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Precious Metals and Commodities Weekly

  This week we recap precious metals and commodities ahead of the Jackson Hole Symposium. Notable highlights are Gold testing 1300 while Palladium continues to be the metal that just keeps on giving. Oil is making a lot of noise, but once the headphones are on, we see that both contracts are ranging. Albeit noisily! […]

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Pivot to Jackson Hole

SINGAPORE (Reuters) – The dollar held steady against a basket of currencies on Tuesday, with traders focusing on the annual central banking conference in Jackson Hole this week for insights on the outlook for monetary policy. The dollar index last stood at 93.101 .DXY, having retreated from a three-week high of 94.145 set last Wednesday. […]

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Moon Blots out the dollar

Moon Blots out the dollar Another squally trading session overnight to celebrate the first total solar eclipse to hit the continental US in 99 years. A definite downside dollar bias emerged overnight, although recent ranges were respected. But with few particular dollar triggers amid a sparsely populated economic calendar, the market could be doing little […]

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Gold Records Strong Gains on Monday

Gold has started the week with considerable gains. In the Monday’s North American session, spot gold is trading at $1291.75, up 57% on the day. There are no US events on the schedule, so we’re unlikely to see any significant movement for the remainder of the day. It was a busy week for gold, as […]

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EUR/USD Starts Week With Gains

EUR/USD has edged higher in the Monday session. Currently the pair is trading at 1.1815, up 0.45% on the day. On the release front, it’s a very quiet start to week, so we’re unlikely to see any significant movement from the pair on Monday. There are no US releases, and the sole euro zone event […]

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Canada: Wholesale Trade, June 2017

Wholesale sales declined 0.5% to $61.4 billion in June following eight consecutive monthly increases. Declines were recorded in five of seven subsectors, led by the food, beverage and tobacco subsector and the motor vehicle and parts subsector. In volume terms, wholesale sales decreased 0.7% from May to June. In the second quarter of 2017, current […]

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Traders Eye Jackson Hole Event This Week

Traders Eye Jackson Hole Event This Week

It’s been a very quiet start to trading on Monday in what is expected to be a slow couple of days, with traders eyeing up the Jackson Hole event later in the week. Clarity Sought on Fed’s Interest Rate Plans With both Mario Draghi and Janet Yellen scheduled to appear on Friday, traders are keen […]

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