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Gold expected to remain soft as near-term risks point to downside Gold has taken on a bearish bias again in the short-term after failure to sustain an upside move above the key psychological level at 1300. Prices attempted a recovery off the 1260 area but this move proved to be a
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Week Ahead – ECB tapering decision looms; BoC also meets; UK and US GDP eyed The European Central Bank will take center stage next week as it announces its long-awaited decision to scale back its asset purchase program. Central banks in Canada, Sweden and Norway will also be holding their monetary
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Daily analysis | 20 October 2017 Donald Trump's US tax plan takes a step closer to being realised The greenback edged higher during the Asian morning Friday, after the US Senate approved a budget blueprint for 2018, via a 51-49 vote. This is seen as a first step towards the Trump administration’s
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Daily Analysis | 19 October 2017 The Kiwi dollar traded lower during the early European morning Thursday, following the announcement that New Zealand’s next government will be a Labour-New Zealand First coalition. The outcome hinged upon who NZ First would support, as neither of the two big parties (Nationals, Labor) gained
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Gold holds bullish short-term outlook above 1300 level Gold is tracking higher after bouncing from the 1260.5 low and prices have been rising steadily since October 6. There is room for a further extension higher after a bullish signal was given by the crossover of the 20 and 50-period moving averages
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Daily analysis | 16 October 2017 US Interest rate hike still on the cards The greenback tumbled on Friday after the US inflation prints for September fell short of meeting market expectations. The headline CPI rate rose by less than anticipated, while the core rate remained unchanged for the 5th consecutive month,
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Week Ahead – UK inflation, Japanese trade data among week’s important releases; Party Congress eyed in China Next week’s economic releases, which includes UK inflation figures, can determine the future path of monetary policy for major economies, while political events, such China’s five-yearly Communist Party Congress commencing on Wednesday, perhaps have
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Daily analysis | 13 October 2017 Concerns over Brexit creates volatility with Sterling The British pound traded in a rollercoaster manner yesterday, as attention turned back to the Brexit negotiations. The currency initially tumbled, after the EU’s chief negotiator Michel Barnier said that Brexit talks have reached a stalemate, without any significant
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Forex Market Review (European Session) – Dollar takes a breath as consumer prices disappoint; Aussie, kiwi gain the most While market watchers expected today’s US inflation report to give a clearer picture of the inflation path amid concerns whether subdued inflation is temporary or persistent, uncertainties over the direction of inflation increased after US
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Forex Market Review (European Session) - Pound falls after Barnier says Brexit talks are in “deadlock” The pound could not sustain its rally started during the Asian session on Thursday after discouraging comments on Brexit’s progress by the EU chief negotiator pushed the currency down, making it the worst performer among its major peers. The pound’s weakness,
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