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Commitment of traders report (COT):
The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange.
Two Trades to Watch: GBP/USD, Gold
GBP/USD rises ahead of BoE rate decision. Gold rises post Fed and looks to jobless claims.
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Two Trades to Watch: Gold, DAX
Gold rises ahead of Michigan consumer confidence. DAX rises but is set for a steep weekly loss after a chaotic week in the markets .
Banks plunge as concerns mount over financial crisis 2.0
The selling of financial stocks was triggered by Credit Suisse this time
Commodity prices forecast to be strong in 2023
The StoneX Metals and Energy Markets Annual Outlook forecasts double digit percentage increases for seven out of twelve commodities tracked.
Two Trades to Watch: Gold, FTSE
Gold rises towards $1900 on Fed re-pricing. FTSE unchanged after HSBC takes over SVB’s UK arm.
Gold finds relief as dollar rally pauses – for now
For gold to make a stronger recovery, we will have to see a surprise miss on Friday’s NFP
Gold price forecast: XAU/USD bulls ramp off support
Gold prices are poised to mark an outside-weekly reversal off a key technical support pivot- bears on notice. The levels that matter on the XAU/USD weekly chart.
Two Trades to Watch: FTSE, Gold
FTSE rises after upbeat Chinese services data. Gold rises ahead of US ISM services PMI.
Two Trades to Watch: EUR/GBP, Gold
EUR/GBP looks to a new Brexit deal. Gold falls ahead of US durable goods orders.
European Open: Traders to get another inflation fix ahead of the weekend
Markets cannot get enough of US inflation data at present and what it means for the Fed. And that means today’s PCE figures are now likely the more important.
Gold finds relief but risks tilted to downside
But will today’s FOMC minutes match the recent hawkish Fedspeak? And – more importantly for gold traders – will the dollar and yields have further to run on the Fed story?
Two Trades to Watch: EUR/USD, Gold
EUR/USD rises ahead of German IFO business climate data & FOMC minutes. Gold awaits the Fed minutes.
European Open: #WTI back above $70, #yen remains firm - https://t.co/r45922Q56j https://t.co/vsIjPjv43O
European Open: Gold consolidates ahead of FOMC minutes
Gold may be on the quiet side now, but it’s unlikely to remain the case if the FOMC minutes go as we suspect.
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Two trades to watch: FTSE, Gold
FTSE rises above 8000 to fresh record highs. Gold struggles below 1840 ahead of PPI.
Gold extends drop on strong US data
Retail sales become latest data to beat expectations, adding to sticky inflation narrative
Two trades to watch: GBP/USD, Gold
GBP/USD rises after UK wages increase. Gold awaits US inflation data.
Gold drops but will it find some love again?
The move lower coincided with the dollar attempting to form a base...
Is gold set for a ‘sympathy bounce’ towards 1900?
Whilst we suspect gold could eventually head for $1800, it shows the potential to revert to $1900 first.
Precious metals remain under pressure
Investors now expect the Fed to maintain contractionary policy longer than expected to dampen inflationary pressures arising from tight labour market.