Category: Liquidity

May 24, 2022

Gold is in a great space at the moment with almost all supporting markers favoring the yellow metal. U.S. 10-year TIPS (see graphic below) has plateaued giving added impetus to gold upside because of the reduced cost of holding gold […]

May 23, 2022

Global stocks rose on Monday and the yuan surged after US President Joe Biden said he’s considering cutting tariffs on China. S&P 500 futures were up 0.46% as of 5.27 a.m. ET, suggesting stocks will open higher when trading begins. […]

May 17, 2022

The cryptocurrency market’s near-$2 trillion loss in value forces a difficult question: Could crypto trigger a broader economic slowdown? It’s a concern that highlights the uncertainty inherent in a market that by many measures is still in its infancy but […]

May 17, 2022

For all market-moving data releases and events, see the DailyFX Economic Calendar. Gold is back around $1,828/oz. after falling to a fresh multi-month low on Monday at around $1,787/oz. but the move higher looks set to struggle. The precious metal […]

May 16, 2022

The European Commission’s Spring Forecast for 2022 revised Eurozone inflation upward to 6.1% in 2022 as expected with forecasts expected to decline to 2.7% in 2023. Growth projections in the region were subsequently lowered to 2.3% from 2.7% in February. […]

May 11, 2022

Earlier this morning, German inflation data (see economic calendar below) for April printed in line with forecasts at 7.4% thus continuing its incremental rise for 2022. German data often acts as a barometer for the EU region leaving the ECB […]

May 9, 2022

Gold prices started off the week with another aggressive sell-off. Last Monday marked the May open for Gold and the yellow metal slid down for a fresh two-month-low before finding some support at prior resistance, taken from the swing at […]

May 4, 2022

The Bank of England is widely expected to deliver another 25bps rate hike at its upcoming meeting. Although, in light of recent voting splits (Figure 1.) within the MPC, this will be key to the initial market reaction for GBP. […]

May 3, 2022

Yesterday’s lower liquidity via bank holidays throughout many global nations did not leave gold unscathed with markets adding to a fading gold price. Spot gold pierced below support targets last seen in mid-February 2022 and looks to test subsequent levels […]

April 28, 2022

The US Dollar has been unstoppable of late and today marks the currency hitting a fresh 19-year-high. As looked at in the Q2 forecast, the US Dollar was already really strong coming into the quarter. There was a tease of […]