• Gold: All Signs of a Profit-booking Move

    Since mid-July, bullish bets on Gold started to resemble mania or hasty shift to safe haven in anticipation of some disaster.

  • GBP Stalls Following Mixed Data

    UK GDP Crashes in Q2 It hasn’t been a great week for GBP bulls. Following the largest employment decline since 2009, reported yesterday, Q2 GDP today has confirmed a technical recession in the UK. The Q2 release was recorded at -20.4%, marking the biggest quarterly contraction on record, far surpassing the -2.2% reading recorded in […]

  • Euro Demand Remains at 5-year High but Technical Picture Calls for Caution

    The European currency posted record-high appeal among speculators for several years, showed the latest CFTC report.

  • UK Labour Market Suffers Record Fall

    Largest Decline Since 2009 The British Pound has lost some of its recent upside momentum this week as the latest economic data released today painted a very bleak picture of the employment landscape. While the headline unemployment rate remained unchanged at 3.9%, better than the 4.2% expected, this is well understood to be down to […]

  • Flip Side of Strong July Payrolls

    The US economy created more than expected jobs in July, a report showed on Friday.

  • Key economic events and reports for the week ahead

    Monday, August 10, 2020 – JOLTs Job Openings (Jun)(USD).

  • Iraq Says it will Make Additional Supply Cuts, Offering Supportive Price Outlook

    Iraq said on Friday that it will cut oil production by another 400,000 bpd in both August and September to offset overproduction over the past three months.

  • Top Trump Moments This Week

    As the US presidential elections draw ever nearer, it seems that pressure on Donald Trump is causing him to move deeper into the shock-and-awe tactics which made him so attention worthy during the course of his first election campaign. Over a presidency marred with controversy and scandal it seems that Trump has lost little of […]

  • Interim USD Strength Suggests NFP can be a Trigger for Stock Market Sell-off

    US Dollar oversold hit a 40-year high said Morgan Stanley on Friday, adding that it had changed its USD stance from “sell” to “tactically neutral”.

  • Is the July NFP Priced in? USD Price Action After ADP Reports Suggests it is

    As expected, the ADP report showed that dynamics of US employment in July was on the verge of depression: US economy gained only 167K jobs against the forecast of 1.5M.

  • The Crude Chronicles – Episode 50

    Oil Traders Reduce Longs The CFTC COT institutional positioning report shows that traders reduced their net long positions in WTI markets last week by 16,307 contracts, taking the total position to 532569 contracts. This latest adjustment in positioning reflects the loss of upside momentum in oil markets over recent trading as growing negative risks emerge. […]

  • BOE Discussing Negative Interest Rates in The UK

    BOE Leaves Rates Unchanged The Bank of England left its monetary policy levels unchanged at its August MPC meeting yesterday along with a message that the downturn is likely to be less severe than initially thought.  However, the BOE was clear that the downturn in the UK was worse than the downturn seen in rival […]

  • Lackluster Performance of European ETFs Suggests Great Untapped Potential for EUR

    US bond yields tumbled to a new historical low on Tuesday as the Fed unexpectedly signaled its willingness to continue inflating stock market bubble in exchange for stability of credit markets.

  • Surprise Fall in New Zealand Unemployment Rate

    Unemployment Rate Beats Forecasts In a data release which has bucked the trend seen across the G10 recently, as well as confounding the New Zealand government’s own forecasts, the unemployment rate there fell back to 4% in the three months to June. Data release overnight from government agency Statistics New Zealand marked a decline in […]

  • Bank of England To Signal More Stimulus?

    BOE Meeting Due Tomorrow The Bank of England’s August MPC meeting, due tomorrow, is taking on a great deal of focus as the recovery effort continues in the UK. With most sections of the economy having at least partially re-opened now, the BOE is hoping for a smooth, gradual recovery, which relies on avoiding any […]