Commodities

Precious Metals and Commodities Weekly (Video)

Our weekly walk through of precious metals, energy and soft commodities using a combination of commentary and technical analysis. This week we assess the markets post the overnight FOMC which was surprisingly upbeat, causing a U.S. dollar rally. We will also see why the rain in Argentina is causin ...

U.S Dollar Hanging Tough For Now

September 21: Five things the markets are talking about The Fed’s decision to leave the benchmark interest rate unchanged was entirely anticipated yesterday, but their ‘hawkish’ forecast for where rates will be at the end of the year caught some of the market by surprise. As expected, the Fe ...

Investors Remain Unconvinced By Fed Projections

USD and Indices Pare Post-Fed Gains US futures are marginally lower and the dollar is paring gains ahead of the open on Wall Street, as we see some early profit taking after the Fed unexpectedly maintained its hawkish outlook for interest rates on Wednesday. Subdued inflation, recent Fed commentary ...

Market Digests Fed, Greenback Consolidates, Antipodeans Tumble

The market has mostly interpreted the Fed's action in line with our thinking. Despite the lowering of the long-run Fed funds rate, the shifting one of the three hikes from 2019 into 2020, and recognizing that the weaker price impulses are somewhat mysterious, the Fed clearly signaled its bias ...

Tech Talk for Thursday September 21st 2017

  Observations The TSX Composite Index moved above 15,324.56 setting a new intermediate uptrend. Responses to the FOMC announcement were muted: Equity indices initially moved lower, but closed virtually unchanged. The U.S. Dollar Index and its related ETF moved slightly higher. Gold and gold eq ...

Feds Hawkish Dots Surprise

Feds Hawkish Dots Surprise   The Fed(dots) surprised on the hawkish side, paving the road for a broad USD rally as the FX markets activity roared back to life with volumes surged. US 10y yields rose 6bps towards 2.29%, while equities and gold all took a dip lower. The markets jumped to attention w ...

Oil Rises After Higher US Crude Inventories

Oil rose was on course for its largest third-quarter gain in 13 years as prices rose on Wednesday after the Iraqi oil minister said that OPEC and its partners are considering extending or deepening output cuts aimed at reducing a global supply glut. Brent crude futures were up 48 cents at $55.62 a ...

Gold Higher Ahead of FOMC Meeting

Gold prices are higher in early U.S. trading, on bargain hunting and short covering ahead of the conclusion of an important Federal Reserve meeting Wednesday afternoon. There is also a bit of safe-haven demand for gold following a fiery speech by U.S. President Trump at the U.N. on Tuesday. Decembe ...

Fed Balance Sheet and Interest Rates in Focus

Economic Projections and Yellen Speech Eyed for Rate Hike Clues Markets have been relatively steady ahead of the US open on Wednesday, as traders await the latest monetary policy decision from the Federal Reserve. With the probability of a rate hike today only 1% priced in, according to Fed funds f ...

Sterling and Kiwi dollar forge ahead of Dot Plot release

Wednesday September 19: Five things the markets are talking about Global equities remain unsettled, sovereign bonds trade mixed and G10 (ex-sterling) currencies are mostly drifting ahead of today’s Federal Reserve’s rate decision and press conference. Along with the market strongly anticipating ...