Gold Price Gains Traction, Crude Oil Price Rises

The USDJPY pair halted its decline around 142.98 on Monday. However, this pause in the yen’s rally should not be misleading, as it comes amid uncertainty surrounding the extent of the anticipated monetary policy easing by the US Federal Reserve. The latest US employment report provided little information for adjusting forecasts of the Fed’s interest […]

Gold ends sideways trajectory; enters uncharted territory Short-term bias positive but overbought signals suggest some caution A close above 2,480 might be necessary to boost buying confidence Gold bulls powered ahead to finally exit the three-month range and chart an all-time high of 2,482 on Wednesday. The bullish breakout has placed the precious metal back into an […]

U.S. Highlights An upside inflation surprise didn’t do much to move markets, as the details of the report fell in line with expectations. The focus remains firmly on the services sector, where housing costs continue to prop up price growth. Looking forward, the Fed will need to see more consistent evidence of disinflation – likely […]