The latest CFTC positioning shows that asset managers have been continuing to add to dollar short positions as a recent string of US data has shown that the US economy…
As we start the week there is a big challenge for gold. Last week’s hot CPI print led to increased expectations of a 100bps rate hike. Short-term interest rate markets…
Gold and silver markets have both been pressured over the last few weeks on expectations of aggressive Fed hikes. On Tuesday this week both headline and core inflation printed at…
Should the dip be bought? Gold prices rose 2.57% last week as markets firmed up the $1700 support level for gold. The question everyone wants to know is, ‘should you…
On Friday the Eurozone Global Composite PMI print for July dropped to 49.4 from 51.0. This was below the minimum expectations for a print of 50. On top of this,…
Pairing a weak currency against a strong currency is a basic market skill that intraday traders use daily. Which currency is likely to be strong and which is likely to…
Gold’s technical reversal signal Last week gold retested major support around the $1780 region. However, sellers were unable to push the price lower and the daily price action on Friday…
The Canadian Dollar has been finding steady bids over the last few weeks due to higher oil prices, an optimistic BoC, and recent reassurance from the Canadian consumer and house…
The Bank of England was one of the first major banks to increase interest rates in order to deal with surging inflation. With inflation at 9% y/y the early action…
One of the key skills in trading is trading a strong currency against a weak one. This helps generate a clear directional bias for a pair based on the underlying…