Gold Lower on FridayGold prices have come under pressure through the back of the week with the futures market pulling back from the record highs set earlier in the week. The market is now trading back...
BOJ Intervention Seen In USDJPY Plunge
USD Selling Pauses…For NowThe US Dollar is attempting to stabilise today on the back of heavy selling over recent days. In the aftermath of last week’s softer-than-forecast US inflation data, USD has...
Gold Hits Record Highs As Macro Backdrop Shifts
Gold SoarsGold bulls are celebrating today as the safe-haven asset breaks out to fresh all-time highs. The futures market has ballooned higher once again this week driven higher this week by dovish...
Dollar Breaks Below Key Level As Bears Build Pressure
Dollar Drop DeepensThe US Dollar is falling heavily across the board today as traders ramp up their Fed easing expectations across the remainder of the year. Dovish comments from Fed’s Powell earlier...
China GDP Plunge Weighs on Copper
China GDP Drops AgainCopper prices are trading in a muted fashion across the European morning on Monday. The latest economic data out of China overnight has done little to inspire confidence amongst...
Dollar Down on Dovish Fed Expectations
DXY lower on MondayThe US Dollar remains weak across early European trading on Monday. The DXY is now down 2% from the June highs with USD finding sustained selling pressure recently amidst an uptick...
USDJPY Collapses On Soft US Inflation
US Inflation Drops AgainThe Japanese Yen was the big winner from yesterday’s weaker-than-forecast US inflation reading for June. USDJPY plunged more than 4.5% on the day (around 430 pips) as US CPI...
Dollar Potentially At Major Turning Point
USD ShiftOver the past fortnight we’ve seen a clear shift in USD with the Dollar Index shedding around 1.2% from the June highs. This weakness comes despite the Fed striking a firmly hawkish tone at...
Dollar Dips Following NFP - Inflation Up Next
Jobs Data Adds to Bearish USD ViewThe US Dollar is trading firmly lower on Monday following the latest set of US jobs data on Friday. Despite the headline NFP coming in above forecasts at 206k vs 198k...
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