Resistance ahead for gold bugs

Overnight Headlines *USD closes marginally higher but below key support *US equities hit by tech losses with Nasdaq down 2.55%, futures lower * US inflation data fears grow amid soaring commodity prices US equities turned sharply lower with a big …

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Dollar in a deep hole

Overnight Headlines *USD stable after huge miss on NFP, EUR above 1.2150 *US equities closed at record highs, VIX closed at week’s lows * US jobs data disappointment eases concerns on inflation USD got hit on Friday after the massive …

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It’s Friday, it’s NFP day

Overnight Headlines *USD dipped on improving risk sentiment *US equities surged higher with better-than-expected US jobless figures *Gold breaks north to near three-month highs USD found resistance at 91.32 too difficult to handle once again and the release of the …

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Super Thursday – BoE’s time to taper?

Overnight Headlines *USD eased as US economic data came in softer than expected *US equities closed mostly higher, tech lagged, Europe outperformed *China halts Australia economic dialogue in latest retaliation USD had a narrow range day consolidating again below the …

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Risk steady after Yellen clarity

Overnight Headlines *USD hit a two-week high as risk appetite faded   *US equities ended mostly lower with major weakness in tech and growth stocks *US Treasury Secretary Yellen commented that rates may have to rise to keep the economy …

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Recovery signs help risk mood

Overnight Headlines *USD recoups some of yesterday’s losses even after equity bounce *US stocks were mostly higher driven by energy and materials, tech lagged *Fed’s Powell stated US economy was doing better but “not out of the woods” yet USD …

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Quiet markets ahead of RBA, ISM and NFP

Overnight Headlines *USD consolidates after Friday’s stunning month-end move *US stocks closed lower Friday and Asian markets are off to a slow start with holidays in Japan, China and the UK *Oil runs into profit-taking after gains of over 6% …

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Reflation trade kicks on

Overnight Headlines *USD gained against most of its peers on data showing accelerating US recovery *US stocks close at all-time highs, Amazon’s stellar results adding to positive sentiment *Higher bond yields in focus, Eurozone and German GDP released this morning …

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Can US GDP pause the dollar decline?

Overnight Headlines *US stock futures hit new record highs after patient Fed and robust Big Tech earnings *USD weakens as Powell in no rush to withdraw uber-accommodative policy *Q1 US GDP consensus at 6.8% with more to come in Q2 …

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Don’t fight the Fed?

Overnight Headlines *US stocks were muted and mixed, cautious trading in Asia *USD gained for the first time in three sessions, higher yields helping *FOMC expected to pause and be patient at today’s meeting USD is trading just above 91 …

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