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UK Election Leads to Hung Parliament

09.06.2017 Oil N' Gold 0

The event in focus is undoubtedly the UK election that ends in hung parliament, as Conservatives were short of a majority. British pound dived to as low as 1.2683 against US dollar, erasing the gains made following PM Theresa May had announced the snap…

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Investors Hold Breath ahead of Important Events

07.06.2017 Oil N' Gold 0

Financial markets were slightly risk-off ahead of important events on Thursday: UK election, ECB meeting, and former FBI Director James Comey’s testimony. Meanwhile, geopolitical tensions in the Middle East also hurt risk appetite. Treasuries and gold …

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Busy Week Ahead, UK election, ECB, Chinese CPI…

05.06.2017 Oil N' Gold 0

Crude oil prices on Monday recovered after the selloff last week. We expect prices to remain volatile for the week ahead as we are awaiting UK’s general election, ECB meeting, as well as former FBI Director James Comey’s testimony on Capitol Hill. The …

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Treasury Yields, USD Fell on Rate Hike Prospect

31.05.2017 Oil N' Gold 0

Investors remained cautious ahead of the US employment report due Friday. Meanwhile, the mild improvement in price levels has raised doubt over the pace of Fed funds rate hike. US dollar softened against major currencies with the DXY index settling at …