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The market’s continued focus on information suggesting a shift toward a more accommodative monetary policy, paired with its tendency to overreact to any hint of such easing, spawns a self-perpetuating cycle that poses a complex challenge for policymakers. This cycle unfolds as follows: anticipated lower rates drive up asset markets, increased wealth and ...
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Gold is facing a downward trend following a bull phase, triggered by the comments from the Federal Reserve last week and unfavorable US nonfarm payrolls data. The latter could influence the direction of US interest rates, which could in turn affect the gold market. The Fed chose to keep rates unchanged on May 1, 2024, although it confirmed its intentions to ...
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The People's Bank of China (PBoC) added to their bullion reserves for the 18th month in a row, but April also marked the second month in a row of dramatically lower quantities, suggesting that record-high prices may finally be souring the central bank on gold. The PBOC bought 60,000 troy ounces of gold last month, far lower than the 160,000 ounces it ...
Date | 7:17pm | Impact | Detail | Actual | Forecast | Previous | Graph | ||
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7:17pm | Actual | ||||||||
Wed May 8 | |||||||||
Wed May 8 | 2:00am | GE Industrial Production m/m | -0.4% | -0.6% | 1.7% | ||||
4:00am | UK LME Copper Inventories | -1350 | -3950 | ||||||
10:00am | US Final Wholesale Inventories m/m | -0.4% | -0.4% | -0.4% | |||||
1:01pm | US 10-y Bond Auction | 4.48|2.5 | 4.56|2.3 | ||||||
Tentative | CH Trade Balance | 510B | 416B | ||||||
Tentative | CH USD-Denominated Trade Balance | 81.4B | 58.6B | ||||||
Thu May 9 | |||||||||
Thu May 9 | 4:00am | UK LME Copper Inventories | -1350 | ||||||
9th-15th | CH New Loans | 1200B | 3090B | ||||||
9th-15th | CH M2 Money Supply y/y | 8.2% | 8.3% | ||||||
7:00am | UK MPC Official Bank Rate Votes | 0-0-9 | 0-1-8 | ||||||
UK BOE Monetary Policy Report | |||||||||
UK Monetary Policy Summary | |||||||||
UK Official Bank Rate | 5.25% | 5.25% | |||||||
SA Manufacturing Production m/m | 0.7% | -0.3% | |||||||
7:30am | UK BOE Gov Bailey Speaks | ||||||||
8:30am | US Unemployment Claims | 212K | 208K | ||||||
10:00am | CA BOC Financial System Review | ||||||||
11:00am | CA BOC Gov Macklem Speaks | ||||||||
1:01pm | US 30-y Bond Auction | 4.67|2.4 |