Germany's Producer Price Inflation At 5-Month High

Germany’s producer prices increased at the fastest pace in five months in September, data from Destatis showed Friday. Producer price inflation rose more-than-expected to 3.1 percent in September from 2.6 percent in August. This was the fastest increase since April, when prices advanced 3.4 percent. Economists had forecast a 2.9 percent rise for September. Prices Read more about Germany's Producer Price Inflation At 5-Month High[…]






Dollar Mixed Despite Some Positive Economic News

The dollar is turning in a mixed performance Thursday afternoon. The buck is rising against the British pound after a drop in UK retail sales, but is losing ground against both the Euro and the Japanese Yen. U.S. economic data was largely positive this morning. Weekly jobless claims fell by more than expected and the Read more about Dollar Mixed Despite Some Positive Economic News[…]






Gold Futures Rebound Amid Catalan Question

Gold futures were higher Thursday amid mixed U.S. economic data and political turmoil in Spain. Catalonia, which now enjoys autonomous status, may have its priveleges revoked by Madrid if it keeps moving toward independece. This would likely trigger a formal declaration of independence. Dec. gold climbed $7, or 0.6%, to settle at $1,290/oz, breaking a Read more about Gold Futures Rebound Amid Catalan Question[…]






Treasury Announces Details Of Upcoming Long-Term Securities Auctions

The Treasury Department announced the details of next week’s auctions of two-year, five-year, and seven-year notes on Thursday. The Treasury said it plans to sell $26 billion worth of two-year notes next Tuesday, $34 billion worth of five-year notes next Wednesday and $28 billion worth of seven-year notes next Thursday. The material has been provided Read more about Treasury Announces Details Of Upcoming Long-Term Securities Auctions[…]






Daily analysis of Gold for October 19, 2017

Overview Gold price begins today’s trading with a bearish bias, moving below 1,281.17 level after closing the daily candlestick below it. This puts the price under more expected negative pressure on the intraday basis, targeting 1,263.15 before attempting to return to rise again. Therefore, we expect more decline in the upcoming sessions supported by the Read more about Daily analysis of Gold for October 19, 2017[…]






ECB's Nowotny Says Policy Can Be Normalized Before Inflation Returns To Target

The European Central Bank do not have to wait until inflation reaches the target of ‘below, but close to 2 percent’ to normalize policy and now there are good arguments for slowing asset purchases, ECB Governing Council member Ewald Nowotny said in an interview published in an Austrian daily on Thursday. “We do not have Read more about ECB's Nowotny Says Policy Can Be Normalized Before Inflation Returns To Target[…]






Euro Climbs Despite Catalonia Crisis

The euro strengthened against its major rivals in the European session on Thursday, despite political uncertainty in Spain after the Spanish government threatened to take control over Catalonia, as the region’s leader Carles Puigdemont refused to abandon a push for independence. Spanish government is set to convene a special Cabinet meeting on Saturday to trigger Read more about Euro Climbs Despite Catalonia Crisis[…]






Japan All Industry Activity Recovers In August

Japan’s all industry activity recovered in August, data from the Ministry of Economy, Trade and Industry showed Thursday. The all industry activity index edged up 0.1 percent month-on-month in August, offsetting a 0.1 percent fall in July. However, the pace of growth was weaker than the expected 0.2 percent. A 2.3 percent decrease in construction Read more about Japan All Industry Activity Recovers In August[…]