Both USDJPY and Gold saw a knee-jerk rally Thursday in response to the announce partnership between Russia and North Korea involving technology transfers to the latter. Over the weekend Vladimir Putin threatened to arm North Korea and allow the latter to re-export such arms to none state actors. This development has put Japanese vulnerability in…
Geopolitics has once again reared its head in global markets benefiting Gold the most among the different asset classes. In the middle-east Hezbollah is warning of a wider regional conflict warning Cyprus that it could be a target if it provides any assistance to Israel as the Lebanon based terror group and the IDF continue…
News coming out of the crypto-sphere has been interesting sparking the early push up in Bitcoin prices as MicroStrategy, the world’s biggest holder of crypto currencies acquired another 11.9K of BTC. This pushes the business intelligence and software company further up in its lead of the largest bitcoin holder at 226,331 more than the entire…
Oil prices has seen a quick ascent from its lows at the start of the month as people begin to price in increased demand with the upcoming US driving season. Note too that production levels until 2025 has largely been broadcast by the OPEC as such focus now will be on actual use of the…
Euro saw an indecisive trading Tuesday with a tight whipsaw in EURUSD waiting for fresh catalyst. With the US market out on a holiday and little to move thighs from the Eurozone we expect to see the indecision to continue though we are keeping a bearish overall bias given the widening rate differential. Calendar wise…
Today’s CPI release from the UK is seeing more interest than usual as the consensus forecast calls for the figure to fall back into the target of 2.0%. Should we get things as expected then it would suggest that expectations of a rate cut in August will push through. Fail to push to zero and…
The Bank of England is largely expected to keep rates steady in its MPC meeting Thursday with expectations largely calling for a rate cut only in August. Current expectations aside however the latest CPI figures will likely provide guidance for the market, consensus forecast calls for a return to the target rate of 2.0%, failure…
At this point markets more or less know where OPEC stands with regard to production and the question for us is the demand side. With the US driving season already here we should expect demand to pick up at the very least proving a good floor for prices. Throw in speculations over the impact of…
With central banks recognizing the easing of inflation pressures across the globe we question just how much upside there is for Gold. Consider that the push for historical highs was driven by Central Banks buying the yellow metal and investors hedging for inflation. Who else is there to buy particularly if the whales are already…
Latest talk among Bitcoin ETFs continue to focus on outflows with the past week seeing only one Wednesday with a net inflow of a mere $100 million as against the consistent withdrawals of late. We are forced to ask has walls streets clientele wizened up about holding the bag when the music stops. While crypto…
