Asia Pacific Market Open Talking Points US Dollar outperformed as British Pound, Euro weakened during European trade USD gains accelerated on rosy retail sales and risk aversion on trade war worries AUD/USD may reverse on bearish technical warning signs, eyeing rising support Not sure where the US Dollar is heading Continue Reading
Gold Price Talking Points Gold prices appear to be stuck in a holding pattern as US Treasury Secretary Steven Mnuchin intends to hold a call with Chinese officials this week, but current market conditions may keep the precious metal afloat as the Federal Open Market Committee (FOMC) is widely expected Continue Reading
Gold prices are struggling despite dovish guidance from the Fed. This warns they are vulnerable if soft US retail sales data triggers haven-seeking USD demand.
EURUSD may suffer if German ZEW survey data shows a deteriorated outlook for growth and induces capital flight from European assets into the US Dollar and Treasuries.
Fresh data prints coming out of the UK may fuel a larger rebound in GBPUSD should the developments instill an improved outlook for growth and inflation.
Crude oil prices have crossed back-below the 60-handle, and a short-term bear flag formation has built. Are oil markets on the cusp of another bearish run?
After the June US retail sales report, Fed funds have backed away from pricing in three rate cuts in 2019. The US Dollar is testing downtrend resistance dating back to the late-May highs.
Gold is virtually flat for the month with price holding within a well-defined consolidate pattern. Here are the breakout levels that matter on the XAU/USD weekly chart.
A key spread in the US Treasury yield curve is now suggesting that there is nearly a 33% chance of a recession hitting the United States within the next 12-months.
Despite rebounds in higher beta assets and higher yielding currencies alike, gold prices have maintained their elevation. Stability in the face of adversity bodes well for the future.