Market Themes Yesterday up until the US market close, dollar weakness emerged as a common driver across the board: the US Dollar Index fell 0.28%, the Euro rose 0.30%, and USD/JPY fell 0.23%. Intraday German Consumer Price Index (CPI) MoM came in at 0.2%, higher than expected, providing extra confidence for the Euro. US Crude Oil rose 3.36%; Dow Jones…

Market Themes On Monday (August 31), during the Asian session, overall market trading sentiment was cautious: Gold, the Hang Seng Index, and USD/JPY weakened in tandem, with only the Nikkei 225 rising against the trend. On the news front, US inflation data provided support for the US dollar, remaining the focus of attention for the gold market. We believe that…

Market Themes On August 28, up until the US market close, the market narrative was completely opposite to the previous trading day—August 27 saw commodities bulls exerting force, whereas overnight switched to dollar strengthening suppressing the entire field: the US Dollar Index rose 0.56%, Gold fell 3.18%, the Euro fell 0.61%, and the British Pound fell 0.44%, with non-US currencies…

Market Themes Yesterday, up until the US market close, the strong performance of the US Dollar Index constituted a common suppressing factor across the market. Specifically, the US Dollar Index recorded a gain of 0.25%, and this momentum transmitted directly to safe-haven and risk assets: Gold (XAUUSD) fell 1.43%, Silver (XAGUSD) fell 0.91%, and the British Pound (GBPUSD) also pulled…

Market Themes The US CB Consumer Confidence Index recorded 89.4, significantly pulling back from the revised previous value of 90.2% and far weaker than market expectations. We believe that weak consumer sentiment provided a soft macroeconomic backdrop for commodities, with oil prices reacting particularly violently, directly mirroring market concerns over economic momentum. US Crude Oil fell 4.58%; Nasdaq rose 0.66%;…