Barcelona conference loved palladium, shrugs at gold prices… GOLD PRICES again proved the least interesting and least discussed issue at this year’s LBMA conference, writes Adrian Ash at BullionVault. Palladium everyone loves. It’s got narrative (gasoline hybrid autos need pall’ catalysts, while platinum’s diesel market is hated by lawmakers and headline-writers) plus momentum […]
Morning Report: 07.00 London This morning, the Japanese yen remains on the back foot after heavy selling yesterday. Investors are nervous ahead of the weekend’s elections. Following recent shock populist results, investors are steeling themselves for an outside shock. The USD/JPY remains in an elevated position, with the AUD/JPY pushing higher. The latter is pushing […]
Morning Report: 07.00 London This morning, the pound is on the back foot after inflation data came in below expectations yesterday. CPI held firm but other metrics including RPI, HPI and PPI rose less than expected. The US dollar has continued to make gains, putting pressure on the dollar pairs, especially the EUR/USD which is […]
Morning Report: 07.00 London This morning, the pound is steady ahead of today’s inflation data where CPI and RPI are expected to rise. The EUR/GBP is slipping lower again. The US dollar is on the rise, pushing dollar pairs generally lower. The EUR/USD is down, as is the NZD/USD. The GBP/USD is unchanged, while the […]
Precious metals history and macro-outlook from LBMA conference… LITTLE so far on precious metals prices or supply and demand at LBMA 2017 here in Barcelona, writes Adrian Ash at BullionVault. Not directly at least. But the market itself cares little about price direction. The refiners, carriers, vaulters, dealers, brokers and bankers meeting at the London […]
Morning Report: 07.00 London This morning, the euro is trading lower after Austria opted to elect the world’s youngest leader at 31, with the far right freedom party scoring its best results in two year. The EUR/GBP is trading lower again, while EUR/USD slips for the third day in a row. Dollar pairs are on […]
Morning Report: 07.00 London This morning, the British pound remains positive after receiving a boost yesterday. Despite the usual negotiation noises from both sides, there appear to be genuine hopes as the EU appear to be offering the UK a two year transition deal. The GBP/USD ended higher, with the EUR/GBP slumping. The dollar pairs […]
Independence a big issue as LBMA conference hits the Catalan capital… THIS WEEKEND kicks off the precious metals chit-chat and all-round fun-fest of the bullion market’s key industry event, writes Adrian Ash at BullionVault – the annual LBMA conference… …cleverly timed this year to take place in Barcelona. You’ll find all the […]
Morning Report: 07.00 London This morning, the US dollar is continuing to sell off after last night’s Fed minutes revealed a divided Fed who are unsure on how to deal with persistently low inflation. The US dollar index dropped yesterday and is showing renewed weakness this morning. Dollar pairs have consequently enjoyed gains, led by […]
Morning Report: 07.00 London Most dollar pairs enjoyed strong gains, with the EUR/USD making a strong advance. This morning, dollar pairs are decidedly mixed, with the GBP/USD and AUD/USD making small losses, while the EUR/USD is unchanged. The euro’s gains came as Catalonia stopped short of formally requesting independence, opting instead to take a middle […]
Morning Report: 07.00 London For the first time in a number of sessions, the US dollar has significantly backed off this morning. The US dollar index is on the back foot, helping the main dollar pairs to rise. The AUD/USD is leading the charge, up 0.41%, with the NZD/USD higher but lagging. The euro doesn’t […]
Measured and authoritative. So there… SO WHAT qualities might Donald Trump want in the next chair of the Federal Reserve? asks Adrian Ash at BullionVault. “We’ll do whatever we can do to prevent Kevin Warsh from taking on the role,” says Jennifer Epps-Addison, president of the self-declared ‘pro-worker, pro-immigrant’ Center for Popular Democracy. […]
Morning Report: 07.00 London This morning, the British pound is recovering after it emerged that the ONS released a data error which underplayed wage growth inflation. Coupled with this, Theresa May appears to have staved off a leadership challenge for now. The GBP/USD is trading higher again, while the EUR/GBP has slipped lower. It was […]
Morning Report: 07.00 London This morning, the US dollar is on the rise, following up on yesterday’s gains from renewed Fed rate hike talk and better than expected unemployment claims. Analysts are expecting a relatively small increase in payrolls of 82k today. Dollar pairs are on the back foot, especially the AUD/USD which is being […]
Morning Report: 07.00 London This morning, the US dollar is showing moderate gains after backing off yesterday. US data was on the positive side yesterday with ADP Payrolls and ISM Manufacturing coming in slightly above expectations. Dollar pairs are on the back foot this morning after most made minor gains yesterday. The Australian dollar is […]
Morning Report: 07.00 London The US dollar index is back on the rise this morning ahead of today’s ADP payrolls from the US. The dollar pressure eased yesterday and this morning, helping most dollar pairs to make gains. The main exception is the GBP/USD which continues to struggle. The GBP/JPY has made further losses while […]
