Market Overview
Risk-Off Sentiment Heats Up, US Crude Oil Pulls Back Nearly 2%, Market Eyes US CB Consumer Confidence Index
Market Themes Yesterday, up until the US market close, risk-off sentiment dominated the market: Gold (XAUUSD) recorded a 1.01% gain, while Nasdaq (NAS100) fell 0.92%, presenting a sharp contrast to the pattern of commodities bulls exerting force on August 21. This shift in the main narrative was extremely clean; we tend to observe for another day to confirm its continuity—after…
Commodities Bulls Exert Force, Gold Surges Nearly 2%
Market Themes From a cross-asset structure perspective, capital clearly flowed into commodities: Gold rose 1.88%, US Crude Oil rose 0.45%. Japan National Core Consumer Price Index (Core CPI) YoY recorded 1.8%, below expectations. Gold rose 1.88%; Dow Jones rose 0.85%; US Crude Oil rose 0.45%; Nasdaq rose 0.24%; GBP rose 0.10%. On August 21, Gold (XAUUSD) closed higher, up 84.9…
Commodities Bulls Exert Force, US Crude Oil Rises Nearly 2%, Market Eyes French S&P Global Manufacturing PMI
Market Themes From a cross-asset structure perspective, capital clearly flowed into commodities: Silver rose 1.80%, US Crude Oil rose 2.30%. This differed from the “boosted by a weakening US dollar” pattern on August 19, showing a shift in the main narrative; we tend to observe for another day before confirming its continuity. US Initial Jobless Claims recorded 206K, matching expectations…
Boosted by a Weakening US Dollar, Gold Surges Nearly 4%; Market Eyes US Initial Jobless Claims
Market Themes From a cross-asset structure perspective, a weakening US dollar became the common driver: the US Dollar Index fell 0.88%, Gold rose 4.37%, EUR rose 0.88%, and GBP rose 0.54%. The US EIA Crude Oil Stocks Change came in at 4.405M, below expectations. Gold rose 4.37%; EUR rose 0.88%; GBP rose 0.54%; Dow Jones rose 0.25%; US Crude Oil…
Risk Appetite Cools as Gold Falls Nearly 2%; Markets Focus on ECB President Lagarde’s Speech
Market Theme Gold led the decline among major assets. U.S. Housing Starts came in at -12.4% MoM. Although the previous reading was revised up to 19.7%, the latest figure was well below expectations, setting the tone for weaker risk sentiment overnight. Gold fell 1.84%, the Nasdaq declined 1.71%, the S&P 500 lost 0.68%, U.S. crude oil rose 0.39%, while GBP/USD…
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