Free Trial

Little Changed After Post-NFP Move Higher


The post-NFP move lower in U.S. real yields and the DXY has mostly held during Monday's Asia-Pac session (at least if we use our weighted U.S. real yield monitor for the former), leaving gold little changed, just shy of $1,820/oz in spot dealing, after Friday's uptick. Bulls are squarely focused on the Sep 3 high/bull trigger ($1,834.0/oz), while bears need to take out the Nov 3 low ($1,759.0/oz) to reassert themselves. The upcoming raft of Fedspeak (including Chair Powell & Vice Chair Clarida on Monday) provides the immediate area of focus, with Wednesday's U.S. CPI release also eyed.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.