Gold price flattens as US Dollar steadies and GBP flips ahead of BoE

Gold, XAU/USD, US Dollar, GC1, Bond Yields, BoE, PBOC, Fed, AUD – focused topics Gold prices softened in the face of rising government bond yields PBOC tilted policy and now BoE moves into focus after UK CPI data The US dollar could be the key for XAU/USD in this eventful week The gold price struggled … Read more

Poor start to the week; Chinese shares weighed down: Asia Day Ahead

The major US indices started the shortened trading week in the red (DJIA -0.72%; S&P 500 -0.47%; Nasdaq -0.16%), although the significant narrowing of losses at lunchtime, especially for the Nasdaq, may still reflect some strength among buyers. The energy sector (-2.3%) weighed most heavily on the market’s performance overnight, reflecting a drop in oil … Read more

Asia Day Ahead: FED Chair Takes the stage with Breakneck Comments

Federal Reserve (Fed) Chair Jerome Powell took the stage yesterday with a series of hawkish comments and while Fed funds futures did not register much change in terms of interest rate expectations, US equities seem to take his words more seriously (DJIA -0.30%; S&P 500 -0.52%; Nasdaq -1.21%). The Fed Chair maintained his stance that … Read more

Weekly Markets: S&P 500, Gold, US Dollar, Powell, BOE, Japan Inflation, RBA Minutes

Global equity markets rose to a 14-month high, while the US dollar fell to a one-month low on hopes that US interest rates have peaked and further stimulus measures are expected from China. The MSCI All Country World Index rose 0.6%, the S&P 500 Index rose 2.6% and the Nasdaq 100 Index rose 3.8%. Germany’s … Read more

Japanese Yen strengthens after intervention warning, while the US Dollar stabilizes.

Japanese Yen, USD/JPY, US Dollar, BoJ, Kanda, China PMI, Debt Deal – Topics to Analyze Traders in the Japanese yen are eyeing the possibility of intervention. The US dollar is treading water as government bond yields fell ahead of the debt deal. The Chinese purchasing managers’ index disappointed and growth-related assets fell. The Japanese yen … Read more

Weekly Market: S&P 500, Gold, US Dollar; US ISM, Eurozone Retail Sales, RBA, Japan Econ Watchers, China Inflation

Global equity markets rose, led by solid gains in US equities, as markets welcomed the passage of a debt ceiling bill that averted a catastrophic US default. Debt negotiations in Washington have been the focus of market attention in recent weeks, and the passage of the bill raising the government’s $31.4 trillion debt ceiling removed … Read more

Forecast: EUR/USD Recovery Depends on Debt ceiling deal

EUR/USD PRICE, CHARTS AND ANALYSIS: The euro did not have its most productive week as losses continued against the dollar while it fluctuated between losses and gains against the pound. However, the EUR/USD pair remained the most interesting, posting losses against the US dollar for the fourth week in a row. European Central Bank (ECB) … Read more

Crude Oil Rises on Hopes of a Debt Ceiling Deal-Will WTI break out?

Crude Oil, US Dollar, Debt Ceiling, TOPIX, ASX 200, Federal Reserve – Topics Crude oil prices were somewhat supported by the prospect of a solution to the US debt ceiling. The Fed reminded markets that the path of future interest rates is a matter of conjecture. Will WTI rally if sentiment is fueled by the … Read more

Crude oil price gets punished ahead of Fed over recession fears. Will WTI fall further?

Crude Oil, US Dollar, Gold, Treasuries, Fed, FOMC, CAD, NOK – Discussion Highlights Crude oil prices have fallen further on concerns about a slowdown in the US economy. US banks remain in focus and some familiar names are under pressure. All eyes are on the Fed today. Will their aggressive statements put pressure on the … Read more

Japanese Yen Retreats as US Dollar Takes Flight Despite Debt Debacle. Higher USD/JPY?

Japanese yen, USD/JPY, US dollar, PBOC, Yellen, Biden US debt ceiling – discussion topics The Japanese yen weakened after domestic CPI and PPI figures rose. China’s PBOC increased liquidity, but equity markets barely reacted. The US debt ceiling is causing turmoil in the markets. Will it drive the USD north? The Japanese yen depreciated again … Read more