Gold prices fell more than 1% on Monday as concerns eased that major economies could tip into recession, boosting investors’ affinity for risk and detracted from bullion’s safe-haven allure. Spot gold was down 1% at $1,498.35 per ounce, while U.S. gold futures fell 0.97% to $1,508.7. “There has been some pullback in terms of the
0 Comments
In a recently published statement, the Irish government said that British Prime Minister Boris Johnson and Irish Prime Minister Leo Varadkar spoke on the phone for almost an hour Monday, during which Varadkar reiterated that the EU’s position was that the Withdrawal Agreement could not be reopened. “PM Johnson indicated Brexit deal in current form will
0 Comments
Former SEC Chairman Harvey Pitt on Monday questioned the motivation of Harry Markopolos, the Bernie Madoff whistleblower who unveiled a long list of allegations against General Electric last week in an investigation for a short seller. “One of the ways you can test Markopolos’ bonafides, however, is the fact that the SEC has a whistleblower
0 Comments
EUR/CHF is the big mover The euro is the top performer today on fiscal stimulus talk. Even with that, it’s only narrowly ahead of the US dollar, Aussie and yen. The general theme in the FX market today is … nothingness. There are some decent moves in stocks, bonds and even in gold but the
0 Comments
USD Higher on Monday USD has been a little higher this morning, although moves have been limited. The market is expecting a quiet session this week as mid-summer trading lulls kick in. On the data front, there’s little to note, aside from Fed chairman Powell due to speak at the Jackson Hole Symposium on Friday. USD
0 Comments
Fears over the impact of a “no-deal” Brexit have risen again following the leaked “Yellowhammer” document which details government concerns around the potential fallout of a no-deal Brexit. Here are the top ten takeaways from the report. Leaving Date The report details that the current October 31st (Halloween) leaving date is “not to our advantage”.
0 Comments