Morning Report: 07.00 London This morning, the US dollar remains at the highs as US tech earnings continue to impress. US advanced GDP also came in above estimates on Friday. Dollar pair earnings are mixed this morning though, with gains for the EUR/USD and GBP/USD, but losses for the AUD/USD. The pound is steady this […]
GOLD PRICES fell back Friday after new US data showed strong GDP growth but slower inflation, putting the metal on track for its lowest weekly finish in six against the Dollar below $1318 per ounce. Adjusted for inflation, the world’s largest economy expanded at an annualized pace of 2.3% in the first 3 months […]
Morning Report: 07.00 London This morning, euro remains under pressure following yesterday’s downbeat ECB meeting. Markets are re-assessing prospects for the euro after Mario Draghi pointed to the slowdown in Q1, questioning whether it was temporary or permanent. The EUR/USD is unchanged today after hefty selling yesterday, the EUR/JPY is following a similar track. The […]
Morning Report: 07.00 London This morning, the dollar index is slightly on the back foot, following further gains yesterday. Nevertheless, the dollar remains near three month highs as tech giants such as Facebook impress with their earnings. The EUR/USD continues to lag ahead of today’s ECB meeting. No change is expected, but long term forward […]
GOLD BULLION fell to 5-week lows against a rising US Dollar in London trade Wednesday, dropping as world stock markets caught up with yesterday’s fall in New York’s stock market. Ahead of tomorrow’s policy decision from the European Central Bank, the Euro price of gold was unchanged around €1084 per ounce, little moved from […]
Morning Report: 07.00 London This morning, the US Dollar index continues to rise, fuelled by worries over US earnings and soaring treasury yields. Dollar pairs are on the back foot once again, with the AUD/USD leading the fallers. The Aussie is now down 1.2% on the week, breaking the 0.7600 level. The EUR/USD and GBP/USD […]
GOLD MINING shares rose as the broader stock market rallied Tuesday while the rise in US bond yields paused with 10-year rates just shy of 3%. Gold bullion prices bounced $5 per ounce from yesterday’s 2-week low, touching $1328 as London opened for business. That left gold little changed around last Friday’s finish […]
Morning Report: 07.00 London This morning, the US dollar index is pausing after extending it’s impressive bull run yesterday. US treasury yields approached 3% as earnings from tech giants continued to impress. The dollar pairs are recovering, with small gains this morning following another day of losses. The GBP/USD made it five straight days of […]
The GOLD / SILVER RATIO rose from near 2-month lows in London trade on Monday as both metals fell against a rising Dollar after new US data beat analyst forecasts. With manufacturing activity and sales of existing homes both stronger than Wall Street predicted, world stock markets held flat as falling bond prices saw […]
Morning Report: 07.00 London This morning, world markets have a positive bias on expectations of a positive resolution to North Korea talks and the China trade dispute. The US dollar index initially gapped higher at the open, but has since slipped back to unchanged levels. The AUD/USD is leading the charge, recovering from the opening […]
GOLD slipped Friday in London but silver prices spiked to 11-week highs as US President Donald Trump berated the Opec oil cartel for “artificially” pushing energy prices up to 4-year highs by discussing new output cuts. Asian stock markets fell but Europe held flat on the day, keeping the Stoxx Europe 600 Index unchanged […]
Morning Report: 07.00 London This morning, the British pound is falling further following yesterday’s comments from BOE chairman Mark Carney. A May rate hike now seems increasingly unlikely and the GBP/USD has rapidly erased seven days worth of gains in just three days. In addition, the ‘beast from the East’ storm appears to have had […]
SILVER PRICES extended their sharp rally in London trade Thursday, reaching new 11-week highs for US investors at $17.30 per ounce while gold edged back from an overnight rise. Tokyo and Shanghai’s stock markets closed the day higher, but other major equity markets held flat as base metals and crude oil pushed the CRB […]
Morning Report: 07.00 London This morning, the British pound remains under pressure, following two days of heavy selling. Pound bulls came in for a shock yesterday as UK inflation data came in well below estimates. CPI, RPI, PPI and HPI all came in below estimates, putting paid to previous expectations for an early Bank of […]
GOLD rose in London trade on Wednesday, recovering an overnight dip to reach $1352 per ounce for US investors and rising fastest against the ‘safe haven’ Swiss Franc and Japanese Yen currencies but outpaced by a sharp jump in the price of silver. Rising almost 2% in London trade, silver prices touched 11-week highs […]
