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Gold prices resume upside on robust demand
Gold prices resume upside on robust demand
2024-05-16
Gold prices stabilized as US producer prices soared in April, while the US dollar and Treasury yields retreated.
Global investors avoid Japan as the yen tumbles.
Global investors avoid Japan as the yen tumbles.
2024-05-15
Asian shares hovered around 15-month highs on Tuesday. Japan's Nikkei was flat as the10-year JGB yield edged closer to 1%.
Weak oil prices weigh on loonie rally
Weak oil prices weigh on loonie rally
2024-05-14
The Canadian dollar slipped Monday after a modest weekly gain. Strong Canadian job data and weak US numbers boosted the loonie.
The FTSE China A50 Index continues to rise despite skepticism
The FTSE China A50 Index continues to rise despite skepticism
2024-05-13
FTSE China A50 Index was flat Friday, aiming for a fourth straight weekly gain. It hit a high since mid-September this week, after underperforming last year.
Swedish krona remains besieged on dovish rate-setters
Swedish krona remains besieged on dovish rate-setters
2024-05-13
The Swedish Krona fell for the third straight day after Riksbank cut its key interest rate. More cuts may follow if price pressures stay mild.
​Macro shift puts commodity currencies back on track
​Macro shift puts commodity currencies back on track
2024-05-13
The rapid post-epidemic recovery spurred a brief commodities bull market. High inflation expected for years will benefit the commodity market.
Sterling falls as traders ramp up cut bets
Sterling falls as traders ramp up cut bets
2024-05-08
Sterling declined Wednesday as the BOE is likely to keep rates steady and signal confidence in inflation trends at Thursday's meeting.
​Australian dollar on edge ahead of RBA call
​Australian dollar on edge ahead of RBA call
2024-05-08
The Australian dollar was nearing its peak on Tuesday. Inflation slowed to 3.6% in April but is unlikely to fall to the 2-3% target until 2025.
UK stocks finally come back into fashion
UK stocks finally come back into fashion
2024-05-07
Global stocks cheered softer-than-expected US jobs data. Britain's FTSE 100 hit a record high on Friday and marked its second straight week of gains.
Gold Prices Hold Steady Due to Fed Caution
Gold Prices Hold Steady Due to Fed Caution
2024-05-06
Gold prices stayed near $2,300 on Friday as Fed Chair Powell said a rate hike is unlikely. This dampened demand for the safe-haven asset.
NFP - The hourly wage growth meets expectations
NFP - The hourly wage growth meets expectations
2024-05-03
Nonfarm payrolls rose by 303,000 in March, surpassing expectations of 200,000 and February's revised 270,000 gain, per the BLS.
Oil prices extend gains on more Red Sea attacks
Oil prices extend gains on more Red Sea attacks
2024-05-02
Iran-backed Houthi disruption fuels Tuesday's oil price surge, defying US warnings and impacting the Red Sea energy trade.
Oil prices pick up as US SPR is to be refilled
Oil prices pick up as US SPR is to be refilled
2024-05-02
Oil prices rose Thursday as the US may buy for SPR. Prices had fallen on hopes for an Israel-Gaza ceasefire and high oil inventories.
FTSE 100 sets fresh high on commodities rally
FTSE 100 sets fresh high on commodities rally
2024-05-02
Asian stocks rose with Wall Street on Tuesday, while the FTSE 100 extended its rally for a fifth session on Monday, lifted by positive corporate news.
​Hong Kong stocks slip into a bear market
​Hong Kong stocks slip into a bear market
2024-05-02
Hong Kong stocks plunged, entering bear territory after the largest weekly loss in 5 months, attributed to China's property market turmoil.