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

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

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