The US Dollar reclaimed the ascendency last week with the DXY index notching up its largest weekly gain since September last year. The DXY index is a US Dollar index that is weighted against EUR (57.6%), JPY (13.6%), GBP (11.9%), CAD (9.1%), SEK (4.2%) and CHF (3.6%). EUR/USD and GBP/USD saw the larger falls while...Read More

Gold consolidated around the US$ 2,020 handle going into Tuesday’s trading session after dipping last Friday as sways in risk sentiment appear to be driving the pricing of the precious metal. Treasury yields have ticked higher across the curve since the Federal Open Market Committee (FOMC) raised its target rate by 25 basis points to...Read More

The Japanese Yen has been a thorn and a crown for traders over the last week, providing both headaches and bliss in a wild ride of price action. he fundamental backdrop for Japanese monetary policy remains unchanged for now despite Kazuo Ueda taking the reigns last month as the new Governor of the Bank of...Read More

Gold ramped higher after the North American close today at the same time that the crude oil price fell in a heap. The moves come after the Federal Open Market Committee (FOMC) raised its target rate by 25 basis points to 5-5.25% yesterday. The US Dollar ended weaker against all G-10 currencies on Wednesday, potentially...Read More

Gold broke higher in the overnight session, racing above US$ 2,000 an ounce with risk sentiment sinking which saw Treasuries go higher on lower yields. Wall Street finished down after regional banks faced scrutiny by the market despite the embattled First Republic Bank finding a home with JP Morgan at the start of the week....Read More

Gold continues to tread water ahead of a crucial week of US data points and a Federal Open Market Committee (FOMC) meeting. While ISM and non-farm payrolls data will be closely watched, the FOMC gathering will be the focus for markets. The interest rate market has pretty much baked in a 25 basis point lift...Read More

Earnings from the big technology companies may have boosted US equity indices but the bar for further gains is rising ahead of the US FOMC meeting next week. That said, the trend remains up and so far, there are no signs of a reversal of the uptrend on technical charts. The quarterly earnings continue to...Read More

AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar is trading in the red against the U.S. dollar this Friday morning as risk appetite dwindles. The greenback’s safe-haven appeal has come into play via renewed attacks from Russia in Ukraine US banking concerns. Emergency borrowings from the Federal Reserve increased for the second consecutive week underlining the...Read More

The Japanese yen fell after the Bank of Japan’s (BOJ) left ultra-loose policy settings unchanged, especially the closely watched yield curve control (YCC) policy but removed its forward guidance that pledged to keep interest rates at current or lower levels. About an hour before the release of the BOJ rate decision, USD/JPY had been volatile...Read More

Crude oil slipped lower overnight, filling in the price gap created when OPEC+ announced a cut to production earlier this month. The inability to hold the gains post the squeeze could be suggestive that demand for energy may not be as strong as anticipated going into the Northern Hemisphere summer. The structure of the WTI...Read More