GOLD PRICES outpaced a drop in world stock markets on Tuesday in London, dropping $10 per ounce from the US Labor Day weekend as the Dollar resumed its climb versus other currencies but reaching its highest value against silver since March 1995 as the gray metal sank on the bullion market. Emerging-market currencies fell hard […]
Morning Report: 07.00 London The Australian dollar is on the rise this morning despite an uneventful RBA meeting which at least didn’t provide any dovish shocks. The AUD/USD is rising again off support around 0.7200, while the AUD/JPY is similarly rising off 80.00. The pound remains soft after the GBP/USD gapped lower on Brexit fears […]
LABOR DAY 2018 saw global gold bullion prices edge back to $1200 per ounce in quiet trade on Monday, down 0.3% for the day, as US markets stayed closed for the end-of-summer holiday. Asian and European equities ticked lower, also in quiet trading, as crude oil rose to 2-month highs and the other precious […]
Morning Report: 07.00 London The British pound is the main mover following Barnier’s rejection of May’s Chequers plans. This has sparked a near complete reversal of last weeks rally, with the pound gapping lower against all major currencies this morning. The GBP/JPY is the biggest loser, down by 0.51%. Dollar pairs are performing well, with […]
GOLD BULLION prices held above $1200 per ounce for US Dollar investors in London trade Friday but neared the end of August lower for the fifth month running. Matching the worst runs of gold’s 1990s’ bear market, that stretch has only been beaten once – back in 1989 – since benchmark London bullion prices […]
Morning Report: 07.00 London This morning, safe havens are firmly in play as investors fret over the state of Argentina and Turkey, alongside the impact of fresh tariffs landing on China. The Japanese yen is in strong demand, with the USD/JPY dropping below 111.00 again this morning after yesterday’s heavy reversal. The AUD/JPY is down […]
GOLD PRICES rose back to last week’s closing level around $1205 per ounce in London on Thursday as new US data put inflation up in line with the Federal Reserve’s official target for the first time since spring 2012. The personal incomes and outlays report for July said the cost of living rose 2.3% […]
Morning Report: 07.00 London The New Zealand and Australian dollars are the main movers, with the NZD/USD down 0.92% and the AUD/USD down 0.42%. The Aussie is dropping after poorer than expected CAPEX data this morning. The pound is holding yesterday’s gains made after the EU’s Michel Barnier proclaimed a special deal for the UK, […]
GOLD PRICES held little changed in Dollar terms alongside global stock markets on Wednesday, trading back in line with last week’s finish at $1204 per ounce as commodities rose together with longer-term interest rates on major government bonds. Tuesday’s rally in US gold prices failed to stop the giant SPDR Gold Trust (NYSEArca:GLD) suffering […]
Morning Report: 07.00 London The dollar index is higher this morning, but the Greenback remains near 14-week lows. After the conclusion of Mexico negotiations, attention now turns to Canada, with the Canadian dollar making gains this morning on the back of a four-day run. The EUR/CAD is reversing recent gains, while the GBP/CAD is testing […]
GOLD PRICES hit 2-week highs against a falling US Dollar on Tuesday as world stock markets extended their rally towards or above January’s all-time record highs. Political tensions worsened in Europe over both government budgets and immigration, while US President Donald Trump hailed a revamped Nafta trade agreement with Mexico which doesn’t include fellow […]
Morning Report: 07.00 London The dollar index is staging a small rebound after yesterday’s hefty sell-off. Yesterday’s NAFTA announcement helped markets generally, but Trump’s devaluation rhetoric kept a lid on dollar advances. The EUR/USD is slipping below the 1.1700 level after gapping higher yesterday. These gains are outpacing the GBP/USD which has lost most of […]
GOLD PRICES rose on Friday morning in London while the Dollar fell ahead of the US Fed Chairman’s speech at the Jackson Hole Symposium, writes Steffen Grosshauser at BullionVault. Gold rose to $1191 after it slipped to $1184 in the previous session when it ignored weaker-than-expected US housing and disappointing manufacturing PMI data but still stood […]
Morning Report: 07.00 London The Australian dollar is rebounding as Scott Morrison emerges to become the new Prime Minister. The AUD/USD sunk heavily yesterday, but the pair has recovered half those losses this morning. The AUD/JPY is recovering quicker after smaller losses yesterday. The euro continues to out-perform and is now the top performer on […]
Morning Report: 07.00 London The Australian dollar is struggling as the Australian government seeks to control the chaos of a potential coup. The AUD/USD is down 0.84%, with the AUD/JPY off by 0.57%. The US dollar is stronger overall, reversing the gains made over the last seven days. The EUR/USD has reversed yesterday’s gains, while […]
