Gold’s next big move hinges on the Fed, but what can we expect?

The key question for gold will be whether or not the Fed is going to be able to change investor sentiment towards the yellow metal As much as there might be a short-term reaction to the Fed today, gold’s big picture outlook still rests on how investor appetite continues to play out. Gold ETF holdings […]

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Southwest, JetBlue expect leisure bookings to help revenue

© Reuters. Southwest Airlines jets are parked at Baltimore Washington International Airport in Baltimore, Maryland (Reuters) – Southwest Airlines (NYSE:) Co and JetBlue Airways (NASDAQ:) Corp pointed to a steady rise in leisure bookings as signs of a slowing pandemic due to vaccine rollouts drove more people to go on vacations or visit their friends […]

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An EU official says expect a Brexit statement Thursday morning

Says a European Union statement on Brexit is expected on Thursday morning. “Going through the details now’ of UK trade deal No final agreement is yet confirmed  Separately, the UK is preparing for a Brexit related press conference on Thursday morning.  GBP is little changed on the session: Let’s block ads! (Why?) Forexlive RSS Breaking […]

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JP Morgan expect a ‘bumpy’ Q4 for the euro zone – stay short EUR/USD

I posted earlier on  Goldman Sachs’ EUR wariness: JPM is short EUR/USD in anticipation of a bumpy 4Q for the Euro area analysts looking at positive developments on vaccines and saying these reduce tail risks for 2021 this should prompt flows out of USD, but this is being limited by short USD positioning and UST yield […]

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We do not expect another summit on Brexit next month – senior EU official

Reuters reports, citing a senior EU official At this stage, another summit would not be justified I think the key phrase here is ‘at this stage’. If Brexit talks go beyond this week, they could easily call for a summit between EU leaders if there is a need to do so in the future. In […]

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BoJ Yield Curve Control and new Supply of Government Debt. What to Expect from the Yen?

After DXY support at 99 points were damaged on Tuesday due to powerful risk-on move, the currency continues to cede ground on Wednesday. Asian equities posted mixed performance; European stock indices apparently enjoy another day of gains. Gold tries to defend hard support at $ 1,700 per troy ounce, but hunt for yield seems to […]

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April ECB Minutes Show the Central Bank Doesn’t Know What to Expect

The minutes of April ECB meeting, released on May 22, revealed that the Central bank is eager to deliver more. “Minutes” are worthless they say, because it’s priced in… not the case this time. Two key things from the report: the ECB is ready to ease credit conditions more and the fact that PEPP remains […]

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Any Reason to Expect the Fed to Resume QE in March?

The increasing dysfunction of the US Treasury market, possibly caused by total “flight to cash”, forced the Fed to intervene with a rather strong countermeasure – announcing $ 1.5 trillion liquidity injection through 1-month and 3-month repos. The market has been already offered $ 1 trillion on Thursday and will be offered another $ 500 […]

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