Morning Report: 07.00 London The US dollar index is reversing most of yesterday’s rally. Dollar pairs are back on the rise after some reversals yesterday. The EUR/USD was hit hard yesterday, falling to 1.1500 with moderate gains this morning. The GBP/USD is lagging this morning though after failing at the 1.2800 level yesterday. The AUD/USD […]
Morning Report: 07.00 London Despite Stock markets staging a recovery, the safe haven of the Japanese yen is in demand this morning. The USD/JPY is lower for the second straight day following yesterday’s reversal from the 109.00 level. The EUR/JPY is struggling to break through 125.00, while the GBP/JPY is set to test support at […]
GOLD PRICES in London wholesale market held unchanged for US Dollar and UK Pound investors on Wednesday but slipped to 1-week lows in Euro terms as world stock markets rallied for a 5th session running. New data today put the 19-nation Eurozone’s jobless rate down at 7.9%, a fresh 10-year low, while No.1 economy […]
Morning Report: 07.00 London Markets are mixed this morning following Trump’s address to the nation overnight. The US dollar index is marginally higher as China-US trade talks enter a third day and Trump’s national address did nothing to break the US government shutdown. Dollar pairs are showing little movement so far, with the AUD/USD and […]
GOLD PRICES fell below last week’s multi-month closing high against all major currencies on Tuesday, losing $15 for the day in Dollar terms as the US currency rallied and European stock markets finally caught up with the New Year rise in American and Asian equities. “Talks with China are going very well!” tweeted US […]
Morning Report: 07.00 London The dollar index is steadier this morning, as the Greenback rebounds from support levels and forces major dollar pairs to reverse some of yesterday’s gains. There were small gains for the AUD/USD yesterday, but these have mostly been reversed this morning on poor trade balance figures. The GBP/USD and EUR/USD are […]
Morning Report: 07.00 London The dollar index is pulling back further this morning, testing the December lows as traders shun the need for safe havens amid hope of a trade deal between the US and China. Dollar pairs are higher, led by the AUD/USD which has recovered from the New Year flash crash to trade […]
Doom, gloom and risks ahead… “GLOOMY gold pundit forecasts chaos, says you must buy gold today!” Hardly a headline worth reading, I know, writes Adrian Ash at BullionVault in the third and final part of this festive series. But next year could well bring several things to the boil… …from the […]
What do bullion experts forecast for next year…? SPARE a thought this Christmas for the poor bullion-market analyst, writes Adrian Ash at BullionVault, picking up where he left off last week. Slaving all year over spreadsheets of Shanghai gold premiums, ETF flows and Comex positioning, for them the season of goodwill brings a […]
GOLD PRICES rose Monday against a declining Dollar following US Federal Reserve chief Jerome Powell’s promise to be “patient” before making any 2019 hikes to interest rates, writes Atsuko Whitehouse at BullionVault. Spot gold prices peaked 0.7% above Friday’s closing level, touching $1295 per ounce but holding dead-flat for UK and Eurozone investors at […]
Morning Report: 07.00 London Yen pairs are stabilising this morning following the flash crash overnight on Wednesday. Talk of Chinese economic interventions have also helped calm regional currencies. The USD/JPY is rallying for the second day, but remains well below 2019’s dramatic plunge. The AUD/JPY rallied well yesterday, climbing to erase half of the flash […]
Morning Report: 07.00 London Markets are still reeling after Apple’s shock earning’s warning which turned the focus to a softening Chinese economy. Slow iPhone sales in China have combined with worse than expected China Manufacturing PMI to drive markets into the safe havens of the yen and dollar. The USD/JPY is now down by over […]
Morning Report: 07.00 London The US dollar remains under pressure, posting its third straight day of declines as pressure mounts on the Fed to ease its hawkish stance. Dollar pairs are mixed, with the GBP/USD recovering after gapping lower at the open following Monday’s unexpected advance above 1.2800. The AUD/USD reached a three year low […]
Morning Report: 07.00 London As we enter the final trading day of 2018, the dollar is slipping back, but remains firmly in the driving seat of currency moves. The big driver in the short term is the Japanese yen, with the USD/JPY dropping below the 110.50 support level after Friday’s plunge. The EUR/JPY also remains […]
BUY GOLD prices in London’s wholesale market fell $15 from nearly touching $1300 per ounce Friday after new data showed much stronger-than-expected US jobs growth at the end of 2018. Trading down to $1284, gold priced in Dollars still headed for a 0.5% weekly rise, its third consecutive such rise – and the longest […]
