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Tag Archives | Metals

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Market Opinions – June 5, 2017

Global equity markets were mostly lower overnight with the exceptions the RTS, MICEX and Hang Seng which carved out minimal gains. The markets were initially presented with a positive Chinese PMI reading which rose to 54.5 in May compared to 54.0 in April. The European session presented Markit services and composite PMI readings from around […]

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Market Opinions – May 30, 2017

Global equity markets overnight were mixed even within geographical areas. Overnight the market was presented with Eurozone Consumer Confidence readings that weren’t as bad as feared while May Eurozone Industrial Confidence improved. The markets also saw French April Consumer Spending come in weaker than expected but that was offset by news that French Consumer confidence […]

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Daily Overview – May 26, 2017

Global markets benefited from lower risk concerns as they maintained a positive tone during Thursday’s trading. The main event of the day was the decision by major oil producing nations to extend their current output quotas for 9 more months at present levels, which led to a severe pullback in energy prices. Better than expected […]

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Market Overview – May 24, 2017

Global equity markets were once again mixed even within geographical areas! The European session was highlighted by a June reading on the Gfk survey of German consumer climate which managed an uptick of +0.2 compared with May’s 10.2 reading. The North American session will start out with the FHFA house price index, followed by April […]

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Market Overview – May 23, 2017

Global equity markets were mixed with European markets forging gains and Asian stocks generally weak. The European session started out with Markit “flash” manufacturing PMI numbers from around Europe, with German Ifo readings hitting a record high in May and the Euro zone manufacturing jobs reportedly adding jobs at the fastest pace in 20 years. […]

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Market Overview – May 22, 2017

Global equity markets were mixed overnight with gainers and losers distributed evenly around the globe. The Asian session featured an April reading on the Japanese trade figures which notched a 5th straight month of export increases. The European session will be fairly quiet data-wise, while the North American session will be highlighted by a May […]

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Fresh Fundamentals Help Support but not Drive Gold Upward

OUTSIDE MARKET DEVELOPMENTS: Global equity markets were mixed with more markets trading higher than lower. The Asian session was highlighted by the April Eco Watchers survey which saw an “as expected” uptick from March’s 47.4 reading. The European session started out with April Swiss CPI which was forecast to see a minimal downtick from March’s […]

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The Gold Bulls Have an Edge But Momentum is Set to Wane

OUTSIDE MARKET DEVELOPMENTS: Global equity markets were mixed overnight. The Asian session was relatively quiet, while the European session saw ongoing reaction to ECB comments yesterday regarding the prospect of raising rates. The North American session will start out with a January reading on Canadian manufacturing sales, followed by February industrial production which is forecast […]

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