not yet disclosed. Nevertheless, one of these asset classes, more than the others, does seem to be out of sync with reality. Last week, the Fed’s Yellen […]

XAU/USD – Gold Breaks Below $1130 as Slide Continues

Gold has posted losses in the Tuesday session. In North American trade, the spot price for one ounce stands at $1129.75. On the release front, it continues to be a quiet week, with no events on the schedule. It’s been a rough ride for gold, which has plunged some 11.4 percent since November 7. Gold […]

Dollar Boosted by Yellen; Risk Aversion

Five things the markets are talking about Volatility across regional indices and major currency pairs remains seasonably compressed despite the geopolitical nerves in Europe. Sovereign debt saw a relatively strong bid over the last session on heightened geopolitical risk – a Russian ambassador was shot and killed by an off-duty policeman in Turkey in defiance […]

XAU/USD – Gold Steadies After Another Disappointing Week

Gold has started the week with slight gains. In North American trade, the spot price for one ounce is $1140.25. On the release front, there are no major US events on the schedule. Flash Services PMI slipped to 53.4, short of the forecast of 55.2. This points to weaker growth in the services sector than […]

Dollar Bruised, but not Battered Just Yet

Five-things the markets are talking about The dollar and sovereign yields fell overnight while Asian shares printed a new monthly low as the market cashed in some of their recent bets on Trumponomics and the ‘reflation’ trade. This will be a light week on many fronts – liquidity and fundamentally. The Bank of Japan (BoJ) […]

Halfway Point for December Holiday Volatility

Five things the markets are talking about Investors are taking a breather from assimilating the probability of three-Fed rate hikes for 2017. The ‘mighty’ dollar, ruling on rate differentials, has fallen back from its “dozen baker” highs against a plethora of currencies. Given the likely higher than expected rate of monetary contraction next year, the […]

XAU/USD – Gold Heads Lower on Fed Hike

Gold continues to lose ground on Thursday, following losses in the Wednesday session. In North American trade, the spot price for one ounce is $1128.01. On the release front, CPI and Core CPI both came in at 0.2%, also matching the estimates. Other key events looked sharp, as unemployment claims dipped to 254 thousand, while […]

Dot-Plot Blindness has Dollar Bears Bailing

Five things the markets are talking about The Fed did not surprise, they did what was expected of them on the headline, but it’s their foresight that has capital markets wildly gyrating. The big takeaway from yesterday’s FOMC meeting is the increase in the pace of tightening that’s been signalled for next year. Policy members […]

XAU/USD – Gold Slightly Higher Ahead of Federal Reserve Announcement

Gold continues to have an uneventful week. Will this change after the Federal Reserve’s rate statement later on Wednesday? In North American trade, the spot price for an ounce of gold is $1163.12. On the release front, core retail sales and retail sales posted weak gains of 0.2% and 0.1% respectively, which fell short of estimates. There […]

Fed Lift Off Starts Today – What Else Should We Expect?

Five things the markets are talking about Today’s Fed meeting is of critical importance, not only for what it says about any change in interest rates, but also for what it signals about the path ahead. U.S policy makers are expected to hike +25bps for the second time in a decade at 02:00pm EST, motivated […]

XAU/USD – Gold Steady Ahead of Expected Rate Hike

Gold prices have edged higher in the Tuesday session. In North American trade, the spot price for an ounce of gold is $1159.40. On the release front, there are no major events on the schedule. On Wednesday, the Fed concludes its monthly policy meeting and the US will release key retail sales numbers. Gold has recorded […]

Markets Look For Conviction From Fed

Five things the markets are talking about The Fed’s highly anticipated two-day meeting begins later today when U.S policy will decide whether to raise interest rates for the first time in 12-months. The latest results from the CME’s FedWatch tool indicate the likelihood of a rate increase is currently +95.4%, up from yesterday’s +94.9% odds […]

XAU/USD – Gold Starts Week With Gains, Fed Meeting Looms

Gold prices have shown modest gains in the Monday session. In North American trade, the spot price for an ounce of gold is $1164.72 an ounce. It’s a very quiet start to the week, with two minor releases on the schedule. Gold has recorded five consecutive losing weeks and is currently trading at its lowest level […]

Spike in Crude Push U.S Yields Through Key Levels

Five things the markets are talking about On the calendar front this is a busy week in capital markets. The Fed is expected to increase fed funds for the first time in 12-months. On Wednesday, the FOMC will issue both its policy statement and quarterly forecasts while Janet Yellen will take questions that will bridge […]

Euro Bears Looking to Sell on Rallies

Five things the markets are talking about An expansive monetary policy buys time for reforms, but too much stimulus creates an unstable financial market. The ECB’s decision to reduce their monthly bond-buying rate as of April next year sends the market the correct message, especially after the disappointing result of last weekend’s Italian referendum. By […]

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