U.S. crude advances as traders await AUD RBA Interest Rate Decision
Market Themes The US Dollar Index strengthened. In terms of focus, the market is awaiting the RBA interest rate decision, the outcome of which will directly set the tone for the Australian Dollar and risk assets; before the results are released, the market may remain pr…
Gold and silver push higher together as traders await JPY BoJ Summary of Opinions
Market Theme Precious metals led the session, with gold pushing sharply higher. On the data front, USD Unemployment Rate printed 4.1%, below forecasts. The dollar index softened slightly 0.39%; gold jumped 2.19%; U.S. indices broadly higher (the Nasdaq 100 r…
The risk-off tone builds; U.S. crude advances as traders await USD Unemployment Rate
Market Theme The dollar index firmed. On the data front, USD Initial Jobless Claims printed 199K, above forecasts. The dollar index bounced 0.29%; gold held a narrow range; U.S. indices broadly lower (the Dow declined 1.15%); in Europe the DAX traded flat, t…
Gold Rises as U.S. Dollar Weakens, with Focus Turning to Initial Jobless Claims
Market Theme The dollar eased against most majors, lending the precious metals support. On the data front, USD ADP Nonfarm Employment Change printed 44K, above forecasts. Market snapshot: The dollar broadly softer; gold +4.02%; U.S. indices mixed…
A softer dollar sets the tone; gold and silver push higher together as traders await NZD Employment Change
Market Theme The dollar eased against most majors, lending the precious metals support. On the data front, USD JOLTS Job Openings printed 7.359M, above forecasts. Market snapshot: gold +0.60%; the dollar broadly softer; U.S. indices broadly higher (the Dow +…