Morning Report: 07.00 London This morning, the US Dollar is holding firm despite an apparent escalation of tariff threats from both sides of Pacific. Traders are more focussed on the positive potential for today’s Non Farm Payrolls data. Dollar pairs have a negative bias, with the likes of the GBP/USD and EUR/USD selling off again. […]
GOLD PRICES fell on Thursday as global stock markets rose sharply after US President Trump’s new economic advisor denied that the world’s No.1 economy has started a “trade war” with the No.2, China, but tensions over a military war between Nato members Turkey and Greece worsened. “There’s no trade war here,” former CNBC anchor […]
Morning Report: 07.00 London While stock markets have experienced volatility of late, in part due to trade tariff fears, currencies have taken more of a wait and see approach. The dollar appears to be rewarding the patience this morning as it makes gains on reports that the White House will be more flexible than previously […]
GOLD PRICES leapt against non-US currencies on Wednesday, erasing last week’s drop for Dollar investors and setting a new all-time high above platinum as the US-China trade war intensified, whacking world stock markets once more. As Wall Street futures pointed sharply lower, led by US automakers after China announced retaliatory tariffs following the Trump […]
Morning Report: 07.00 London This morning, the US dollar remains weak as the Trump administration revealed trade tariffs that are wider ranging than previously thought. Market reaction has been relatively muted, but the underlying trend remains pressure on the dollar. The AUD/USD continues to lift off the 2018 lows, with two days of solid gains. […]
GOLD PRICES edged lower against a rising US Dollar in London trading on Tuesday morning, erasing one-third of Easter Monday’s near-$20 gain as European stock markets caught up with Wall Street’s latest fall, dropping 0.5% by lunchtime. With analysts blaming US President Trump’s trade war with China and latest Twitter attacks on e-tailing giant […]
Morning Report: 07.00 London The US dollar index remains on the back foot this morning as tech stocks continue their sell off. Amazon in particular has been hit hard, with founder Jeff Bezos losing hundreds of billions since Trump took aim via his Twitter account. The dollar pairs have a positive bias, with the AUD/USD […]
GOLD PRICES slipped to new 1-week lows against most major currencies on Thursday in London, but held on track for the highest close to a calendar quarter in 5 years in US Dollar terms. Crude oil retreated again from Tuesday’s new 2018 highs and silver fell harder than gold prices, dropping to $16.24 and […]
Morning Report: 07.00 London This morning, global risk appetite has dampened after US tech stocks sold off further last night. The yen is in demand, pushing the USD/JPY lower after yesterday’s solid gains. Other yen pairs are following suit, with the EUR/JPY and GBP/JPY slipping lower. The AUD/JPY appears to be bouncing around the lows. […]
GOLD BULLION again dipped to $1340 per ounce Wednesday morning in London and silver prices also re-touched their lowest since Friday as world stock markets extended yesterday’s 1.7% drop in US equities. Commodity prices fell for a second day as US bond prices jumped again, pushing the yield offered by 10-year US Treasury debt […]
Analysis of 3 key signals in Q1 2018’s gold price action… THANKS to Good Friday, this week ends early for gold investors and traders, writes Adrian Ash at BullionVault. Like pretty much all of the Western world’s bond and stock markets, the London gold market – center of the global wholesale trade – […]
Morning Report: 07.00 London The dollar index is unchanged this morning and holding yesterday’s gains which came amid news of a confirmed meeting between Trump and North Korea. While the dollar gained, stock markets sold off once more as tech stocks lost favour. The Aussie is making small gains after yesterday’s slump that saw it […]
GOLD PRICES slipped from an overnight spike to fresh 5-week highs against the falling US Dollar on Tuesday, dropping 1.1% as world stock markets jumped, extending yesterday’s strong rebound on Wall Street. After suffering its worst week since gold prices peaked in 2011, the US stock market yesterday recorded its strongest 1-day gain since […]
Morning Report: 07.00 London This morning, the US dollar has steadied after further losses yesterday. Stock markets have lifted off recent lows as traders embrace risk on hopes for a US-Chinese trade agreement. The dollar pairs are on the back foot, with selling led by the AUD/USD and NZD/USD. The EUR/USD and GBP/USD are steady, […]
GOLD PRICES rose and silver jumped against a falling US Dollar on Monday in London, trading near 5-week and 3-week highs respectively as global stock markets bounced amid negotiations between the US and China to avert a ‘trade war’ between the world’s two largest economies, writes Steffen Grosshauser at BullionVault. Gold overnight in Asian […]
