Gold Price Forecast – Outlook Growing Increasingly Bullish, What to Watch
Gold is rising nicely off support and in the process of taking out its first level of resistance; overall trading bias in the near-term is higher.
Weekly Fundamental British Pound Forecast: Seeking Semblance of Stability
As UK vaccination rates have slowed, coupled with a backdrop of calmed UK Gilt yields, the British Pound’s relative appeal that carried it through the first three months of 2021 has been tarnished.
Oil Mixed Even as Data Points to Strong Rebound for Demand
Oil futures were trying for a fifth straight gain Friday but were presently seeing lackluster trade as investors weighed a strong economic report from China against evidence of cases of COVID rising in parts of the world, threatening a fitful recovery from the demandsapping pandemic. The energy markets have so far been buttressed by monthly […]
Copper Heads for Biggest Weekly Gain Since February
LONDON, April 16 Reuters Copper was on track for its biggest weekly rise in two months on Friday after solid U.S. and Chinese economic data pushed global stock markets to near record highs and several investment banks predicted higher prices for the metal. However the numbers from China, the biggest consumer of metals, were a […]
Gold Prices Rise, Head for Best Weekly Gain in a Month
Gold futures headed higher Friday morning for a second straight day, putting bullion on track for the sharpest weekly rise in about a month. The precious metal was benefiting from benchmark bond yields receding, weakness in the U.S. dollar, and a pullback in bitcoin, one of the assets seen competing against safe haven gold. June gold was trading […]
Russian Rouble Claws Back Ground Lost after U.S. Sanctions
MOSCOW, April 16 Reuters The rouble strengthened past 76 versus the dollar on Friday, clawing back losses sustained in the previous session when the United States announced fresh sanctions against Moscow, including curbs to Russias sovereign debt. By 1147 GMT, the rouble was 0.5 stronger against the dollar at 75.93, earlier gaining over 1 to […]
GBP Technical Forecast: GBP/USD Charts Looking Increasingly Bullish
GBP/USD has been in ‘backing-and-filling’ mode since the end of Feb, but that stage could be nearing an end and give-way to a broader advance.
Recovery Quickens as U.S. Retail Sales Soar, Jobless Claims Ease
The U.S. economys comeback is firing on all cylinders with employment, retail spending and manufacturing exhibiting strong gains. Thursdays barrage of economic data showed that some parts of the economy, like retail sales, have returned to or exceeded prepandemic levels. Applications for unemployment benefits, while still elevated, hit the lowest in 13 months. The rebound […]
Commodity Currencies Up on Good Data; ECOFIN Meeting
Rates as of 0500 GMT Market Recap Not much worth writing about in the FX market today! Very small movements except in AUD and NZD. It seems that the blowout US data yesterday has improved the riskon sentiment. US retail sales were up 9.8 mom vs 5.8 forecast, jobless claims fell an enormous 168k vs […]
Fixed income portfolio trading 101: Minimize risk and unlock future opportunities
A growing number of fixed income traders are turning to portfolio trades when they want to buy or sell a large number of bonds quickly.