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Tag: Commodities

Gold Trading Sideways, US Retail Sales Next

After a mostly quiet week, gold has continued the trend in the Monday session. In North American trade, the spot price for an ounce of gold is $1319.86, up 0.10% on the day. It’s a very quiet day on the fundamentals front, with no economic indicators on the schedule. On Tuesday, the focus will be […]

A crowded tale of the tape

A crowded tale of the tape Global equity markets revelled in their most favourable showing since early March after clement CPI  figures led to hopes of a Goldilocks economy in the US. But as senescent as this view is becoming, with the Federal Reserve Board looking to remove emergency accommodation, it’s perhaps not the best narrative to […]

Dollar Ends Rally Awaiting US Retail Sales Data

The US dollar rally lost momentum during the week and recorded its third day of depreciation versus other major pairs. The USD continues to gain versus emerging market currencies as more signs of a global growth slowdown appear. The US consumer price index (CPI) came in under expectations and raised concerns on how many rate […]

Oil Market Volatility Expected to Remain High

Fasten your seat belts. Dramatic swings in the oil market may soon become the norm. After a prolonged period of low prices and relative calm, oil watchers are predicting a surge of volatility following President Trump’s decision to reimpose sanctions on Iran. Crude has spiked 19% this year, to prices unseen since late 2014. Taking […]

US CPI takes the dollar off the boil

US CPI takes the dollar off the boil Currency Markets U.S. Consumer Price Index increased 0.2 percent in April, less than the 0.3 percent rise projected. Naturally, there was a bit of disappointment from the Dollar Bulls after the critical index fell a notch short of quenching bullish views on the US inflation outlook. Mind […]

Join OANDA in Shenzhen China May 18-19

Stephen Innes OANDA Asia will be speaking at this annual event discussing electronic FX trading  and general Macro Themes The 7th China  Forex Expo will be taking place on the 18th and 19th of May 2018 at Great China International Exchange Square of Shenzhen. It is a two-day event for traders, investors, affiliates, IBs, blockchain, […]

Malaysia medium term view post GE14( OANDA on Astro Awani TV Kuala Lumpur)

Not all Doom and Gloom  Stephen Innes, OANDA Head of Trading APAC is confident markets are going to take a positive view on the change of government in Malaysia. More so after investors have four days to factor in the changes in the government. Astro AWANI TV Kuala Lumpur

Malaysia Assets struggle post GE14(OANDA on Bloomberg TV)

Oanda’s Innes on Why He’s Defensive After Malaysian Election Oanda Asia-Pacific  Head of Trading Stephen Innes weighs in on the market impact from Mahathir Mohamad’s victory in Malaysia’s election. Innes speaks on “Bloomberg Daybreak: Middle East.” (Source: Bloomberg) Bloomberg TV  

A Box full of surprises GE14

A Box full of surprises GE14 Malaysia Historical events unfolded overnight as in stunning fashion Pakatan Harapan(PH) won the hotly contested election which is creating quite the stir with foreign investors trying to decipher the PH new mandate. The thinly traded one-month NDF markets have shot up on the election results above 4.05 in response […]

Gold Trading Sideways After Trump Bombshell

Gold is trading sideways in the Wednesday session. In North American trade, the spot price for an ounce of gold is $ 1313.48, down 0.08% on the day. On the release front, producer price inflation reports were soft. PPI dropped to 0.1%, shy of the estimate of 0.2%. Core PPI edged lower to 0.2%, matching the forecast. […]