Crude Oil Prices Look to API Inventory Data for Direction

Talking Points: Crude oil prices drop, seemingly correcting after Friday’s surge Gold prices rise amid pre-positioning for Friday’s Yellen speech API inventory flow report, Trump rally in Arizona now in focus Crude oil prices dropped even as Libya halted delivers from the Shahara field, its largest. Compliance with the OPEC-led production cut accord reportedly weakened […]

US Dollar Eyes CPI But Geopolitics May Trump Data Impact

Talking Points: Yen gains while Aussie, NZ Dollars sink as risk aversion extends to Asia US Dollar may be forced to look past CPI data amid geopolitical jitters Are FX markets matching DailyFX forecasts so far in Q3? Find out here The sentiment-linked Australian and New Zealand Dollars slumped while the perennially anti-risk Japanese Yen […]

Australian Dollar Muted on Neutral RBA, Economic Data Risk Ahead

Talking Points: Australian Dollar little moved following the RBA monetary policy announcement The central bank left rates at 1.50%, seeing it at a proper level for the economy Australian GDP data is due on Wednesday, China CPI and trade balance follow What do retail traders’ buy/sell decisions hint about the Australian Dollar trend?Find out here. […]

Gold Prices Coil Up, May Break Upward on US GDP Data

Talking Points: Gold prices trace out bullish Triangle chart pattern Soft Q1 US GDP revision may trigger upside breakout Crude oil prices swoon as OPEC extends output cuts Gold prices continued to mark time as expected, with traders looking ahead to the release of revised first-quarter US GDP figures. Consensus forecasts see the annualized growth […]

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Gold Prices Unmoved by NFP Data Release

Talking Points: Gold Prices Unmoved by NFP Data Release Markets Next Look to Janet Yellen for Direction Looking for additional trade ideas for gold and commodities markets? Read our 2017 Market Forecast Gold Prices remain flat this Friday, despite US NFP (Non-farm Payrolls) figures beating expectations this morning. Expectations for this morning’s NFP (APR) event […]