Morning Report: 07.00 London This morning, the dollar is rebounding after yesterday’s reversal, putting renewed pressure on the dollar pairs that were unable to capitalise on yesterday’s benign conditions. One such pair is the NZD/USD which barely saw an upwards move yesterday. Other pairs such as the EUR/USD enjoyed bigger gains yesterday, so have further […]
GOLD BULLION rallied just $3 off a 1-week low versus the rebounding Dollar on Thursday as world stock markets fell after notes from the Federal Reserve showed the US central bank expects to keep raising its key interest rate in 2018. China’s stock market opened sharply higher on the first trading day of the […]
Morning Report: 07.00 London This morning, the dollar index is on the rise again, marking a potential five straight days of gains for the Greenback. The latest move came after last night’s FOMC meeting minutes revealed a Fed leading to further rate hikes sooner than expected. Dollar pairs sunk on the news, with the AUD/USD […]
GOLD PRICES struggled to recover from yesterday’s sharp drop against the rallying US Dollar in London on Wednesday, halving last week’s 2.2% gain as world stock markets fell, bond prices steadied and commodities edged higher. Retreating 2.6% from last Friday’s 3-week high at $1361 per ounce, the gold price in Dollar terms has now cut […]
Morning Report: 07.00 London This morning, the British pound remains in a strong position despite the ongoing US dollar recovery. The EUR/GBP dropped yesterday to test the 0.8800 level. The GBP/USD made small gains yesterday, while the EUR/USD and other dollar pairs made losses. Today we have some crucial data in the form of earnings […]
GOLD PRICES rallied from a brief dip below $1340 per ounce in London trade on Tuesday, rising against a firm US Dollar as New York traders returned from the long Presidents Day weekend. With China’s markets still closed for the New Year of the Dog celebrations, Asian stock markets closed lower while European equities […]
Morning Report: 07.00 London This morning, the US dollar has continued to rebound, with the US dollar index rallying for the third straight session. The bulk of this move started on Friday, but dollar pairs are still struggling in the face of it. The EUR/USD is firmly lower, as is the GBP/USD. The AUD/USD is […]
GOLD and SILVER PRICES remained steady on Monday morning in London against a rebounding US Dollar, write Steffen Grosshauser and Adrian Ash at BullionVault. With New York shut for Presidents Day – and ahead of meeting minutes due Wednesday from the US Federal Reserve’s latest policy meeting – global equity markets were mixed as […]
Morning Report: 07.00 London This morning, the US dollar continues to recover after a slew of positive data on Friday. Building permits, housing starts, import prices and preliminary UoM consumer sentiment all came in above expectations. The dollar index lifted from near three year lows on Friday and is pushing higher again this morning albeit […]
GOLD PRICES neared their highest weekly finish against the Dollar in almost 4 years on Friday, trading 3.0% up for the week as the US currency extended its drop on the FX market. Friday morning’s benchmarking auction in London set the highest AM gold price since late January’s 17-month high, finding a balance of […]
Morning Report: 07.00 London This morning, the US dollar index is on the slide again, threatening fresh 2018 lows as last week’s rate hike excitement subsides. Stock markets are riding to the highs again by contrast. The biggest winner this morning is again the Japanese yen, with the USD/JPY down 2.8% on the week and […]
GOLD BULLION hung onto four-fifths of its sharpest 1-day gain since August in London trade on Thursday, holding firm as world stock markets rose again despite longer-term US interest rates holding at multi-year highs after yesterday’s inflation data beat Wall Street forecasts. The Dollar fell again, with the single currency Euro briefing touching $1.25, […]
Valentine’s Day leap in yields and interest rates sees gold price rise… OKAY, this is weird, writes Adrian Ash at BullionVault. “Increase in US inflation sparks bond sell-off,” as the Financial Times reports. “Treasury yields hit 4-year highs,” the FT goes on, referring to the interest rate now offered by 10-year bonds, […]
Morning Report: 07.00 London This morning, the Japanese Yen has hit 15 month highs against the US dollar, sending the USD/JPY spiralling. This came despite bigger than expected US inflation data that sent Treasury yields sharply higher. The USD/JPY is now down 2.22% on the week, with the yen pairs generally nursing hefty losses on […]
GOLD BULLION prices fell as the Dollar jumped on stronger-than-expected US inflation data Wednesday, only to recover the drop as fixed-income bond prices fell, pushing longer-term interest rates higher once more. World stock markets also sank and then rallied on the news, with Germany’s Dax regaining a previous 1.0% loss by mid-afternoon in Frankfurt. […]
