Gold Price Trims Gains, Can This Key Support Hold?

Yesterday’s Bank of Japan (BoJ) decision to exit the negative rates went quite smoothly for equities and bonds, relatively disquieting for the yen. The USDJPY spiked past 151.50 this morning on BoJ’s commitment to keep the policy as accommodative as possible and keep buying Japanese government bonds until it’s sure it hits the 2% target […]

Retail sales rose 0.1% month-on-month in August, ahead of the consensus forecast calling for a decline of 0.2% m/m. Revisions to prior months were a touch weaker, with spending for June (-0.3% m/m vs. prior -0.2 m/m) revised slightly lower, while July (1.1% m/m) was left unchanged after rounding. Trade in the auto sector was […]

Summary The services ISM notched a modest gain in August, quelling for now concerns about stalling growth. While the prices paid measure rose, the employment measure indicates a jobs market that is in a decidedly lower gear than it was as recently as earlier this year. ISM Rises to Three-Month High A run of lousy […]