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Gold recovers as the dollar eases!
Investors are waiting for US inflation data early next week.The gold downtrend reversed on Wednesday and then, after Thursday's correction, continued its way on Friday towards $1,730. This gold price action directly reacted to the US dollar and Bond...
USD increased as Powell vowed to control the inflation
Wall Street raise after an initial adverse reaction!While, like every Thursday, we had initial Jobless claims, which fell to a new low at 222K to confirm the strength of the US economy and labor market, FED chair Powell vowed to increase the tighteni...
ECB preview. Central banks race for tighter policies
The war goes on, and the Europeans are getting more and more tired every dayEven historically, August was the worse month for Euro, especially over the last fifteen years; this year, with the Ukraine war effects and weaker economic data from across E...
BoC, the most Hawkish Central Bank!
Interest Rates are at a 14-year high; Loonie does not pay attention!After Tuesday's RBA meeting and Thursday's European Central Bank meeting, BoC raised the rates by 75 basis points to lift the Canadian Central bank's interest rates to a 14-year high...
The US and China Economic data and Energy Market
Chinese trade data confirms the overall weakness of the global economy. Yesterday and Wednesday, we had PMI data from most developed economies. However, the US and Chinese data caused almost a free fall in Gas and Oil prices. Starting from...
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