Gold gains as infection fears dent investor confidence

Jun 19, 2020 07:54 am UTC| Commentary

Gold prices surged, supported by concerns over the second wave of coronavirus infections, although a stronger U.S. dollar limited gains. Moreover, simmering geopolitical tensions between North Korea and South Korea, and...

BoE extends asset purchase program by further GDP 100 billion

Jun 18, 2020 15:24 pm UTC| Commentary Central Banks

The Bank of Englands Monetary Policy Committee agreed to extend its asset purchase program by a further GBP 100 billion, beyond the GBP 200 billion of purchases sanctioned back in March. The outcome was not unexpected...

Bank Indonesia cuts key policy rate by 25 bps to 4.25 pct, likely to cut again in Q3

Jun 18, 2020 13:52 pm UTC| Commentary Central Banks

As expected, Bank Indonesia lowered its key policy rate by 25 basis points to 4.25 percent against a backdrop of a recovering IDR and soft economic outlook. The rate cut made today marked the resumption of the central...

Norges Bank maintains key interest rate at zero, new rate path suggests first hike in Q4 2022

Jun 18, 2020 12:43 pm UTC| Commentary Central Banks

Norges Bank kept its key interest rate unchanged at zero during its meeting today. The central bank considerably revised up both their view of the economy and the rate path. The new path indicates a first hike in the...

Gold consolidates within narrow ranges as investors await BoE policy meeting outcome

Jun 18, 2020 07:56 am UTC| Commentary

Gold prices consolidated within narrow ranges as worries over new coronavirus cases delaying economic recovery weighed on market sentiment. Moreover, strengthening U.S. dollar and a pullback in global equities supported...

U.S. housing starts rebound in May, home building activity likely to continue to improve in coming months

Jun 17, 2020 17:50 pm UTC| Commentary

U.S. housing starts rebounded in the month of May, rising 4.3 percent sequentially to 974k units. While this was slightly below the consensus expectations of 1.1 million units, it is the first time in four months that...

Canadian consumer price inflation falls further into negative territory in May

Jun 17, 2020 16:17 pm UTC| Commentary

Canadas consumer prices fell further into the negative territory in May. On a year-on-year basis, the consumer price inflation came in at -0.4 percent from Aprils -0.2 percent. On a month-on-month basis, consumer prices...