As many central banks are nearing the end of their tightening cycle the CHF is one of the few still actively tightening as the Swiss central bank fights to bring inflation down to a comfortable level.
The BOJ in contrast haven't tightened at all during this tightening cycle with the chairman reiterating that there won't be a monetary policy shift and they are...
Making a bullish case for Gold.
Yesterday's Retail sales numbers came out lower than expected with Retail Sales MoM falling to -1%, import and export prices fell to -0.6 and -0.3 respectively suggesting a cooling in inflation. CPI and PPI came out earlier in the week and also suggested cooling inflation but with yesterday's recent price action we broke through...
As expected, price broke through the 2000 resistance level and retested that range before finding fresh buyers to push price higher.
bullish momentum still seems to be in play as investors look ahead to the upcoming CPI report. A higher than expected reading could lead to the FED raising rates by another 25bp which would mean higher borrowing costs and a...
Given the recent bank turmoils and potential dampening of risk sentiment driven in part by the price plunge of both the Deutsche and UBS Bank I'd expect a push in the Gold market just because in times of uncertainty, investors tend to put money into less risky assets and with the Dollar, Swiss Franc, Eur currently going through bank issues, Gold and the JPY seems...
