Precious Metals Monday 19-08-19
Gold Gold prices have started the week on a softer footing following a solid session last week, which saw prices trading up to levels not seen since early 2013. Despite the generally higher prices, we have seen some volatility over recent days as ongoing fluctuations in the US / China trade story continue to impact […]
EURGBP Hits Highest Levels in 10 Years on Brexit Fears
GBP Down Despite Data Beats It’s been an interesting week for the GBP as we’ve had a raft of data out, the majority of which surprised to the upside! However, price action has remained stubbornly muted. So, on Tuesday we had labour market data out of the UK, which saw average weekly earnings ticking up […]
Key Factors to Watch in AUD Crosses
We’ve had some important developments in the fundamental backdrop for AUD recently that are worth discussing. These developments are particularly evident in the price action of AUDNZD and AUDJPY. Rate Movements Driving AUDNZD So, looking at AUDNZD we’ve seen a large move higher recently in the wake of the RBNZ unexpectedly cutting rate by .5% […]
Is Germany on the Brink of Recession?
The latest set of economic data out of Germany has compounded fears that the second largest economy in the eurozone is on the brink of a recession. On Tuesday, German ZEW Survey Current Situation and Expectations both came in below expectations at -13.5 and -44.1 respectively. These readings have been trending lower over the year […]