Fed

Gold eases from two-week high on profit-taking after Fed-driven rally

Gold fell on Thursday as investors booked profits after the metal hit a two-week high earlier in the session on increased expectations of a dovish monetary policy stance from the U.S. Federal Reserve. Spot gold slipped by 0.28% to $1,422.6 an ounce. Prices had jumped about 1.5% in the previous sess ...

Market Review Q219: Dollars and Nonsense, Part 1

The story of the first half of 2019 was the Fed reversing its position on raising rates. The gig of short-term fixes is almost up though and now is the time for investors to consider the longer-term implications for monetary policy. ...

Mnuchin Says No Change to U.S. Dollar Policy ‘As of Now’

Treasury Secretary Steven Mnuchin said there is no change in the U.S.’s dollar policy “as of now” but wouldn’t rule out a shift at some stage in the future. There has been “no change to the dollar policy,” he said during an interview Thursday following a Group of Seven finance ministers ...

Futures edge lower as Netflix tumbles

U.S. stock futures slipped on Thursday after streaming pioneer Netflix posted its first drop in U.S. subscribers since 2011, kicking off earnings for the so-called FANG group on a sour note. Netflix Inc (NFLX.O) sank 11.2% premarket as it also missed targets for new subscribers overseas at a time w ...

US Business Cycle Risk Report | 18 July 2019

How slow can it go before slipping into recession? Economic growth in the US has decelerated in recent months and there are new signs in today’s update that the macro trend is at risk of continuing to lose speed (gradually) in the months ahead. Thus the critical question: Where does the tipping p ...

European update – Markets, UK, gold, oil, bitcoin

Earnings weigh on sentiment We’re facing another day of negative stock markets on Thursday, as earnings season gets off to the tough start that many anticipated. Source – Thomson Reuters Eikon Netflix became the latest company on Thursday to face an investor backlash as subscribers rose at ...

Business Breakfast with OANDA on Jazz FM

OANDA Senior Market Analyst Craig Erlam joins Jazz FMs Michael Wilson to discuss Netflix, Amazon, Carney’s failed IMF bid and Housing. US Open – Netflix misses, Iran seizes a vessel, Silver gains on gold, Bitcoin eyes $10,000Posted 30 minutes ago Gold eases from two-week high on profit-ta ...

Pound better bid ahead of retail sales

  Rebound extends to a second day GBP/USD looks poised to extend the rebound from more than two-year lows today with near-term trendline support holding for now. Traders are awaiting the retail sales data for June, which are due in just under an hour’s time, are expected to show another month-on ...

Tech Talk for Thursday July 18th 2019

Pre-opening Comments for Thursday July 18th U.S. equity index futures were mixed this morning. S&P 500 futures were down unchanged in pre-opening trade. Index futures were virtually unchanged following release of economic news released at 8:30 AM EDT. Consensus for Weekly Jobless Claims was an inc ...

Aussie higher after jobs data

  Details better than headline On the headline, the June employment report for June didn’t look too impressive, with a mere net 500 jobs added in the month. However, drilling down into the details showed that 21,100 full-time jobs made up the total with a loss of 20,600 part-time ones. The rest ...