Morning Report: 07.00 London The dollar index is making gains again this morning as traders raise their hopes of a trade meeting between Xi and Trump. In addition, yesterday’s disappointing economic data is being overridden by positive expectations for today’s Non Farm Payroll release. Most dollar pairs are on the back foot, with the AUD/USD […]
CENTRAL BANKS choosing to buy gold in 2018 saved the metal from its worst year for global demand since the economic crash of 2009, new data showed Thursday. Gold prices meantime extended their New Year 2019 surge after the US Federal Reserve held its key interest rate unchanged. Promising to remain “patient” on […]
Morning Report: 07.00 London The US dollar index is on the back foot after the FOMC posted a cautious stance yesterday. The dollar pairs are on the front foot, led by the AUD/USD which is building on yesterday’s solid rally which took the pair above 0.7250. The EUR/USD is climbing for the fifth straight day […]
GOLD INVESTMENT prices hit 8-month highs at the start of London trade Wednesday, reaching almost $1316 per ounce in US Dollar terms as world stock markets held flat overall ahead of today’s Federal Reserve interest-rate and policy announcement. London’s FTSE100 index of mostly foreign-earning corporations rose most steeply, adding 1.4% as the UK’s Prime Minister […]
Morning Report: 07.00 London The US dollar is on the back foot this morning ahead of this evening’s FOMC meeting. Markets are expecting no change, but traders will be alert for any hints of future direction. The AUD/USD is one of the top performers, rallying following the release of inflation data that came in above […]
GOLD PRICES in the London wholesale market touched an 8-month high at $1310 per ounce Tuesday as European stock markets rallied and crude oil rose. Gold priced in the so-called ‘safe haven’ Swiss Franc gold also rose to its highest since May 2018, gaining above CHF1300 per ounce, while gold prices for Eurozone investors […]
Morning Report: 07.00 London The British pound is maintaining its moderate sell-off as Tory division and the realism of Theresa May’s revised plans cause the week’s previous Brexit confidence to wane. The GBP/USD is down only slightly, but this comes amid a morning of general strength for dollar pairs. Similarly, the GBP/JPY is unchanged while […]
GOLD PRICES held firm on Monday near last week’s spike to 7-month high above $1300 as investors and traders await the US Federal Reserve’s key policy announcement, due Wednesday. The US Dollar rallied on the FX market after hitting 1-week lows on Friday’s report from the Wall Street Journal that the Fed may pause […]
Morning Report: 07.00 London This morning, the dollar index is selling off further, following Friday’s slump which saw a switch to risk taking on the reopening of the US government departments and a resumption of US-China trade talks. The AUD/USD is building on Friday’s gains which saw the Aussie recover all the previous losses for […]
GOLD PRICES popped to 1-week highs in London trade Friday, rising to show a small gain for 2019 to date at $1285 per ounce as geopolitical tensions worsened over Venezuela and the United States’ relationship with China. Silver prices also halved last week’s drop to trade just below $15.50 per ounce, while platinum popped […]
Morning Report: 07.00 London The dollar index is on the back foot this morning, helping dollar pairs to make tentative gains. The EUR/USD is recovering after hefty losses yesterday that saw the pair slip to test the 1.1300 level. The AUD/USD is also making small gains, but the down swing from the January highs is […]
GOLD BULLION failed for the 3rd session running to hold a rally above $1285 per ounce in London on Thursday, edging $6 down despite new data showing manufacturing growth slowing worldwide in New Year 2019. Japan has “stalled” after its best run in a decade, says the Financial Times of today’s Nikkei PMI survey, […]
Morning Report: 07.00 London Sterling is slipping back slightly this morning after strong gains yesterday on emerging campaigns to block a no-deal Brexit. The GBP/USD garnered headlines after pushing through the 1.3000 yesterday and testing 1.3100 briefly this morning before giving some gains back. The GBP/JPY is faring better, with follow-on gains so far as […]
GOLD PRICES fell back below last week’s closing level of $1280 per ounce in London on Wednesday, trading unchanged for 2019 so far as rumors said the UK’s opposition Labour Party is moving to block a “no deal” Brexit when the country’s quits the European Union on 29 March. Gold priced in Sterling fell […]
Morning Report: 07.00 London The dollar index is slipping back slightly as global risk appetite returns. The AUD/USD is performing well following yesterday’s sub-par performance, recovering half of yesterday’s losses. The EUR/USD is also on the rise, bouncing off support around 1.1350. The GBP/USD is lagging though following yesterday’s rally that saw it push towards […]
