Depending on what benchmark ‘risk’ asset you refer to you, it could seem that the fundamental outlook for the global markets was encouraging – borderline exceptional. The reality is higher rates, probable recession and other issues that follow. So what to make of the S&P 500’s hold, FTSE 100’s proximity to records and Hang Seng’s […]

Colder weather tests Europe’s resolve as gas storage gets drawn lower, lifting EU gas prices. ECB and other major central bank’s decide on final rate hikes of 2022

Gold prices ended the week flat as bulls struggled to gain momentum above 1800. With silver extending recent gains, psychological resistance remains intact.

The Japanese Yen has held firm against major counterparts as the safe-haven currency stabilizes around technical levels. USD/JPY, EUR/JPY, GBP/JPY price action.

Gold and silver have both benefitted from a weaker dollar but silver is the standout of the two metals. Gold consolidating at stern resistance, silver continues higher

The economic calendar remains busy in the days ahead with a bevy of Federal Reserve speakers as well as the October US inflation report (consumer price index).

Intervention efforts may have weighed on USD/JPY rates, but the Japanese Yen was broadly weaker over during the final week of October.

After a quiet economic calendar last week, the coming days will see several important US data releases.

The Japanese Yen exploded higher as local officials appeared to intervene after the currency touched a 32-year low. An upcoming Bank of Japan policy meeting is now in focus.

Eurozone price pressures are continuing to rise, complicating the ECB’s efforts.