Category: fx

Commodities, Fed, Forex, fx, Gold, Powell

Gold Intraday: Back in Consolidation Range as Fed Reaffirms Commitment

Yesterday, spot gold posted the largest daily gains since May 7 as Fed reaffirmed commitment to low interest rates and QE… Spot gold jumped 1.2% on day to $1,735 yesterday, the largest daily gains since May 7. The U.S. Federal Reserve officials’ median forecast showed that Fed Funds Rate is expected to remain at current level through […]

Equities, Forex, fx, Indices

Inditex’s upside momentum losing steam

The S&P 500 Futures are flat after Nasdaq 100 marked another record close yesterday. The S&P 500 Futures  are flat after Nasdaq 100 marked another record close yesterday. Later today, U.S. Consumer Price Index (flat in May expected) will be reported. The Federal Reserve is expected to keep its key interest rates unchanged. European indices are down. France’s INSEE […]

Forex, fx

US Futures still rising, watch GILD, LLY, BX, PCG

The S&P 500 Futures remain on the upside after they jumped on an unexpected surge in May jobs on Friday. The S&P 500 Futures  remain on the upside after they jumped on an unexpected surge in May jobs on Friday. European indices are consolidating. The Eurozone Sentix Investor Confidence Index for June was released at -24.8 (vs […]

Forex, fx

AUD/USD Challenges 0.7000 as Market Optimism Grows

It is not a surprise to find that AUD/USD has been boosted by those economic data and news stories over the weekend… Global market sentiment has been boosted by an unexpected improvement in the U.S. job market (a surprise surge of 2.509 million nonfarm payrolls in May). Over the weekend, China reported that May exports fell 3.3% on year, […]