Gold fails to hold its July high Even though rates fell another 3 basis points today, the $1834 resistance level and some mild US dollar purchasing signaled difficulties for gold today. Technically, that's a basic setup,…
Continue ReadingWhile the Fed meeting tonight is unlikely to result in a resolution on tapering, a number of technical concerns are on the table, making the meeting all the more interesting. Here's what to look out for: On USD liquidity: it…
Continue ReadingThe market has maintained its calmer mood in recent days, while COVID-19 concerns are gradually creeping in. For the time being, however, that is insufficient to derail the risk rally/rebound following the decline to begin the week on Monday. European…
Continue ReadingIn Definition of the term, inflation is defined as a rise in the price of goods and services. It occurs when the cost of goods and services rises over time. The spending power or value of money falls when the…
Continue ReadingToday, all eyes will be on New Zealand for the release of Q2 inflation data. The headline CPI increased by 3.3 % year over year and 1.3 % in the first quarter alone. Expectations and market pricing for a Reserve…
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