The US dollar is demonstrating some resilience despite recent setbacks, perhaps with the market focusing on the upcoming Q1 GDP data which analysts have downgraded to expect a contraction against a consensus forecast of 0.2%. Meanwhile, the dollar looks set to put in its weakest monthly performance since November of 2022 despite what had been some reports of...
Gold prices have stabilized today after experiencing an earlier decline that represents the fourth dip down to the $3260 level over the past few sessions. The repeated defense of this support level could indicate strong buyer interest at these prices.
Recent reports suggest an easing of trade tensions which might be weakening demand for gold. But have tensions...
Amid growing uncertainty surrounding U.S. equities and the US dollar, investors could be returning to a traditional defensive strategy: going long on the Japanese yen.
While some analysts believe the recent yen rally is not yet overstretched, the International Monetary Fund (IMF) has noted that Japan’s central bank is likely to push back the timing of further...
Trading conditions are getting back to fuller form following the Easter break. After taking another big beating in the holiday-thin trade, we're finally seeing some profit-taking on US dollar shorts from shorter-term accounts. We haven’t seen the euro above 1.15 or dollar-yen below 140 for some time, which could be adding to the excuse for some mild profit-taking....
J.P. Morgan now forecasts gold to average $3,675 per ounce by year-end and joins Goldman Sachs in projecting a move beyond $4,000 next year.
Spot gold has gained 29% year-to-date, setting 28 record highs and briefly surpassing $3,500 for the first time yesterday.
According to the bank, the main downside risk remains a sudden decline in central bank demand. Key...
Gold has broken above $3,400 for the first time, setting a new all-time high as investor confidence in the United States continues to decline.
Citi forecasts gold could reach $3,500 within the next three months. However, this projection might be underestimating Trump’s potential to further undermine confidence in the US.
On Monday, President Trump intensified...
Federal Reserve Chair Jerome Powell has warned that President Donald Trump’s tariff policy is likely to fuel higher inflation and slow economic growth.
Speaking at the Economic Club of Chicago on Wednesday, Powell said, “Markets are struggling with a lot of uncertainty, and that means volatility.” His comments were quickly reflected in the markets, with the Dow...
This analysis is provided by Eden Bradfeld at BlackBull Research and Elevation Capital Research.
Starting the day thinking about LVMH .
Soft set of numbers from the luxury house — noting Champagne sales sat largely flat (-1%) while Cognac was down 17% (the booze industry’s constant problem child as of late, or perhaps more accurately described as its...
Financial markets continue to navigate a complex landscape shaped by evolving U.S. trade policies and global economic dynamics. U.S. dollar weakness is at the centre of attention as investors reconsider the greenback’s safe haven status in a world of trade wars.
There has been some relief on the tariff front—at least for now—allowing U.S. and global equities to...
Markets are narrowly leaning toward no rate cut from the Bank of Canada this Wednesday. Markets were pricing a 58% chance of a pause as of Friday last week. With traders nearly evenly split, short-term volatility in USD/CAD is possible.
While the Bank had previously signaled it would "proceed carefully" on future rate cuts, that guidance came before the...
We're definitely seeing a massive uptick in risk appetite in recent sessions as investors celebrate a reprieve from tariff intensification. At the same time, the broader trade war narrative has not gone away. And though we are getting a boost in risk assets, we're also seeing the US dollar suffer across the board.
Indeed, there is an expectation the Fed will need...
Goldman Sachs and UBS have issued another round of bullish forecasts for gold, citing ongoing market uncertainty (i.e., tariffs).
Goldman analysts now expect gold to reach $3,700 per ounce by the end of 2025, with a potential rise to $4,000 by mid-2026. UBS holds a slightly more conservative view, projecting $3,500 by December 2025.
Technically, gold has...
Markets will be closely watching the European Central Bank’s (ECB) interest rate decision on April 17, with expectations for a seventh consecutive rate cut.
Despite this expectation, the euro surged to a three-year high against the US dollar last week, as traders continued to pull away from US assets.
The dollar index has dropped 4% since President Trump’s...
Despite pressure stemming from President Donald Trump’s recent tariffs, analysts at Bernstein note Bitcoin’s relative resilience, particularly on shorter-term time frames where a double bottom pattern suggests underlying bullish interest. Bitcoin’s ‘safe haven’ appeal may be resonating with investors more than previously.
However, the longer-term chart reveals...
President Trump announced a 90-day pause on reciprocal tariffs for countries that have not retaliated, sparking a sharp rally in U.S. markets. The Nasdaq 100 led gains with a 12.2% surge. The U.S. dollar also strengthened against safe-haven currencies such as the Japanese yen and Swiss franc.
Crude oil prices rebounded alongside equities, with oil futures rising...
This analysis is provided by Eden Bradfeld at BlackBull Research.
Listen, the US has survived the depression of WWI, the Great Depression, the depression of WWII, oil shocks, the dot com bubble, the GFC, the COVID-sell off. It’ll likely survive this.
In the scope of history, that $1 survived very well indeed. Panicking and running for the hills does not do so...
Apple alone has shed nearly $640 billion in market capitalisation over just three days. The S&P 500 has fallen more than 10% during the same stretch—its worst performance since the onset of the COVID-19 pandemic. In Asia, the selloff is even more severe, with Japan's Nikkei 225 down nearly 8%, South Korea’s Kospi 200 off almost 6%, and Taiwan equities falling...
Risk aversion intensified on Friday, sending the Australian dollar down 4.56% and the New Zealand dollar 3.53% lower.
The declines followed a move by US President Donald Trump to impose a 10% tariff on imports from both Australia and New Zealand. Australian Prime Minister Anthony Albanese confirmed there would be no retaliation, noting the US represents less...