Morning Report: 07.00 London The dollar index is slightly firmer again this morning, but the trend remains against the safe haven assets of the dollar and yen. Markets are recovering some confidence that there won’t be an all out trade war that destroys global trade. The EUR/USD is unchanged after solid gains yesterday, recovering the […]
Morning Report: 07.00 London The dollar index is under pressure, with dollar pairs building on yesterday’s gains. Trump downplayed the prospects for trade talks with a China and criticised the Fed’s rate hike trajectory. The AUD/USD is now set for its fourth day of solid gains. The EUR/USD and GBP/USD are following a similar trend, […]
GOLD PRICES edged higher on Monday morning in London amid Turkey’s currency crisis and ahead of US-China trade talks, writes Steffen Grosshauser at BullionVault. The United States and China are set to hold lower-level trade talks on Tuesday and Wednesday this week – just before the new retaliatory tariffs from Washington and Beijing take effect, […]
Morning Report: 07.00 London The US dollar is in control in tentative trading this Monday morning. The AUD/USD has gapped lower after hefty gains on Friday following poor US consumer sentiment data on Friday. The GBP/USD and EUR/USD are retreating further after two days of gains. The USD/CAD sunk heavily on Friday as the Canadian […]
GOLD PRICES recovered from $1160 per troy ounce, a 19-month low yesterday. The Dollar indexed against a basket of major currencies, fell for a second day from a 14-month high on Wednesday, amid the US threatening to impose more economic sanctions on Turkey if it does not free a detained American pastor. It is still […]
Morning Report: 07.00 London The dollar index is on the back foot as traders drop their desire for safe havens while China-US trade talks progress. The AUD/USD is rising off the lows for the second day in a row. The EUR/USD is also increasing after bouncing off the 1.1300 level on Wednesday. The GBP/USD is […]
Morning Report: 07.00 London Emerging markets are recovering this morning, pulling demand for the safe havens of the US dollar and Japanese yen. This comes as the US and China are set to resume trade talks. The Australian dollar is surging, with the AUD/USD erasing two days of losses, with the AUD/JPY recovering yesterday’s sell […]
Morning Report: 07.00 London Markets are skittish this morning, with traders fretting over the potential for contagion from the turmoil afflicting emerging market currencies. The Turkish Lira is at the epicentre of the trouble, but the Indian Rupee and Honk Kong dollar are under severe pressure. Money is flowing into the perceived safety of the […]
Morning Report: 07.00 London The dollar pairs are rebounding, with the dollar index and other safe havens on the back foot. There is no good news specifically, more an absence of potentially bad news. Movements are slight though, with any gains potentially wiped out in a morning session. The EUR/USD is rallying off the 1.1400 […]
GOLD PRICES broke through $1200 per troy ounce, an 18-month low at Monday lunch time amid Turkish crisis pushing the dollar to a 13-month high and ripping through emerging markets currencies as Recep Tayyip Erdogan, Turkey’s president hit out at the US, writes Atsuko Whitehose at BullionVault. Dollar index (DXY), measuring the value of the Dollar against […]
Morning Report: 07.00 London This morning, emerging market currencies remain under severe pressure as Turkey moves to soothe world markets. The Turkish contagion is spreading to the Rupee and Rand as investors take fright and move to safe havens in Asian and America. The Japanese yen continues to draw in volume as traders bet on […]
Morning Report: 07.00 London The euro is set for a second day of heavy selling and is already down 0.57% today against the US dollar. The main driver is the ECB’s concerns over European banking exposure to the collapsing Turkish Lira. The EUR/GBP is reversing from the highs, following on from yesterday, but is still […]
GOLD PRICES moved sideways in a tight range around $1214 per ounce amid Russia’s strong reaction to the US issuing new sanctions against it with China hitting back against the latest US tariffs and the British pound continuing to plunge on concerns of a hard Brexit, writes Atsuko Whitehouse at BullionVault. Dmitry Polyanskiy, first deputy […]
Morning Report: 07.00 London The NZD/USD is struggling after the RBNZ opted to push out its interest rate forecast further into the future. The Kiwi is trading below 0.6700 for the first time this year. The British pound continues to struggle in the face of Brexit fears, with the GBP/USD trading at its lowest levels […]
Morning Report: 07.00 London The US dollar remains under pressure as the US administration raises tariffs on more goods in the trade war against China. The dollar index is lower for the second straight day, given most dollar pairs a boost. The EUR/USD continues to out-perform, rallying from Monday’s opening gap lower. The EUR/CHF has […]
