Author Archives: gtiqy

gold daily Gold is off to a strong start to the year, rising another $19 today to $2668. Gold has been able to make headway despite a broadly stronger US dollar and rising Treasury yields. That dynamic will be challenged again today with the US Treasury selling 30-year bonds at 1 pm ET. Chinese bids […]

Five years have passed since the world experienced firsthand — not just through textbooks — what a pandemic is and how profoundly it can impact everyone, even those who never contracted the virus. This includes restrictions on movement, worsening economic conditions, rising unemployment, and supply chain disruptions that later drove up prices and forced central […]

Prior -12.6% Market index 168.4 vs 174.9 prior Purchase index 127.7 vs 136.7 prior Refinance index 401.1 vs 395.1 prior 30-year mortgage rate 6.99% vs 6.97% prior After a big plunge in the week before, mortgage applications are falling further again to start the new year with purchase activity weighing this time. That is partially […]

Fundamental Overview The USD got a boost yesterday from another set of hot data as the US Job Openings surprised to the upside and the prices paid index in the ISM Services PMI jumped to the highest level since 2023. The market’s pricing didn’t change much but traders no longer fully price in the next […]

Fundamental Overview Gold remains confined in a range as the market continues to wait for the US NFP and CPI reports. Yesterday it seemed like we could get a break above the 2660 resistance but eventually the price got smacked back down following the hot US Job Openings and ISM Services PMI. The market’s pricing […]

In the European session we only have the Eurozone PPI data which isn’t a market moving release in general. The main events will be in the American session as we have Fed’s Waller speaking, the US ADP data release and later in the day the FOMC Meeting Minutes. 13:00 GMT/08:00 ET – Fed’s Waller (neutral […]

There is arguably just one to take note of on the day, as highlighted in bold. That being for EUR/GBP at the 0.8300 level. That is likely to keep price action in the pair more locked in around the figure level before the expiries roll off later in the day. For more information on how […]

The Czech National Bank, is the central bank and financial market supervisor in the Czech Republic. Governor Aleš Michl is reported as having considered Bitcoin as a potential diversification strategy for the country’s foreign exchange reserves, Via CNN Prima News interview: said he was considering acquiring “a few Bitcoin” for diversification, which wouldn’t count as […]

The monthly CPI data is not the critical piece of information, that is the quarterly data due on January 29. Still, though, there is encouragement from the November data, with the core rate having a chunk taken out of it: In addition to the CPI data were job vacancy data: +14K in the 3 months […]

New Zealand data – the ANZ World Commodity Price Index For December 2024 +0.2% m/m vs. +2.9% in November: NZD eased 1.6% in December, pushing up the NZD Trade Weighted Index by 3.6% m/m The y/y +15%. ** As part of the report is ANZ’s look at chipping costs: Global shipping prices were mixed in […]