CAD: Canadian Dollar Strength and US Dollar Weakness - September 7, 2017 11:04

On the foreign exchange market Wednesday things began slowly. Mixed moves from the major currencies meant choppy trade until data from the West arrived. Things became more volatile as the Bank of Canada (BoC) moved rates by 0.25 to 1%. This sparked some life into the Canadian Dollar, and in turn its US cousin. A […]

Gold Drops on Eurozone GDP Horror Show - February 14, 2013 21:39

For those that missed it, Gold re-coupled with the Euro in early January after the ECB’s policy meeting and Mario Draghi’s comments on about the direction of ECB monetary policy for the medium term — think tight.  Since that day the daily directional moves in Gold and the Euro have been in sync, with Gold’s […]

Gold Survives Another Vicious Attack Post Draghi Comments - February 8, 2013 3:01

You almost have to feel bad for whatever hedge fund(s) is trying to piggy-back on the ESF and the Fed’s capping of the gold price at this point.   The take down of gold — this seems to be something I’m writing on a daily basis now — started at 9:15 this morning and took gold […]

Gold Declines ahead of ECB Meeting - September 6, 2012 23:59

Gold futures fell on Wednesday as investors had mixed opinions before the meeting of European Central Bank on Thursday. Investors are also keenly waiting of US jobs data due on Friday. Gold futures contract for December delivery fell 0.1 percent or $2 to settle at $1,694 per ounce on the Comex division of the New […]

Crude Oil Volatile on Weak Economic Data - September 6, 2012 23:56

Crude oil futures slightly gained on Wednesday after volatile session due to weak macroeconomic data, while on the positive side investors were hoping for decrease in oil inventories data. Investors were pessimistic after the decline in US manufacturing data which fell for the third consecutive month. The euro zone’s Markit purchasing managers’ index also turned […]

Gold Futures Decline as ECB Cuts Interest Rate - July 6, 2012 23:58

Gold futures fell on Thursday in reaction to moves of the ECB and the Bank of England which created worries for global economy.  The European Central Bank announced reduction in the key interest rate while the Bank of England opted for further easing measures. Though the move of European Central Bank was highly anticipated by […]

EIA Reports Minor Decline in Oil Inventories - June 7, 2012 23:59

The Energy Information Administration reported its official figures on crude oil inventories on Wednesday according to which crude oil supplies fell by 100,000 barrels for the week ending June 1st. Analysts were expecting a decrease of 1 million barrels in crude oil supplies for the respective week. Another trade group, the American Petroleum Institute reported […]

Economic Events to Affect the Forex Markets for Week Ending February 10th - February 7, 2012 23:55

List of major economic events that have a significant impact on the Forex markets for the week ending February 10th, 2012 is as under: On Monday, February 6th, data on German factory orders was published in euro zone while the single currency region released its separate indicator on investor confidence. In United Kingdom, data on […]

Weekly Forex Outlook - January 25, 2012 23:48

Major economic events which have a significant impact on the forex markets for the week ending January 27th, 2012 are as under: On Monday January 23rd, 2012, report on consumer confidence was released in euro zone. In Canada, index of leading economic indicators was released while in Australia, government data on producer price inflation was […]