Gold Steady ahead of Fed Minutes, Treasury Currency Report
Gold has posted slight gains in the Wednesday session. In North American trade, the spot price for one ounce of gold is $1227.24, up 0.19% on the day. On the release front, construction indicators missed the forecasts. Building Permits ticked...
British Pound Dips on Soft CPI
GBP/USD has lost ground in the Wednesday session, erasing the gains seen on Tuesday. In North American trade, the pair is trading at 1.3132, down 0.39% on the day. On the release front, British CPI dropped to 2.4%, shy of...
Directionless Markets Amid Lack Of Clear Driver
EUR/USD lacks direction as political uncertainties persist Since the beginning of the week, US rates have finally taken a breather in the aftermath of a violent equity sell-off. The 2-year treasury yield traded in a tight range – between 2.82%...
EURUSD Is Steady
EUR/USD is steady in the Wednesday session, after posting slight gains to start the week. Currently, the pair is trading at 1.1579, unchanged on the day. On the release front, German ZEW Economic Sentiment plunged to a level of -24.7,...
Fed Minutes Next on the Plate for Dollar
The Fed will release the minutes of its September meeting, where policymakers raised rates for a third time this year, on Wednesday at 1800 GMT. Investors may focus mainly on the discussion around how far above “neutral” officials are willing...
Australian Employment Report Expected to Remain Solid; Unlikely to Excite Aussie Traders
Australia’s employment report for September is likely to attract investors’ attention and is scheduled for release on Thursday at 0030 GMT. The aussie is on the receiving end of considerable downside pressure stemming from growing concerns about a full-blown trade war between...
UK Hourly Earnings Data Beats Expectations, Focus Turning To Brexit Talks And The EU Leader Summit
Brexit to be a focal point ahead of EU Leader Summit as PM Mayl trying to “solve the unsolvable” with regards to Northern Ireland UK Aug Wage data exceeds expectations (Weekly Earnings 3M/Y: 2.7% v 2.6%e) German ZEW survey registers...
Special Report: Can Saudis Stop The Capital Flight?
Saudi index has lost all the gains for this year and oil could see a big move here The Saudi stock market is currently in turmoil, which is leading Investors to lose their confidence by pulling money out of the...
BoC: Businesses Remain Optimistic about the Future
Canadian firms were upbeat over the third quarter of the year, according to the Bank of Canada’s quarterly Business Outlook Survey (BOS). The Bank’s “BOS Indicator” remained elevated despite falling back a touch to 2.8 (from 3.1). It’s important to...
Gold Rises as Metal Regains Safe Haven Title
Gold rose on Monday after US retail sales missed the forecast. Economists had estimated a rebound in core and headline retail sales, but a fall in the food services sector dragged the index lower. Overall US sales continued to show...
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