Switzerland’s gold exports rise 30% as investors
Switzerland’s gold exports rise 30% as investors seek safe haven amid global uncertainty Swiss #gold exports rose 30% month-on-month in March, with shipments to Britain jumping to their highest level…
USDCAD falls to new session lows after a ceiling near 1.3860 stalled the rise
The USDCAD moved lower in the wake of broad USD selling following the “cease-fire” headlines, with the initial push taking price below an upward sloping trendline. That break had the…
Italy Moves to Declare Gold Reserves State Property
Italian lawmakers are pushing ahead with a controversial claim that the central bank’s $300 billion in gold reserves should be declared state property, despite fears it could violate European Union…
Gold trades range-bound after bounce from weekly low as US-Iran uncertainty persists
Gold (XAU/USD) trims earlier gains on Wednesday as traders remain cautious amid ongoing uncertainty around the US-Iran conflict, despite US President Donald Trump extending the ceasefire with Iran just hours…
USDCHF finds sellers on the corrective move higher and re-eyes the 100 day MA below
The USDCHF fell sharply yesterday on the back of broad USD selling, and in the process broke below a cluster of key technical levels, including:200-day moving average at 0.7943 Swing…
US EIA weekly crude oil inventories +1925K vs -1200K expected
Prior was -913KGasoline -4570K vs -1494K expectedDistillates -3427K vs -2458K expectedAPI data from late yesterday:Crude -4400KGasoline -5165KDistillates -4590KFor background, the Weekly Petroleum Status Report (WPSR), published by the U.S. Energy…
Ray Dalio: Gold is the Safest Money
It seems to me indisputably true that gold is a money and it is the money that is least at risk of being devalued and/or confiscated. Here’s why I believe…
WTI crude breaks the 38.2% retracement of the ceasefire decline
May WTI crude oil is now up $7.66 to $102.08 on the day.The market is increasingly worried that crude supplies will grow tighter as the Strait remains essentially closed during…
Dollar Forecasting Tougher Times Ahead – EUR/USD, AUD/USD & Dollar Index (DXY) Overview
The US Dollar has corrected quite severely since the announcement of the two-week ceasefire, and not without good cause. The infamous Petrodollar trade has gripped financial markets on all sides…
Gold Stabilizes, Market Prepares For Next Decisive Move
Key Highlights Gold started a fresh increase above the $4,700 zone. A key contracting triangle is forming with resistance at $4,900 on the 4-hour chart. WTI Crude Oil tested $83.00…
