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Tag: Commodities

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. […]

More Volatility on the Way!!

More Volatility on the Way!! The US administration Iran deal exit announcement rolled out in typical President Trump spectacular fashion, but at the end of the day, the market’s response was somewhat unenthusiastic with few substantive changes in Gold, Yields or equities. But that belies the squally interlay moves on WTI which had been down […]

USD/CAD Canadian Dollar Lower Despite Oil Rise After US Pulls Out of Iran Deal

The Canadian dollar was lower on Tuesday after the US currency rose on the back of the uncertainty surrounding the United States participation in the Iran deal. The greenback rose as investors looked to the currency as a safe haven. US President Donald Trump announced that the US would be pulling out of the 2015 […]

XAU/USD – Gold Lower, Markets Eye Trump Announcement on Iran

Gold has posted considerable losses in the Tuesday session. In North American trade, the spot price for an ounce of gold is $1309.34, down 0.30% on the day. On the release front, JOLTS Jobs Openings jumped to 6.55 million, crushing the estimate of 6.02 million. Later in the day, US President Trump makes a major […]

Markets Caught Between Opposing Forces

Markets Caught Between Opposing Forces Equity Markets US equities finished mostly higher but of their tops as energy shares started to take profits following a Presidential Tweet promising to announce his decision on the Iranian nuclear deal Tuesday at 14:00 EST. WTI retreated from 3-year highs, and equities appear to have echoed that weakness. Despite […]

Trump to Announce Iran Decision Tuesday Afternoon

Trump faces a May 12 deadline to either continue suspending sanctions targeting Iran’s oil exports or snap the penalties back into place. Refusing to grant the sanctions relief would imperil the nuclear agreement and potentially put the United States on a diplomatic collision course with some of its closest allies and trade partners. Under the […]

Oil Rises on Venezuela and Iran Concerns

Oil prices rose to their highest levels since late-2014 on Monday, boosted by fresh troubles for Venezuelan oil company PDVSA and a looming decision on whether the United States will re-impose sanctions on Iran. Brent crude oil futures were at $75.78 a barrel at 1236 GMT, up 91 cents from their last close. Earlier in […]

All eyes will be on this week’s US CPI report

All eyes will be on this week’s US CPI report Following a very solid, but softer than expected jobs report; the USD remains in an advantageous position but perhaps short-term speculators are a bit oversubscribed heading into the week. The primary driver of late continues to be data surprise index between the rest of the world (soft) […]

Dollar Keeps Going Strong as Growth Concerns Rise in Europe

The US dollar rally continues to gather steam as it appreciated against major pairs for a third week. The U.S. non farm payrolls (NFP) provided little support with a miss in both the headline job number and the much anticipated wage growth component. The main takeaway from the jobs report was the drop in the […]

Gold Gains Ground on Trade War Concerns

Gold has posted strong gains in the Thursday session, after trading sideways on Wednesday. In North American trade, the spot price for an ounce of gold is $1313.89, up 0.69% on the day. On the release front, unemployment claims edged up to 211 thousand, easily beating the estimate of 225 thousand. In the services sector, ISM Non-Manufacturing […]