Morning Report: 07.00 London This morning, the Japanese yen continues to flirt with 17 months highs as it continues as the currency of choice amid the trade war turbulence. The USD/JPY is unchanged after consistent losses last week. Other yen pairs have lifted slightly higher, with the AUD/JPY lead up, up 0.50%. The AUD/USD has […]
GOLD PRICES rose sharply against all major currencies on Friday, recovering even last week’s 1.5% drop in Japanese Yen terms while stocks and shares fell worldwide as Beijing hit back at Washington with plans for new import tariff rates on US goods arriving in China. President Trump’s new $60 billion tariffs on a raft […]
Morning Report: 07.00 London This morning, global markets are on the back foot as money flows into safe havens. Asian markets have been spooked by Trump’s tariff plans amid further political uncertainty as Trump names the new National Security Advisor. The yen is in demand, with the USD/JPY hitting its lowest level since 2016. Away […]
GOLD PRICES rose against all major currencies bar the Japanese Yen on Thursday, gaining after the Federal Reserve raised its key Dollar interest rate as expected but world stock markets fell amid what analysts called anxiety over US President Trump’s anti-free trade policies. Dollar priced gold rose above $1330 per ounce and Euro gold […]
Morning Report: 07.00 London This morning, the US dollar index remains weak, following yesterday’s slump sparked by the Fed. Jay Powell’s first FOMC meeting produced projections which point to a worrying lack of growth in 2019. This provides a real stick in the eye to Trump’s growth plans. The dollar pairs are mixed this morning […]
Cheering for Putin’s strong man gold policy…? A SHOCK decision from the US Fed to raise rates then! snarks Adrian Ash at BullionVault. Almost as shocking as the National People’s Congress in China making Xi Jinping president for life last week… …or the top central-bank job in Beijing going to long-time party […]
GOLD PRICES rose against all major currencies ahead of the Federal Reserve’s much-expected hike to Dollar interest rates on Wednesday, regaining last week’s $10 loss to trade above $1322 per ounce for US investors. Silver regained half of last week’s 1.5% loss to reach $16.45 as the broader commodity markets also rose, as did […]
Morning Report: 07.00 London This morning, the dollar index softer this morning as markets eye today’s FOMC meeting where traders are widely expecting the Fed to increase rates to 1.75%, their highest levels since September 2008. This follows a day of dollar strength and general dollar pair weakness. The dollar’s weakness is helping key dollar […]
GOLD PRICES rallied for the second time in two sessions from a dip below $1310 per ounce in London on Tuesday, holding onto a slight gain for 2018 to date against the Dollar ahead of tomorrow’s US Federal Reserve decision on interest rates, widely expected to bring the first of four quarter-point hikes this year. […]
Morning Report: 07.00 London This morning, the British pound remains strong after apparent key Brexit breakthroughs yesterday. The EUR/GBP plunged at one point, eventually closing lower but above the extremes of the day. The GBP/USD and GBP/JPY rose sharply yesterday, with additional small gains this morning. The euro itself took a back seat yesterday but […]
GOLD PRICES extended their losses on Monday morning in London after Russian President Vladimir Putin scored a landslide election victory ahead of interest-rate decisions by the US Fed and the Bank of England this week, writes Steffen Grosshauser at BullionVault. Already down 0.8% last week, gold priced in the Dollar slid to its lowest […]
Morning Report: 07.00 London This morning, the US dollar is extending its recent winning run, enjoying its strongest weekly streak in five months. This comes despite US political uncertainty, with investors choosing to focus on the potentially hawkish new fed chair Jay Powell. The AUD/USD remains under severe pressure, extending recent losses after hefty selling […]
GOLD PRICES sank on Friday despite yet worsening tensions over the attempted assassination of a former Russian spy in the UK, falling to 2-week lows versus the Dollar following stronger-than-expected US industrial output data. Moscow is “overwhelmingly likely” to have ordered the attack on Russian defector Sergei Skripal and his daughter Yulia with a […]
Morning Report: 07.00 London This morning, the US dollar is on the retreat after an Empire State inspired surge yesterday. The dollar index hit a weekly high yesterday, but already half of those gains have been lost this morning as traders fret over US political uncertainty this morning. The dollar pairs are mirroring these moves […]
GOLD PRICES were unmoved Thursday by worsening tensions between Nato and Russia over the poisoning in Britain of a former spy, holding $5 below last week’s finish to trade at $1318 per ounce as world stock markets also held flat overall. Silver also slipped, trading 1% down for the week so far at $16.43 […]
