OctaFX | OctaFX Forex Broker
Open trading account
Back

Gold: The yellow metal warms investors – TDS

The BOE was the latest central bank to provide an emergency 50bp interest rate cut, while Italy will spend some 25bn euros to combat the virus. As analysts at TD Securities note, investors are comfortable with gold positions.

Key quotes

“We note gold positioning is becoming stickier at higher and higher levels, while any dips are becoming shallower as investors keep running to gold's warm embrace.” 

“The continued downward pressure on interest rates and the USD, and the asymmetric nature of central bank reaction functions, continue to offer fundamental backing for the yellow metal.”

“CTAs have been well-positioned for the precious metal rallies, and we do not anticipate any major systematic flow on the day.”

 

USD/MXN: Bad time for Mexico – TDS

The volatility shock to positioning and the impact of the collapse in oil prices come at a very bad time for Mexico, with implications for the currenc
Read more Previous

US CPI: Headline and core inflation are set to slow – Wells Fargo

Data released on Wednesday, showed the Consumer Price Index rose 0.1% in February against expectations of a flat reading. Analysts at Wells Fargo poin
Read more Next
Start livechat