Gold prices are higher today after the FOMC minutes. Safe-haven demand was featured in the yellow metal today as the U.S. stock market sold off and fall of US treasury yields. A selloff in the global equity markets provided a strong lift to traditional safe-haven assets and assisted the precious metal. The renewed weakness in [...]
The re-opening of UK continues with people now allowed to be inside pubs and restaurants from Monday along with indoor socializing and a limited range of foreign travel. This should led a helping hand to re-boot the service sector, an area that has been hit hard by coronavirus lockdowns, with people now able to spend [...]
The Canadian dollar is strong against greenback due to the upbeat Canadian economic data and greenback decline. A mixture of rising oil prices and rising Canadian wholesale sales for March has provided a boost for the Canadian Dollar. Loonie seems to be strong this week after Canada’s wholesale transactions beat forecasts and rose by 2.8% [...]
Aussie seems to struggle against the greenback after the release of downbeat data from China. Chinese Retail Sales and Industrial Production data data arrived as follows: Chinese Surveyed Jobless Rate Apr: 5.1% (exp 5.4%; prev 5.3%). Chinese Fixed Assets Ex-Rural YTD (YoY) Apr: 19.9% (exp 30.3%; prev 25.6%) - Property Investment YTD (YoY) Apr: 21.6% [...]
