Category: Liquidity

November 28, 2023

EUR/USD is currently testing the 21 November high and continues to trade above the 200-day simple moving average (SMA). The bullish run may face another test in the form of US GDP data (second estimate) later this week after estimates […]

November 10, 2023

Federal Reserve Chair Jerome Powell sent risk markets spinning lower, and bond yields higher after he said that the US central bank was not confident that the current monetary policy was restrictive enough to bring inflation down to target (2%). […]

November 6, 2023

Oil prices are up around 1.3% at the time of writing as Saudi Arabia and Russia reiterate commitment to supply cuts. The two OPEC members confirmed their commitment to extra voluntary oil supply cuts to the end of 2023. OIL […]

November 2, 2023

The euro pushed higher after disappointing Euro area data showed weak manufacturing PMI’s (see economic calendar below) continue to plague the region. The HCOB manufacturing PMI release slumped to 3-month lows and the 16th consecutive print below the 50 level […]

October 31, 2023

The Australian dollar is trading lower against the US dollar this morning after Chinese PMI’s disappointed (see economic calendar below). This slowdown in activity led to most soft commodities, precious and base metals to fall thus weighing negatively on the […]

October 26, 2023

Oil prices have fallen today on resurgent demand fears which for now appear to be overshadowing the tensions in the Middle East. There appears to be growing belief that the US may be able to avert a full-scale military operation […]

October 12, 2023

Crude oil steadied in Asian trade today after tumbling overnight in the wake of a surge in stockpiles. The move lower unfolded despite favourable conditions for equities after more hawkish comments from Fed speakers. Data released overnight saw the American […]

October 10, 2023

In times of conflict and war, gold tends to witness a spike in value as investors shift away from riskier assets like stocks towards traditional safe haven assets that are more likely to preserve its value or decline at a […]

October 2, 2023

EUR/USD fell sharply on Monday, weighed by broad-based U.S. dollar strength amid soaring U.S. Treasury yields, with the 10-year note pushing above 4.65% and hovering near its highest level since 2007. In this context, the pair sank about 0.5% in […]

September 27, 2023

Oil prices rose sharply in Asian trade on Thursday, with U.S. crude futures hitting an over one-year high on continued signs of tighter supply, while positive data from China also aided sentiment. The signals helped markets largely look past concerns […]

September 22, 2023

Gold prices fell about -0.6 percent over the past 24 hours as financial markets continued digesting the aftermath and implications of the Federal Reserve interest rate decision. In response, retail traders have increased bullish exposure in the precious metal. This […]

September 15, 2023

GBP has faced selling pressure this week weighed down in part by GDP data, with an increase in total earnings unable to arrest the slide. Now obviously there was some mitigating effects on the recently released data which may blur […]

September 14, 2023

Gold prices remain under pressure this Thursday after yesterday’s US CPI report showed elevated headline inflation despite a softer core inflation read. This translates through to sustained tight monetary policy by the Federal Reserve. Energy was the primary contributor to […]

September 14, 2023

The Australian dollar held early Asia gains against the US dollar after the Australian economy created more jobs than expected last month. The Australian economy created 64.9k jobs in August, compared with forecasts for a gain of 23k, following job […]

September 11, 2023

The British pound has started the week on the front foot as the US dollar softened but with key US economic data scheduled this week (see economic calendar below), the downside may be temporary. Markets will be focused on US […]

September 8, 2023

Gold continues to reflect a considerable negative correlation with USD and US treasury bond yields in a week that may pose little challenge to the greenback’s recent gains. A hotter services PMI print alluded to the continuing momentum of the […]

September 7, 2023

Gold prices (XAU/USD) struggled for direction on Thursday, moving between small gains and losses near the $1,920 level, in a session characterized by limited volatility in the precious metal space amid modest U.S. dollar strength and subdued Treasury yields ahead […]

August 31, 2023

Crude oil prices extended higher over the past 24 hours, continuing a near-term winning streak since last week. In response, retail traders have been cautiously increasing downside exposure. This can be seen by taking a look at IG Client Sentiment […]

August 30, 2023

This week’s US job openings data (JOLTs) sent US Treasury yields tumbling lower, giving both gold and silver a boost. The July data showed a sharp contraction in job openings while the prior month’s figure was also revised sharply lower. […]

August 24, 2023

Greater than expected US crude drawdowns helped reverse selling in the US session yesterday, extending early gains that followed from lower US treasury yields and a weaker US dollar. Terrible EU and UK PMI data worsened the economic outlook which […]