GOLD BULLION popped to a 2-session high near $1285 per ounce in early London trade Tuesday before easing back as world stock markets fell and ‘safe haven’ government bond prices rose. The British gold bullion price in Pounds per ounce held near the lowest since Christmas at £993 as a variety of UK lawmakers […]
Morning Report: 07.00 London The dollar index is on the rise as traders seek out reassurance following the IMF’s cut to global growth forecasts. The AUD/USD is slipping back from the 0.7200 level, making losses for the third day in a row. The EUR/USD continues to reverse from the failed assault on the 1.1500 level […]
GOLD PRICES edged down on Monday, erasing 2019’s Dollar gains-to-date after the metal’s No.1 consumer nation China posted its slowest economic growth in nearly three decades, writes Atsuko Whitehouse at BullionVault. Spot gold declined for US investors to $1278 per ounce – down $20 from New Year’s spike to 7-month highs – after Beijing […]
Morning Report: 07.00 London The Japanese yen is in demand as China’s economy grows at its slowest rate since 1990. This drop was expected, yet still the confirmation is enough to funnel interest into the Japanese yen and away from the US dollar. Yen pairs have gapped lower this morning, falling just short of fulling […]
GOLD PRICES fell out of this week’s tight trading range in London on Friday, falling near the lowest Dollar rate of 2019 to date as world stock markets rose sharply. The metal held a small weekly gain in terms of the Euro, Swiss France and Japanese Yen, but UK investors saw gold priced in […]
Morning Report: 07.00 London Markets are quiet this morning as traders pause for breath following yesterday’s moves. The British pound remains in a strong position, with the GBP/USD sitting just below 1.3000 following Thursday’s sizeable rally. The GBP/JPY is higher for the fifth day out of six, while the EUR/GBP continues to slump after euro […]
GOLD PRICES held tight against the Dollar yet again on Thursday, trading unchanged for the week so far at $1292 per ounce as politics again dominated the headlines in Europe. The US currency edged higher after new data showed a drop in claims for weekly jobless benefits in the world’s largest economy, but applications […]
Morning Report: 07.00 London The British pound remains steady and in line with other pairs after Theresa May survived yesterday’s no confidence vote. The pound outperformed other currencies yesterday, particularly the euro which is lagging on growth concerns. The EUR/GBP dropped below 0.8850 for the first time since December and is holding those losses this […]
GOLD PRICES held flat for the week so far in Dollar terms on Wedneday, trading in London’s wholesale bullion market at $1290 per ounce as global stock markets rose despite the ongoing US government shutdown and fresh political turmoil in the UK over Brexit. Major economy bond prices slipped, edging long-term interest rates higher […]
Morning Report: 07.00 London It has been a volatile 24 hours for the British pound, with the last night’s Brexit vote culminating in a larger defeat than expected for Theresa May’s proposal and the prospect of a no confidence vote. Markets have taken a positive interpretation on this, that the government will have to take […]
GOLD PRICES held little changed in a tight range in terms of all major currencies on Tuesday as Asian equities rose but European stock markets held flat ahead of the UK Parliament’s “meaningful vote” on Prime Minister Theresa May’s Brexit deal. With the Withdrawal Agreement proposed by May and the European Union set for […]
Morning Report: 07.00 London The British pound is relatively strong ahead of today’s parliamentary vote on Theresa May’s Brexit proposals. The bill is widely expected to fail, but the key question is the degree to which this has already been priced into current prices. The other competing driver right now is the Bank of England’s […]
GOLD PRICES dropped $6 to erase an overnight rise at the start of US trading on Monday, moving back to last week’s finish of $1290 per ounce as world stock markets fell even as major government bond yields slipped once more. “The geopolitical risks have started to induce some safe-haven buying,” reckon analysts at […]
Morning Report: 07.00 London The dollar index remains in a restricted trading range this morning as the US governmental shut down becomes the longest such deadlock in history. The crux of the matter remains payment for Trump’s wall across the Mexican border. This and disappointing China export data has pushed money into the perceived safety […]
GOLD PRICED in the US Dollar showed a 0.5% weekly gain as New York trading began on Friday, holding at $1293 as European stock markets slipped amid a fresh round of political turmoil. “Up until now people have been quite rightly worried about the prospects of no deal” for the UK’s March exit from […]
