Category: Liquidity

December 6, 2023

USD/CAD (U.S. dollar – Canadian dollar) retained a negative bias on Wednesday after the Bank of Canada voted to keep interest rates unchanged at 5.0%. While the decision to maintain the status quo was largely anticipated, the BoC left the […]

November 14, 2023

Europe has been the center of pessimistic fundamental data in recent months as the global growth slowdown advances. Elevated interest rates are helping to constrain economic activity in order to bring down inflation but it remains a delicate balancing act […]

November 13, 2023

The Japanese Yen was lower against the US Dollar in Europe and Asia on Monday with USD/JPY set for a fourth straight day of gains and, more pertinently, closing in on 2022’s thirty-year peaks. The Japanese unit has been battered […]

November 10, 2023

Federal Reserve Chair Jerome Powell sent risk markets spinning lower, and bond yields higher after he said that the US central bank was not confident that the current monetary policy was restrictive enough to bring inflation down to target (2%). […]

October 26, 2023

The ECB left all three of its key interest rates unchanged today and noted that while inflation is expected to ‘stay too high for too long’, inflation dropped markedly in September due to strong base effects. The central bank added […]

October 25, 2023

Gold is treading water in early trade with little fresh news to drive price action. Risk markets are trying to push higher, despite the ongoing crisis in the Middle East, as the US earnings season gets into full flow. Tuesday’s […]

October 23, 2023

The British Pound is little changed as traders open their books for the week with little macro news around to start a move. The situation in the Middle East remains unpredictable and very volatile, while the proposed Israel move into […]

October 18, 2023

The US Dollar has slipped through the Asian session after making some headway overnight on the back of Treasury yields pushing toward multi-year peaks. US retail sales rose by 0.7% month-on-month in September, higher than the 0.3% anticipated and slightly […]

October 13, 2023

The U.S. dollar, as measured by the DXY, embarked on a furious rally on Thursday after hotter-than-expected U.S. September inflation data sent Treasury yields sharply higher and increased the likelihood that the Fed will deliver another quarter-point rate hike at […]

September 22, 2023

Gold prices fell about -0.6 percent over the past 24 hours as financial markets continued digesting the aftermath and implications of the Federal Reserve interest rate decision. In response, retail traders have increased bullish exposure in the precious metal. This […]

September 18, 2023

The Federal Reserve (Fed) and the Bank of Japan (BoJ) will both announce their latest monetary policy decision this week – Wednesday and Friday respectively – with both central banks expected to leave interest rates untouched. Both decisions however have […]

September 15, 2023

GBP has faced selling pressure this week weighed down in part by GDP data, with an increase in total earnings unable to arrest the slide. Now obviously there was some mitigating effects on the recently released data which may blur […]

September 14, 2023

Gold prices remain under pressure this Thursday after yesterday’s US CPI report showed elevated headline inflation despite a softer core inflation read. This translates through to sustained tight monetary policy by the Federal Reserve. Energy was the primary contributor to […]

September 6, 2023

Gold prices fell almost 0.7 percent on Monday marking the worst 24-hour period in over one month. In response, retail traders decreased their downside exposure. This can be seen by taking a look at IG Client Sentiment (IGCS), which often […]

September 5, 2023

The U.S. dollar index soared to a six-month peak on Tuesday (104.90) on the back of a strong advance in U.S. government rates. Against this backdrop, USD/JPY (U.S. dollar – Japanese yen) staged a solid rally, rising around 0.8% to […]

August 28, 2023

The Euro appears to be eyeing a temporary reprieve and recovery on Monday following a trying time last week. EURUSD put in its 6th consecutive week of losses while EURGBP actually ended the week strong following an early week sell-off […]

August 21, 2023

Gold prices concluded a 4th consecutive week of losses this past Friday. In fact, so far this month, the yellow metal is down about 3.6 percent. That marks the worst performance since February. In response, retail traders have become increasingly […]

August 9, 2023

European assets began trading on the front foot this morning after the announcement of a surprising Italian bank tax sent markets lower yesterday. The tax had been brought up before but had since gone off the boil, so while markets […]

July 20, 2023

The euro picked up some support ahead of the European session as German PPI data (see economic calendar) beat estimates that could point to continued inflationary pressures within the German economy. This falls in line with yesterday’s CPI report but […]

July 18, 2023

Gold prices have enjoyed a good bounce following a selloff in yesterday US session pushed the precious metal below the $1950 handle. The move was short lived however, as buying pressure returned and continued through the Asian session with Gold […]