Morning Report: 07.00 London This morning, the US dollar continues to trade on the back foot ahead of today’s US inflation data. The US dollar index is now set to fall for three straight sessions. US retail sales are set to fall by 0.2%. This is helping the dollar pairs to rise again, led by […]
GOLD PRICES rallied again versus the weakening Dollar in London trade on Tuesday, briefly touching $1330 per ounce as the US currency extended its losses after President Trump sent his 2019 fiscal plan to Congress for approval. “After so stupidly spending $7 trillion in the Middle East, it is now time to start investing […]
Morning Report: 07.00 London This morning, world markets look set to extend their recovery, with the US dollar index backing off. The dollar pairs are generally higher, led by the EUR/USD which is setting up for two straight days of gains. The AUD/USD continues to push higher after Monday’s opening gap higher, while the NZD/USD […]
SPOT GOLD bounced back on Monday morning in London as the US Dollar declined after last week’s rally while investors wait for US President Trump’s spending plan and inflation data, writes Steffen Grosshauser at BullionVault. Gold Prices started the week by rallying from $1316 to $1319 per ounce after their second consecutive weekly decline, while […]
Morning Report: 07.00 London After last week’s excitement markets appear stable, but the S&P 500 still remains down by 2% year to date. The dollar has backed off the pace this morning as Donald Trump prepares massive infrastructure plans – another potential risk event for market traders. The weak dollar is helping the dollar pairs […]
GOLD PRICES steadied against the rising Dollar on Friday but headed for the 3rd weekly loss of 2018’s six weeks so far at $1315 per ounce amid what traders called “carnage in the stock market.” Gold prices in all other major currencies bar the Japanese Yen held firm for the week, rising in Sterling […]
Morning Report: 07.00 London This morning, the dollar index is recovering after the latest bout of volatility which saw the Dow Jones lose more than 1000 points. The dollar made small losses, with gains made this morning. Generally, currency markets have avoided the worst of stock market volatility. The AUD/USD has continued its losing run, […]
GOLD PRICES bounced $10 per ounce from new 5-week lows against a rising US Dollar in London on Thursday, rallying to $1316 as Western stock markets also fell hard once again. Commodities held flat, but major government bond prices dropped, driving longer-term interest rates higher. Benchmark UK Gilt yields neared the highest since […]
Failing that, ask its pension fund for a few index-linked Gilts… The BANK of ENGLAND announced its latest policy decision in London today, writes Adrian Ash at BullionVault. In effect it told UK investors and savers to buy gold. Because gold tends to rise when interest rates fail to rise faster than the […]
Morning Report: 07.00 London This morning, the US dollar is mixed after yesterday’s rally in line with stocks. This comes as hopes rise for a breaking of the US budget deadlock. In turn, the dollar pairs are generally mixed. The NZD/USD is slipping lower as China and a neutral RBNZ weigh on the antipodean pairs. […]
GOLD PRICES rallied from yesterday’s near 4-week low against the Dollar on Wednesday but held below $1330 per ounce as world stock markets failed to follow Wall Street’s sharp bounce from the last week’s 6% plunge. Both the Euro and British Pound continued their retreat against the US currency on the FX market, helping […]
Morning Report: 07.00 London World markets rallied hard yesterday as after the worst sell-off since 2015. The question now remains whether this will prove to be a dead cat bounce or the catalyst for renewed highs. On forex markets, the dollar has continued to weaken after a volatile session yesterday. Some traders are betting that […]
GOLD PRICES fell $10 per ounce against a resurgent US Dollar on Tuesday in London, erasing this week’s earlier gain as world stock market sank for a third session running. Solid gold trading in Shanghai – where the Chinese stock market today sank over 3% – saw global quotes rise to $1345, with Tuesday’s […]
Morning Report: 07.00 London It is said that stock markets go upstairs and down escalators. This much is true of the current sell-off as 2018’s carefully fought gains are reversing in three brutal sessions. The S&P 500 is now negative for the year, with the Down Jones dropping over 1,000 points since last week’s high. […]
That is history’s view at least… GOLD PRICE up, stock market down, writes Adrian Ash at BullionVault. It hardly makes an auspicious first day for Jerome Powell’s tenure as chairman of the US Federal Reserve. Whether the legal scholar and former Fed governor can save the stock market after its near record-breaking […]
