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The US dollar finished on a solid note after Friday’s mostly positive U.S. economic data renewed expectations that the Fed may raise interest rates again this year, and if this week’s US economic readings show further strength, particularly from the...
Gold $1255.00 up $3.10 Silver 17.41 DOWN 5 cent In the access market 5:15 pm Gold: 1258.00 Silver: 17.50 THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON . The Shanghai fix is at 10:15 pm est and 2:15 am est The fix for London is at 5:30 ...
The market end is nigh! by Richard Cluver Yet another bull market is drawing to a close. Market analysts everywhere are in agreement that share prices everywhere are looking very expensive while corporate growth has slowed significantly. This implies...
Market analysis Highlights: EUR/USD : Keeps its positive stability GBP/USD : Hits fresh 1-month lows despite U.K. data USD/JPY : Reverses a big figure drop USD/CAD : Drops on strong Canadian GDP data Gold : Little changed near 2-week lows Crude...
*** Silver (and Gold) remain range bound. Technically, we are still in a ‘coiled spring COT setup’ – with the bullion banks positioned for higher prices and speculators betting on downside momentum. *** THE WORLD...
Economic growth in the United States was revised higher in the first quarter but was still the lowest in a year. GDP growth was revised up from the advance estimate of 0.5% on an annualized basis to 0.8% in the second estimate. The figure falls just...
Dollar gains despite misses in US GDP and consumer sentiment data Most major currency pairs were directionless during the European Session in the absence of key data releases out of Europe, while traders were re-positioning ahead of the long weekend...
The British pound the day after The British pound has been putting in a strong performance over the past few trading sessions, as it has pushed to a 3-week high versus the US dollar (above 1.4730) while pressuring euro / pound to a near 4-month low...
It will be a busy week for US data and the dollar in the next seven days as a number of key indicators are expected including the all-important NFP report at the end of the week. The euro will also come into focus as the European Central Bank holds its...
Dollar consolidates ahead of Yellen Major currencies were range-bound on Friday as broadly positive US data yesterday failed to give markets any direction. Traders are instead looking to Fed Chair Janet Yellen’s appearance later today for further clues...
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