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The flash reading is here: From the report. China problems, supply chain issues, high costs – none of this is surprising. The result is still a decent performance though: “Japanese manufacturers noted a softer improvement in the health of the sector for the second successive month in May. While pointing to a solid improvement overall,

Euro is trading broadly lower today even though inflation high another record high. The common currency and European indexes are somewhat weighed down by EU’s decision to ban two-thirds of Russian oil imports immediately. Dollar is rebounding following some risk aversion, together with Swiss Franc. But Canadian Dollar remains firm as supported by surging oil

Gold prices were trading mildly lower on Tuesday following strong bond yields and strength in the US dollar, which dented the bullion’s appeal. The yellow metal is headed for a straight second monthly loss. Higher US 10-year treasury yields lower the appeal of zero-yield gold, while a stronger dollar makes greenback-priced bullion more expensive for

Prior quarter was +6.7% (revised to +6.6%) March GDP +0.7% m/m Feb GDP +1.1% (revised to +0.9% m/m) April flash GDP estimate +0.2% m/m Q1 real GDP +0.8% vs +1.6% q/q Q1 GDP price index +2.9% q/q vs +1.9% prior The Bank of Canada estimate was 3.0% and their decision is tomorrow. This is a

Canadian Dollar is trading as the strongest one so far for the week. Rising oil price is giving extra support to the Loonie, on the back of improving overall risk sentiment. Aussie and Euro are firm behind too. Yen remains the worst performing one, followed by Swiss Franc and Dollar, while Sterling is mixed. US

May 31: Gold prices dropped on Tuesday, as a higher dollar and rising U.S. Treasury yields weighed on demand for greenback-priced bullion, which is set for a second straight monthly loss for the first time since March 2021. FUNDAMENTALS * Spot gold was down 0.5% at $1,847.50 per ounce, as of 0057 GMT. U.S. gold

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Markets are generally in risk-on mode in Asian session today, with rallies in major indexes, oil prices and cryptos. Dollar is extending recent correction and would likely continue further. Yen and Swiss Franc are the next weakest. On the other hand, Australian Dollar is leading New Zealand and Canadian Dollar higher. Euro and Sterling are

Gold prices were trading mildly higher on Monday as the weakening US dollar buoyed greenback-priced bullion, although gains were capped by some investors turning to riskier assets in Asia. Federal government offices, stock and bond markets, and the Federal Reserve will be closed on Monday for the Memorial Day holiday in the United States. Gold

Headlines: Markets: EUR leads, CHF lags on the day European equities higher; S&P 500 futures up 0.8% Gold up 0.1% to $1,855.53 WTI crude up 0.7% to $113.03 Bitcoin up 6.6% to $30,647 It was a quiet session for the most part as markets carried over the trading themes from last week. With it being

Commodity currencies are trading broadly higher today, with help from risk-on sentiment, with Aussie and Loonie competing for the first place. Selloff are mainly centered Yen and Swiss Franc, and to a lesser extent Dollar. Euro and Sterling are mixed for the moment. The moves could intensify further on relatively lower liquidity with US on

Oil prices rose to two-month highs on Monday as traders waited to see if the European Union would reach an agreement on banning Russian oil ahead of a meeting on a sixth package of sanctions against Moscow for its invasion of Ukraine. Brent crude futures gained 46 cents, or 0.4%, to $119.89 a barrel at

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Gold traded in a narrow range this week as market players assessed if the recent rise in price is likely to continue or not. Gold tested a 2-week high of near $1870/oz level but ended the week with a marginal 0.5% gain near $1850/oz. Gold benefitted from weakness in the US dollar, lower bond yields,

The weekly Baker Hughes rig count shows: Oil rigs -2 to 574 Gas rigs +1 to 151 Total rigs, -1 to 727 The price of  crude oil  is currently up $0.32 at at $114.41 The high for the day reached $115.19. The low for the day extended to $112.85. The high got close to the

Oil prices eased slightly in early Asian trade on Friday, after surging to a two-month high in the previous session as investors focused on signs of tight global supply. Meanwhile, a top Hungarian aide said the country needs 3-1/2 to 4 years to shift away from Russian crude and make huge investments to adjust its

Next week the week will start s him himlowly as the US will be on holiday in observance of Memorial Day. Generally speaking, market activity is lighter on major US holidays although it does not necessarily need to be the case. Key releases and events include: Monday, May 30 US holiday in observance of Memorial

Gold was little changed on Friday, but the metal was on track for a second weekly gain following a retreat in the U.S. dollar from 20-year highs. FUNDAMENTALS * Spot gold held its ground at $1,848.59 per ounce, as of 0102 GMT. U.S. gold futures were little changed at $1,846.70. For the week so far,