GOLD PRICES rose yet again in all major currencies bar the Japanese Yen on Thursday, extending New Year 2019’s gains to new all-time record highs against the Australian Dollar as Asian trading saw fresh turmoil in currency and equity markets. The UK gold price in Pounds per ounce touched £1032 when Asian trade began, […]
GOLD PRICES held near this week’s new multi-month highs on Friday in London as equities fell yet again amid fresh political turmoil in the Trump White House and new fears over GDP growth in China, the world’s second largest economy. With global stock markets falling for the 9th time in 15 sessions this month, […]
Morning Report: 07.00 London The dollar index is on the rise this morning after heavy selling yesterday. The biggest counter move is against the yen which surged on Thursday as markets took fright at a range of global risks and took comfort in the yen. The USD/JPY plunged below 111.00 yesterday, but is recovering to […]
Morning Report: 07.00 London The dollar index is down slightly after staging a post Fed rally on expectations of a bullish rate path. Overall there are mixed fortunes for dollar pairs. The AUD/USD is lower again this morning after heavy selling yesterday that continues the December decline. The GBP/USD is higher slightly after moderate losses […]
2019 gold forecasts start with 2018’s strength… IF YOU’RE already invested in gold, then frankly I blame this on you, writes Adrian Ash at BullionVault. Yes, you. Because while so much was stacked up against gold prices in 2018… …and while new investors have almost vanished… …existing investors have refused […]
BUY GOLD prices edged back from a 1.0% rise for the week so far on Wednesday in London, taking Dollar prices down $3 from a new 5-month peak of $1251 as traders awaited the US Federal Reserve’s final policy statement of 2018, widely expected to bring the fourth hike of the year to short-term interest rates. […]
Morning Report: 07.00 London The yen is in firm control as the USD/JPY drops below the 112.50 level, falling for the fourth straight day. Yen pairs are generally on the back foot, led by the AUD/JPY which is testing the 80.80 December low. The EUR/JPY is down only slightly and remains in a tight range, […]
GOLD BULLION briefly broke above $1250 per ounce for the second time in 5 months Tuesday morning in London, while the US Dollar fell and world stock markets extended their slump ahead of tomorrow’s widely-expected interest-rate hike from the Federal Reserve. With the Fed’s 2-day meeting starting today, and with New York’s S&P500 index now […]
Morning Report: 07.00 London The dollar index remains weak as traders weigh up Trumps latest attack on the Fed ahead of a likely 0.25% rate hike this week. The dollar is down for the second day this week, helping the dollar pairs to lift higher. The AUD/USD is recovering, with the 0.7170 level acting as […]
GOLD PRICES edged higher against a falling US Dollar Monday lunchtime in London as Western stock markets fell again ahead of key policy events in China and US and hedge funds showed their first net bullish positions in Comex gold futures and options since July, writes Atsuko Whitehouse at BullionVault. Recovering from an earlier […]
Morning Report: 07.00 London The dollar index is back in demand as global confidence fades and traders seek out the safety net of the US dollar. The dollar’s strength is being helped by the weakness in its main counterparty the euro. The EUR/USD dropped for the second straight day as the ECB issued a cautious […]
GOLD PRICES slipped to 7-session lows against a rising Dollar in London on Friday, dipping below $1235 per ounce as the US reported better-than-expected retail sales growth but China’s economic data missed analyst forecasts. While the US said retail sales outside automobiles, gas and food rose strongly in November, China – the world’s second-largest […]
Morning Report: 07.00 London The dollar index is back in demand as global confidence fades and traders seek out the safety net of the US dollar. The dollar’s strength is being helped by the weakness in its main counterparty the euro. The EUR/USD dropped for the second straight day as the ECB issued a cautious […]
GOLD PRICES held a 0.5% drop for the week so far in both Dollar and Euro terms on Thursday even as the US-China trade dispute turned to “hostage taking” in the words of one specialist. The UK gold price in Pounds per ounce also retreated, dropping back to last week’s finish at £980 after […]
Morning Report: 07.00 London The British pound is at least stable after a recovery rally yesterday on the back of May’s confidence vote victory. While this offered some small relief for sterling, the pound remains close the lows for the year. The parliamentary vote still needs to be overcome, with the prospect of a ‘no […]
