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Gold Analysis
Spot gold prices are trading in positive territory Thursday, with prices holding steady so far during Asian traded hours. Spot gold opened around unchanged levels with prices so far holding at lows of $1615.35 with a pick up to highs of $1623.90 observed amid a modestly improved showing from the euro across FX markets.
Bonds Analysis
German government bonds are opening mixed Wednesday, with the short-dated Schatz outperforming ahead of the European Central Bank governing council meeting later this session. The ECB meeting – held one day earlier given Corpus Christi holiday on Thursday, with speculation that the ECB will take additional non-standard easing measures.
Bonds Analysis
German government bonds are trading little changed Friday following earlier gains led by the short-end, where the 2-year Schatz sank deeper into negative yield at -0.0063%. In addition, the yield on the German 5-year Bobl hit fresh record low at 0.332% and the 30-year Bund yield fell to record low at 1.7329%.
Bonds Analysis
German government bonds traded lower into the NY session Thursday on profit-taking following recent strong FTQ gains. However, prices are off their worst levels after comments from EU Commission saying direct bank recapitalisations are not possible by the ESM.
Gold Analysis
Spot gold prices are consolidating around unchanged levels Thursday with prices a little reluctant to push on from yesterday’s strong advance observed during the U.S. session. Prices held at the Asian low of $1558.75 and began to turn higher on the European cash equity opening as stocks extended modestly from their opening gains and the […]
Gold Analysis
Spot gold prices are little changed Thursday after prices once again tested support around the $1530 level during the previous session. Strong flows into the USD continue to hamper the precious metal, with investors still expressing haven preference towards U.S. Treasuries and German Bonds.
Crude Oil Analysis
July Nymex WTI prices are trading in negative territory Thursday, extending their losses from yesterday’s sharp declines. Risk aversion has now sent oil prices to 7 month lows, with WTI falling 3.2% yesterday to close a huge $2.94 lower at $87.82 a barrel.
Bonds Analysis
German government bonds are sharply higher into the NY session Weds and extending recent FTQ gains, with benchmark 2Y Schatz yield hitting record low at 0.0074% and 10Y Bund yield 1.308%, amid increased jitters surrounding Spain and Italy.
Gold Analysis
Spot gold prices remain in negative territory Wednesday extending their losses from the sharp move lower posted in the previous session. Prices have been in a narrow range so far after hovering between $1550/53 early on during Asian traded hours.
Gold Analysis
Spot gold prices are trading lower Wednesday, extending their losses from the previous session. Prices continue to move in tandem with a weaker euro and the precious metal continues to be shunned by investors as a choice of haven, with U.S. Treasuries and German bonds continuing to attract the safe haven cash flows.
Crude Oil Analysis
July Nymex WTI crude prices are trading in negative territory Wednesday, extending their losses from the previous session, pressured by risk aversion. Prices had rallied to levels of around $92.17 a barrel Tuesday amid increasing optimism that Greece could remain in the eurozone.
Bonds Analysis
German government bonds are higher Tuesday having reversed opening weakness, with the benchmark 10-year Bund yield hitting fresh record low at 1.344% June Bund futures opened lower on profit-taking, but reversed direction as stocks pare gains with some traders citing comments from Bank of Spain saying economy is to continue shrinking in Q2.