Gold Outlook: Near Term Tone Firmed Ahead of Key Event – Powell’s Speech in Jackson Hole

WTI oil price fell to the lowest in almost four weeks in early Monday, following a short-lived spike higher on Friday, sparked by Israel’s attack on Iran. The sentiment changed quickly to negative on fading signals of escalation of the conflict and traders shift focus to fundamentals, with rise in US crude inventories adding to […]

In focus today In the US, April PPI is due for release this afternoon, unusually ahead of the CPI release tomorrow. This means markets could pay even more attention to it than usual, not least after the upside surprises seen in the March inflation data. In Germany, we receive the ZEW survey for May. The […]

Markets European bond markets still opened stronger in the wake of yesterday’s unconvincing press conference by ECB President Lagarde. The move lacked momentum though with first individual ECB members sounding more hawkish than Lagarde did. We must admit that it weren’t the most high-profile representatives though. Latvian ECB Kazaks admits that rates should start to […]