Soft Start for Gold Gold prices are starting the new week on a slightly soft footing and remain well within the range which has framed the market over the last month, reflecting the opposing factors...
What's Driving The Rally In Crude?
Weaker Dollar Helping Following heavy selling at the start of the week, oil prices are trading higher ahead of the weekend. Crude futures have climbed back into positive territory on the week, helped...
ECB Delivers Hawkish Fireworks
EUR RallyingEUR is pushing firmly higher on the back of the June ECB meeting yesterday. The single currency spiked in response to a decidedly hawkish meeting from the bank. Yesterday I outlined that...
JPY Falls As BOJ Holds Stimulus Intact
BOJ Stands FirmJPY has come under heavy selling pressure today as the BOJ kept rates on hold at its latest monetary policy meeting overnight. Despite simmering speculation that the bank might be...
Supply shocks in European gas output prompted spike in gas futures prices
After numerous earthquakes that damaged thousands of homes, the Netherlands has decided to permanently close the largest gas field in Groningen in October of this year. This news has caused a 30%...
Silver Prices Struggling To Rally
Tough Time for SilverIt’s been a tricky time recently for silver traders. Following the heavy sell off seen across May, the market has since stabilised with price now sitting around 5% higher off the...
Gold Breaks Out of Key Bullish Channel as Fed Signals Policy Tightening Will Likely Continue
The two-week consolidation period of gold price around $1950 has ended with a breakdown below the lower bound of the main ascending channel:The risk is increasing that sellers will temporarily seize...
Copper Falls On Soft China Factory Data
Factory Output Falls The latest data out of China overnight has given more cause for concern over the health of the world’s second largest economy. Industrial production was seen rising just 3.5% last...
Bar Set High For The ECB Today
ECB Up NextFollowing on from the Fed yesterday, focus today turns to the ECB. In line with previous signalling and recent commentary, the bank is widely expected to press ahead with a further .25%...
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