Category: Liquidity

February 6, 2023

The US Dollar continues to fight back after a blistering jobs report on Friday showed that the Fed might have more heavy lifting ahead to rein in inflationary pressures. The ramifications of the massive beat of US total nonfarm payrolls […]

February 3, 2023

Gold prices fell yesterday after the U.S. dollar rebounded post-ECB and stronger than expected initial jobless claims data. The jobs market is becoming increasingly more important to the overall Federal Reserve picture as inflation continues to soften. The robust employment […]

February 3, 2023

The Euro managed modest gains against the US Dollar on Friday, helped in part by news that the Eurozone economy managed some growth last month. The S&P Global’s Composite Purchasing Managers Index for the currency bloc climbed to a seven-month […]

February 1, 2023

Gold had a look lower at the US$ 1,900 handle in the US session but quickly recovered back above US$ 1,925. At the same time, the DXY Index, a benchmark measure of the US Dollar, moved to higher ground before […]

February 1, 2023

The Australian Dollar remains pointed higher against the US Dollar with prices continuing to trade within a bearish Rising Wedge. Over the past 24 hours, AUD/USD was unable to hold a drop through the 0.7009 inflection point, leaving behind a […]

January 31, 2023

The Australian Dollar recalibrated after Chinese PMI showed signs of an economic recovery which followed domestic data that revealed an easing of conditions. Chinese manufacturing PMI for January printed in line with expectations at 50.1 and the non-manufacturing read came […]

January 30, 2023

Gold prices are trading over 6% higher for the month of January, driving XAU/USD into a barrier of resistance at $1,950. Throughout last week, the same psychological level that limited the upside move came into play after gold opened the […]

January 30, 2023

The US Dollar continues to tread water to start the week ahead of the Federal Open Market Committee (FOMC) meeting on Wednesday. The market is anticipating a 25 basis point (bp) lift in the target rate. Friday’s PCE inflation data […]

January 25, 2023

Gold traded above US$ 1,942 overnight and continues to trade just below that level today as markets fret over the health of the US economy. Disappointing PMI data appeared to lead to market perceptions that the Fed night is not […]

January 24, 2023

Silver prices have bounced back after a brutal setback that resulted in a 1.59% decline yesterday. With the futures contract currently recovering over 1.00% of those losses, USD weakness ahead of this week’s GDP and inflation data has limited losses. […]

January 23, 2023

Bitcoin rose further over the weekend, as traders took news of another crypto bankruptcy in their stride and placed bets on a Federal Reserve “pivot” to cutting interest rates. The price of the No. 1 token briefly topped $23,000 for […]

January 23, 2023

The pro-growth Australian dollar did not react to rising COVID death statistics released on Saturday by the Chinese Centre for Disease Control and Prevention showing markets focus on the upcoming Australian CPI report on Wednesday and a weaker USD – […]

January 19, 2023

Sterling bulls still have December’s six-month highs against the United States Dollar firmly in their sights on Thursday, but a London morning of scant domestic economic news may be hampering their will to try it again in the near term. […]

January 19, 2023

US Dollar bears have continued to punch and yesterday brought another fresh seven-month low into the mix after the release of PPI data earlier in the session. US data continues to slowdown, and this brings questions around the Fed’s rate […]

January 18, 2023

The British pound received support this morning after a mixed bag of inflation data. Headline inflation in the UK declined in line with expectations to 10.5% (see economic calendar below) while beat estimates likely due to labor shortages. The core […]

January 17, 2023

The Japanese Yen slipped lower today ahead of the Bank of Japan’s monetary policy decision tomorrow. The Nikkei 225 equity index found higher ground with the central bank decision appearing to be in the balance after a perceived tightening at […]

January 13, 2023

The British Pound rose against the US Dollar on Friday following more benign inflation data out of the world’s largest economy and some surprise growth at home. US price rises eased for a sixth straight month in December according to […]

January 11, 2023

Gold made an eight-month high overnight despite the US Dollar gaining against most currencies. The US 10-year real yield dipped under 1.35% today as it continues to slide from the late December peak above 1.6%. The real yield is the […]

January 11, 2023

The euro extended yesterday’s gains against the British pound through ECB officials beginning yesterday. The hawkish narrative was reinforced by one of the more aggressive officials in Isabel Schnabel while today’s addresses included the ECB’s Villeroy who stated the need […]

January 10, 2023

The US Dollar is testing a major spot of support… again. Coming into the year the USD had held the lows right around the same price that had come into play a couple of weeks prior, just after a CPI […]