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Time to Go Bull on Gold

Time to Go Bull on Gold
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🕔August 4, 2016

  • Major investors see bright future for Gold
  • Gold emboldened by market climate

Victor Sperandeo, CEO of EAM Partners, clarified that the USD and Gold are negatively correlated as he stated that the economic decline will continue to bolster Gold’s performance in the market.…

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Talks of Adjustments To the Bond Buying Program Lowers Euro zone Yields

Talks of Adjustments To the Bond Buying Program Lowers Euro zone Yields
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🕔August 4, 2016

Euro zone bond yields have been headed lower this Thursday after a popular ECB policy maker suggested that the bond buying programme should be open to adjustment. The policy maker had previously taken a firm stance against adjusting the bond-buying programme but with the ongoing economic conditions, some flexibility is welcome if it will prevent a scarcity of the eligible debt.

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Australia Retail Sales Below Market Expectations

Australia Retail Sales Below Market Expectations

🕔August 3, 2016

Retail sales in Australia rose 0.1 percent month-on-month in June of 2016 from a 0.2 percent increase in May and below market expectations of 0.4 percent. Australia’s retail sales have underwhelmed yet again in June. The disappointing result, not only in June but over the first half of the year, saw the year-on-year growth rate slow to just 2.76%, the weakest seen since July 2013.…

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US ISM PMI Signals Economic Growth

US ISM PMI Signals Economic Growth

🕔August 3, 2016

The US Institute of Supply Management (ISM) non-manufacturing purchasing manager’s index slid to 55.5 for July from the 17 month peak of 56.5 the month before. Services which is said to be the most important aspect of the economy was shown to still be growing by this report in spite of it coming slightly below market anticipations set at 56.0.…

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The JPY Shrugs off Stimulus to Strengthen Further

The JPY Shrugs off Stimulus to Strengthen Further

🕔August 3, 2016

The market was clearly not impressed by the Bank of Japan stimulus efforts as not even up to a week after their decision, the JPY has resumed its strengthening. Further making things worse is the seeming lack of options on the part of the BOJ as their only hope for a turnaround in the rate of inflation outlook for Japan is gradually becoming a fiscal policy.…

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BOE Pressured to Cut Interest Rates as Manufacturing Slumps

BOE Pressured to Cut Interest Rates as Manufacturing Slumps

🕔August 3, 2016

  • NIESR have disturbing revelations for the future of the UK economy
  • Brexit strikes again

According to figures released today, activity in the UK manufacturing sector experienced a major slump in in July. The CIPS/Markit UK manufacturing PMI fell by 8% from its July value of 52.4, as it reportedly came in at 48.2, the results have currently raised the pressure currently mounted on the Bank of England to cut interest rates in their meeting on Thursday.…

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Services Sector in China Eases to 51.7 in July

Services Sector in China Eases to 51.7 in July
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🕔August 3, 2016

The Caixin China Services PMI unexpectedly fell to 51.7 in July of 2016 from an 11-month high of 52.7 in June and missing expectations of 52.9. Activity and new order slowed while employment fell for the first time in 4 months.…

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Weaker USD Boosts Gold

Weaker USD Boosts Gold
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🕔August 2, 2016

Gold prices reached an almost 1 month high on Tuesday, being positively affected by market anticipations that the Federal Reserve Bank will suppress any near future plans for monetary policy tightening as other central banks continue easing. Gold for December delivery closed at $1,372.60 a troy ounce which is around 1% higher on the Comex side of the New York Mercantile Exchange, since July 6, this is the highest settlement price.…

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GBPUSD Analysis – short term trend of this pair is bullish

GBPUSD Analysis – short term trend of this pair is bullish
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🕔August 2, 2016

GBP/USD gathered renewed momentum and extended to fresh 2-week highs above 1.3300 during the American afternoon, as the dollar trades lower across the board. However, investors might be reluctant to push Cable higher ahead of the Bank of England policy decision on Thursday, with consensus looking for a 25 bps rate cut, while some analysts expect the bank to expand their bond purchases by £50 billion to £425 billion.…

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US Economy Shows Strength

US Economy Shows Strength

🕔August 2, 2016

The US Personal Consumer Expenditure index for June came in higher than expected as homes consumed a large range of goods and services, the rise signifies an increase in the likelihood of consumption maintaining its solid footing through the second quarter.…

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