• Precious Metals Monday 23-03-2020

    Gold Gold prices remain under pressure this week as the sell-off in global asset prices continues. Safe-haven demand for the US Dollar is dragging gold prices lower as investors move money out of other assets and into the greenback.  In the US, Congress is finalising plans for a $425 billion emergency relief package for the […]

  • Data & Virus Damage Hurting The Dollar

    US Dollar Losing Steam? Over the final month of 2019 and the first month of 2020, the Dollar Index enjoyed a three-figure rally. The push higher was fuelled mainly a string of better-than-expected economic releases. With ISM manufacturing and non-manufacturing readings surprising to the upside last month, along with strong NFP readings and better survey […]

  • How Worried Is The Fed About Coronavirus?

    The release of the January FOMC meeting minutes last night helped keep the current Dollar rally on course with policymakers noting that they expected a continued moderate economic expansion. Inline with this view, the minutes noted that the current monetary policy stance will likely remain appropriate “for a time”. Key Quotes from The Minutes “Policymakers […]

  • Precious Metals Monday 10-02-2020

    Gold Metals traders have seen plenty of two-way action over recent sessions. The corona-virus continues to be the main theme driving price moves as traders react to the latest headlines and data. Now entering its fourth week since it was reported, the virus continues to spread globally though the main impact is being seen in […]

  • Market Cheers Trump’s Impeachment Acquittal

    Trump Retains Presidency The historic impeachment trial against Donald Trump, only the third of its kind to be brought against a US president, concluded yesterday with the president being acquitted on both articles. Such an outcome, while disappointing for some, is not a shock given that the Senate is controlled by Trump’s Republican party, meaning […]

  • Precious Metals Monday 03-02-2020

    Gold The gold market has seen steady demand in recent trading as rising global uncertainty linked to the corona-virus outbreak continues to drive flight-to-safety among investors. Last week, the virus was confirmed to have spread to both the US and the UK with the number of deaths attributed to the virus almost reaching the 200 […]

  • Precious Metals Monday 20-01-2020

    Gold The gold market has given conflicting signals over recent weeks. Following a breakout to highs of 1611.39, not seen since early 2012, market reversed heavily over last week, trading lows of 1536, before reversing higher. The root of the fluctuations in the gold market has been the shifting situation with regard to the recent […]

  • Precious Metals Monday 13-01-2020

    Gold With tensions between the US and Iran having dissipated over recent sessions, the new week has commenced with a firmly risk-on tone, seeing reduced safe-haven demand for gold.  The market is now focusing on the US-Sino trade deal which is due to be signed on Thursday in Washington. Following the signing of the deal, […]

  • The Crude Chronicles – Episode 20

    WTI Caught Between US-Iran Tensions & US-China Trade Deal The CFTC COT position report showed that last week, investors increased their upside positions in WTI by a further 4,780 contracts, taking the total position to 554,857 contracts. The recent increase in WTI positioning reflects the better expectations around US-Sino trade relations. Trump announced that the […]

  • Precious Metals Monday 06-01-2020

    Gold The near-term outlook for gold looks tilted towards higher prices in light of the worrying news last week of an escalation in tensions between the US and Iran. Following a much calmer period of relations between the two countries since last summer’s standoff over Iranian attacks on oil tankers in the Strait of Hormuz, […]

  • Precious Metals Monday 23-12-2019

    Gold The final trading week of the year is typically a quiet one and while no major moves are expected in the metals, there are some important developments worth noting as we head into 2020. Firstly, the continued rally in equities looks set to keep pressure on gold as the US-Sino trade negotiations move onto […]

  • Precious Metals Monday 09-12-2019

    Gold The congestion in gold prices over recent weeks reflects the lack of clarity on the main factors impacting the gold market. US-Sino trade relations, as well as the outlook for the US Dollar continue to be the key themes to note for metals traders though investors have struggled to establish a strong bias in […]

  • Precious Metals Monday 18-11-2019

    Gold Precious metals begin the week under offer as gains in benchmark equities indices have seen reduced safe haven inflows. Optimism around the prospect of a US-Sino trade deal is keeping investor risk appetite well supported at the start of the new week. Over the weekend, negotiators held further talks in lieu of signing a […]

  • Trump Elections Blow As Republicans Lose Key Seats

    Republicans Lose Key Seats The 2019 US gubernatorial elections, held yesterday, marked an important shift in voting habits. Just one year out from the next US national elections, Democrats made gains in the key states of Kentucky and Louisiana. Virginia, the Democrats took control of the legislature for the first time in over two decades. […]

  • The Friday Forex Takeaway – Episode 6

    Key Points From This Week The standout winner among G10 currencies this week has been the Canadian Dollar with only itself and the Swiss Franc having risen against USD. Higher oil prices have helped boost CAD which is also supported by improved risk appetite around US-Sino trade negotiations. GBP has been the weakest performer this […]