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Oil N' Gold Focus Reports
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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Oil Prices Mixed, whilst Sterling Fell on BOE Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Fri Feb 03 17 02:24 ET
Oil prices fluctuated as traders were torn between output and geopolitical tensions. The front-month WTI crude oil prices initially rose to a 1-month high of 54.37 before ending the day at 53.54, down -0.63%. The Brent crude soared to as high as 57.45 before settling at 56.56, down 0.42%, for the day.
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Rate Hopes Lower Despite Strong US Data, FOMC Restated Monetary Policy Data Dependent Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Thu Feb 02 17 01:38 ET
The uneventful FOMC meeting diminished rate hike expectations, paring gains of US dollar and Treasury yields. FOMC voted unanimously to leave its policy rate within a target range of 0.50-0.75%. Policymakers reiterated that risks are "roughly balanced".
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USD Fell against Major Currencies ahead of FOMC Meeting Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Tue Jan 31 17 22:29 ET
Financial markets continued to unwind the reflation trades hinging on Trump's pro-growth policy. Besides concerns over the uncertainty amidst immigration ban and the new trade policy, investors have turned more cautious ahead of the FOMC meeting.
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Risk Assets Fell on Concerns that US Immigration Ban might affect Trade and Growth Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Tue Jan 31 17 01:30 ET
With most of Asian financial markets closed, the focus stayed in the US, or more specifically on Trump's immigration policy. Wall Street retreated further with DJIA and S&P 500 indices losing -0.61% and -0.6% respectively. Sectors such as energy, industrials, materials and financial, which had been boosted by Trump pro-growth platform, weighed on the market with losses of around 1-2%.
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Trump's Immigration Policy Weighs on Sentiment Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Mon Jan 30 17 01:33 ET
Most financial markets in Asia were closed on Monday for Lunar New Year holidays. For those continuing trading (such as Japan and Australia), shares were mildly softer, carrying forward the sentiment in the US last Friday.
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JPY Plunges as BOJ Adds Bond Buying Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Fri Jan 27 17 02:02 ET
Japanese yen slumped as BOJ announced to extend asset purchases. USDJPY rose to a 5-day high of 115.02, while Japanese bonds also climbed higher, at the time of writing report. Wall Street consolidated after DJIA breached 20 000 for the first time a day ago.
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Trump's Infrastructural Proposals Sent DJIA above 20000 Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Thu Jan 26 17 00:38 ET
DJIA settled above 20000 for the first time as the market expected US president Donald Trump would gradually implement the pro-growth policies he promised. Sentiment was also lifted by encouraging earnings reports. The S&P 500 index also soared to a record high of 2299.6 before settling at 2298.37, up +0.8%.
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Supreme Court's Brexit Ruling Buoyed Sentiment Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Wed Jan 25 17 00:16 ET
Market sentiment was buoyed by UK Supreme Court's ruling that the parliament must vote on triggering Brexit. GBPUSD was volatile but was able to end the day at around the highest level in a month. EURGBP extended weakness for a second day, falling to the lowest level in 2 weeks. Equities were modestly higher in general.
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Market Cautious as Trump Undoes Obama's Legacy Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Mon Jan 23 17 23:38 ET
Investors have turned more cautious as more of Donald Trump's policies are gradually reveals following his inauguration. Wall Street dropped modestly, with DJIA and S&P 500 indices losing -0.14% and -0.27% respectively. US dollar softened and Treasuries strengthened (yields lower).
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USD Slid as Rate Hike Hopes Diminished after Trump's Inauguration Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Sun Jan 22 17 23:02 ET
Financial markets generally steadied after Donald Trump has sworn in. US dollar slipped in response to the president's previous comment that it has been too strong. At the inauguration ceremony, Trump emphasized his America First stance. Yet, he stopped short of offering more details of his plans.
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