Morning Report: 07.00 London The US dollar is continuing to set the pace, extending the rally that has been growing since September 11th. Yesterday’s stronger than expected ISM Manufacturing helped reaffirm the current trend. Dollar pairs have been on the back foot since the middle of the month and this trend is continuing this morning […]
Ermine for idiots, profits for bankers. And for savers? Risk… EVEN a stopped clock tells the right time twice a day, writes Adrian Ash at BullionVault. And 10 years ago this week, the minute-hand slowly turned towards a dark midnight which gloomy gold bugs like us had long predicted. We like to […]
Nor 100% about the Dollar. Just in time for Goldman Sachs to catch on… NICE to see Goldman Sachs spotting what matters 3 months late, writes Adrian Ash at BullionVault. “It is tempting to blame the rally in gold prices on recent events in North Korea,” says a note from the US investment […]
So the daily correlation data say at least… SO APPARENTLY, the latest pop and retreat in gold prices has all been about the nuclear stand-off between the US and North Korea, writes Adrian Ash at BullionVault. “Gold falls on rising risk appetite as N.Korea tensions ease,” says Reuters. And fair enough. Trump […]
“Whatever it takes” has so far equaled $15 trillion of QE… WEDNESDAY this week marks the 10th anniversary of what pundits, analysts and most investors now agree was the start of the global financial crisis, writes Adrian Ash at BullionVault. If they had been paying attention when the interbank credit markets first froze […]
Politics and Hard Brexit talks will be the biggest influence on the GBP/JPY in the short term . Emman Xuereb, TraderTik Ltd. Related Posts:EUR/USD: “Echoes of Nonfarm Payrolls” and Increased Risk… November 6, 2023 The EUR/USD pair started the trading week fairly calmly. During…Change in market sentiment raises risk appetite and… November 6, 2023 Global […]
The direction of the GBP/NZD depends on China for the NZD and Brexit negotiations once Article 50 is activated for the GBP. Sakis Paraskevov, IronFX Global. Related Posts:Can Tesla’s earnings overshadow valuation risks? – Stock… October 11, 2023 Tesla expected to report sharp decline in earnings for Q3…
Wall Street traded mixed as gains in the Telecom and Utilities sectors led shares higher, and losses in the Oil and Gas sectors led shares lower. The Dow Jones rose by 0.13% and the NASDAQ lost 0.34% from its value. The US dollar traded lower against other major currencies as investors focus on upcoming central bank meetings. Today, the US Unemployment Claims is expected at 263K vs. 254K previously and the PPI at 0.3% vs. […]
Wall Street finished in the green with the S&P 500 and the Dow Jones continuing the bullish rally. The Dow Jones rose by 0.66% and the NASDAQ added 0.69% to its value. The US dollar traded low against most major currencies with the JOLTS Job Openings coming less than expected at 5.50 million. In addition, the Wholesale Inventories came out at 0.1% vs. 0.7% previously. Today, the Import Prices is expected at 0.6% vs. […]
The rally in equities and other risk assets continues as Japan announces another round of fiscal stimulus. The EUR/USD pair is going nowhere and looks to be consolidating around the 1.11 level. The USD/JPY pair has risen sharply following the announcement of more Japanese stimulus. The yen is very weak everywhere. The GBP/USD pair has seen a continuing recovery, to lean on 1.3050 for support. It seems 1.3160 is on the way. © Prabhu for […]
Wall Street finished in the green with the S&P 500 gaining an all time record. The Dow Jones rose by 0.44% and the NASDAQ added 0.64% to its value. The US dollar traded higher against most major currencies as the positive Non Farm Payroll result supported the greenback. The Labor Market Conditions Index came out at -1.9% vs. -3.6% previously. Today, the JOLTS Job Openings is expected at 5.74 million vs. 5.79 […]
Strong US jobs growth data last Friday pushed the key US stock index to a record high. The US dollar has strengthened a little as markets see more chance of a December rate hike. The EUR/USD pair is going nowhere and looks to be consolidating around the 1.11 level. Gold dipped sharply last Friday, but then recovered quickly to make a high near $1.375. The environment is positive for precious metals. […]
Wall Street finished in the green with the Non Form Employment Change coming out better than expected. The Dow Jones rose by 1.40% and the NASDAQ added 1.64% to its value. The US dollar traded higher against most major currencies as investors believe that the Fed may raise the interest rate sooner than expected due to the positive Non Farm Payroll result. The Unemployment rate came out at 4.9% vs. 4.8% […]
Two weeks after the Brexit vote, the markets are still feeling the effects. The British pound finished positive on Friday, with the GBP/USD pair going up by 46 pips, to close at 1.2954. The EUR/USD pair on the other hand was less fortunate, to close at 1.1051, after dropping by 12 pips. The AUD/USD pair closed with a boost of 90 pips, to close at 0.7564. After slipping this past week, Oil closed positively on Friday. […]
