Market Overview

As the market heads into the weekend, the US dollar is trading softer as it consolidates. It is within yesterday's ranges against all major currencies but the Japanese yen.The dollar has made a...

Bank of England dissent triples as three vote for rate hikeAlongside expectations, the Bank of England held interest rates at record lows of 0.25%. Nonetheless, Kristin Forbes, who has in the past...

BoJ left monetary policies unchanged today as widely expected. Benchmark interest is kept at -0.1%. Meanwhile, under the yield curve control framework, the central bank continues to target 10 year JGB...

EUR/GBPToday’s support: - 0.8708(main), where correction is possible. Break would give 0.8679, where correction also may be. Then follows 0.8657. Break of the latter would result 0.8640. If a...

Today is a very quiet day in terms of data releases. We get the rate decision from the Central Bank of Russia, where we expect a cut to 9.00% from 9.25%.In the US, we get the preliminary consumer...

Against expectations, the Bank of England (BoE) made another hawkish surprise, as three members voted for an immediate hike and it removed its neutral stance by no longer saying that it can 'move in...

The Consumer Price Index for Urban Consumers (CPI-U) released this morning puts the year-over-year inflation rate at 1.87%. It is substantially below the 3.77% average since the end of the Second...

Here is a table showing the annualized change in Headline and Core CPI, not seasonally adjusted, for each of the past six months. Also included are the eight components of Headline CPI and a separate...

The National Association of Home Builders (NAHB) Housing Market Index (HMI) is a gauge of builder opinion on the relative level of current and future single-family home sales. It is a diffusion index,...

On Wednesday, the Fed hiked its interest rates for the fourth time during the current tightening cycle. What does it imply for the gold market?In line with expectations and our Wednesday’s...

The 19th century belonged to the United Kingdom, the 20th century to the United States. Many market experts and analysts now speculate that the 21st century will be remembered as the “Asian...

It’s heartening to see the stuffing being knocked out of the Nasdaq. Friday and Monday morning started it all, and we had our Gartman rally followed by a “Trump-is-hosed” resumption....

Gold Today –New York closed at $1,262.70 yesterday after closing at$1,275.60 Tuesday.London opened at $1,260.00 today. Overall the US dollar was stronger against global currencies, early today....

This morning we got the latest Empire State Manufacturing Survey, which bounced back from the previous month. The diffusion index for General Business Conditions at 19.8 was a jump of 20.8 from the...