Oil N' Gold - Resources for Serious Traders
Oil N' Gold Focus Reports
Upbeat US CPI and Retail Sales Lift Hopes of March Rate Hike Further Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Thu Feb 16 17 00:42 ET
Speculations of a March rate hike heightened on Yellen's hawkish comments and upbeat inflation and retail sales data. The OIS now prices in a 48% of rate hike next month, up from 37% a few days ago, while Bloomberg's estimate now suggests a 42% chance, up from 30% yesterday.
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Hopes of March Rate Hike Lifted as Yellen Sounded Hawkish Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Wed Feb 15 17 01:17 ET
Expectations for Fed funds rate hike in March climbed higher in the aftermath of Chair Janet Yellen's testimony. Reactions in the financial markets were further strength in Treasury yields and US dollar. Treasury prices fell, sending yields higher. 2-year yields climbed +2 bps higher to 1.23% and while 10-year yields gained +3 bps to 2.47%.
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USD Extends Gains ahead of Yellen's Testimony Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Tue Feb 14 17 01:39 ET
>USD strength remains the dominant theme ahead of Fed chair Janet Yellen's semiannual testimony before the Congress. Indeed, the narrow DXY index has gained +1.5% from its January 31 low while and the broader trade-weighted USD index has been gaining modestly.
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European Yields Soared on Heightened Political Risks Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Mon Feb 13 17 00:38 ET
US dollar remains firm on Monday, as the reflation trade following Trump's victory resumes amidst expectations of the president's "phenomenal" tax cut plan. Meanwhile, yields were higher in both the US and Europe, but for different reasons.
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Weekly Fundamentals - Gold's Rally Lost Steam, Silver has Romm for More Upside Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Sun Feb 12 17 06:01 ET
Gold prices pared gains late last week, following strength earlier in the week that was driven by heightened political risks surrounding US President Donald Trump and in Europe. The yellow metal rose to highest level in 3 months in the midweek on soaring safe haven demand.
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Sentiment in Sky-high as Investors Await Trump's Phenomenal Tax Cut Plan Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Fri Feb 10 17 01:33 ET
Equities rallied while Treasuries fell as investors await Donald Trump's new tax plan, which he indicated would be announced in coming weeks. Wall Street soared with DJIA making new record high of 20 206.36, before ending the day at 20172.4, up +0.59%, whilst S&P 500 rising to a record high of 2311.08 before settling at 2307.08, up +0.58%.
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European Yields Declined as Political Uncertainty Intensified Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Thu Feb 09 17 01:57 ET
The bond markets, especially the one in Europe, had a volatile day. Investors reacted to the news that ECB president Mario Draghi indicated that the monetary and stimulus policies would remain accommodative until October 2019. Political uncertainty also raised safe haven demand with German and French election under the spotlight.
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Oil Prices Extend Decline for Third Day as US Inventory Jumped the Second-Largest on Record Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Tue Feb 07 17 23:23 ET
Crude oil remained under pressure in Asia Tuesday, after falling over the past 2 days, as US crude inventory recorded the second largest increase in history while Reuters' estimate suggests that oil demand in China grew at the slowest pace in three years in 2016.
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Risk Appetite Diminished as Trump-Inspired Reflation Trades Lose Steam Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Mon Feb 06 17 23:43 ET
Market sentiment weakened, sending equities lower and lifting demand for safe haven assets. Wall Street continued to face profit-taking as reflation trade lost steam. The DJIA and S&P 500 indices slipped -0.09% and -0.21% respectively on Monday.
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Trump's New Iranian Sanctions Lifted Oil Prices Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Mon Feb 06 17 01:13 ET
Crude oil prices strengthened as US announced new sanctions against Iran last Friday. After Iran's missile test, the US Treasury Department listed 13 people and 12 entities that would face sanctions. In retaliation, Iran rapidly imposed its own set of sanctions against US.
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Weekly Fundamentals - Strategic Investment the Key Source of Gold's Demand in 2016 Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Sun Feb 05 17 04:04 ET
2016 was a lucrative year for gold traders. For the first time in 4 years, the yellow metal recorded gains with the benchmark Comex contract soaring +8.5%. On the fundamentals, the World Gold Council in its latest report reveals that...
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