Morning Report: 07.00 London This morning, the US dollar has continued to recover, adding to yesterday’s gains. The gains come following strong US data yesterday, with manufacturing sales, housing starts and industrial production coming in above expectations. The dollar pairs have been on the back foot, though are making small gains this morning. The pound […]
GOLD PRICES fell below $1340 per ounce lunchtime Tuesday in London, retreating to unchanged from this time last week against most major currencies after much-stronger than expected US home-building stats. March saw the number of new building permits rise 2.5% said the Census Bureau, with a revision to February’s data cutting the size of […]
Morning Report: 07.00 London This morning, the British pound remains firm, with the GBP/USD climbing to its highest level since the shock of Brexit saw levels plunge. Hopes of a strong transition deal and upbeat expectations for UK average earnings and unemployment claims have helped the pound to push higher. The GBP/JPY has continued to […]
GOLD PRICES spiked against a falling Dollar in late London trade on Monday, recovering an earlier 0.5% dip as Moscow denied US claims that Russian forces have “interfered” with the site of last week’s deadly chemical weapons attack in Syria, while new data said US consumers spent more than analysts expected in stores and malls […]
GOLD PRICES failed to hold an overnight rally in London on Friday, dropping back to show no change for the week in Dollar and Euro terms as Moscow hit back at US sanctions and accused a “Russophobic campaign” of staging last weekend’s chemical attack on civilians in Syria. Trading back at $1337 per ounce, […]
Morning Report: 07.00 London This morning, the euro remains under pressure following yesterday’s sharp sell-off. The minutes from the last ECB minute showed a complete lack of any hawkish sentiment that many hope for and expected. The EUR/USD erased all of yesterday’s gains and most of Wednesday’s advances. Meanwhile, the EUR/GBP plunged to its lowest […]
GOLD PRICES slipped on Thursday in London, retreating further from yesterday’s 2.5-month high against the Dollar after the US Federal Reserve forecast stronger interest-rate rises ahead and US President Donald Trump dialled down his threat to hit Russia’s ally Syria with airstrikes. “Never said when an attack on Syria would take place. Could be […]
Morning Report: 07.00 London This morning, the US dollar and Japanese yen are on the rise as Syria tensions mount. With Trump threatening military action, stock markets continue to sell-off, while currency market reaction has remain relatively muted. The dollar and yen sold off again yesterday (mainly on the back of poor US CPI), but […]
GOLD PRICES rose in Asian and London trade Wednesday morning, rising above $1345 per ounce for the 6th time in 2018 so far amid worsening US-Russia tensions over Syria. Gaining 1.0% from the end of last week in US Dollar and Japanese Yen terms, the gold price rose less steeply for investors in other […]
Morning Report: 07.00 London This morning, the US dollar is slightly higher, but the damage from yesterday’s selling was significant. Dollar pairs have taken advantage of weakness, making big moves as risk-on trading takes hold. The biggest movement came on the USD/CAD which plunged in the favour of the Canadian dollar as oil prices hit […]
Morning Report: 07.00 London This morning, the US dollar is unchanged after another weak session on Monday. This weakness came about in large part due to the uncertainty sparked by the FBIs raids on the office of Trump’s lawyer and confidant Michael Cohen. The AUD/USD and NZD/USD are higher again on hopes of a bullish […]
GOLD AND SILVER PRICES slipped on Monday morning in London amid the ongoing uncertainty over the US/Chinese trade war and the air strikes in Syria, writes Steffen Grosshauser at BullionVault. Gold fell $6 from Friday’s close at $1333 per ounce after a volatile week while markets were waiting for the next move in the trade […]
Morning Report: 07.00 London This morning, the US dollar is falling off again, on the back of mixed US payroll data on Friday. Average earnings held firm while jobs and unemployment disappointed. This and ongoing uncertainty surrounding trade tariffs has heaped further trouble on the dollar. Dollar pairs are mixed this morning, as the EUR/USD […]
Google searches to ‘buy gold’ hit pre-crisis lows… “ON SALE!” says yet another email from yet another gold coin dealer, writes Adrian Ash at BullionVault. It isn’t the gold that’s on offer. Bullion itself is trading near the top of its last half-decade range priced in US Dollars. But coin and small-bar […]
GOLD PRICES jumped Friday lunchtime in London, briefly showing a weekly gain versus all major currencies bar the Canadian Dollar after US jobs data for March came in badly below analyst forecasts and world stock markets struggled to extend the week’s earlier rally as trade tensions between the US and China worsened yet further. […]
