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CRAIG ERLAM
Gold near two-month low, investors eye US data for rate cut cuesGold prices languished near a two-month trough on Thursday as traders lowered expectations of sooner and deeper rate cuts by the Federal Re...- Gold firms as dollar softens on Fed rate pause expectationsThe Fed is likely done raising interest rates, traders bet on Friday after a jump in the U.S. unemployment rate and moderate wage growth su...
- No one expecting US to default on its debt: Craig ErlamWe have seen this before. We have been here before and it all ends the same way, an 11th hour deal and that is what everyone has been expec...
- Oil slips as economic jitters offset U.S. debt dealOil prices dipped due to economic worries, despite a debt ceiling deal being reached in the US that averted an economic default and helped ...
- London FTSE 100 index breaks through 8,000 pointsThe benchmark index rallied to an all-time pinnacle at 8,003.65 points, helped by the weak pound which boosts the share prices of multinati...
- Dovish Fed cues propel gold to 9-month peakInvestor attention is now on European Central Bank (ECB) and Bank of England (BOE) interest rate decisions later in the day, with expectati...
- Oil falls as outlook for China, global economy weigh"Brent and WTI have recovered almost 15% from the lows a few weeks ago as traders continue to price in stronger Chinese demand," Craig Erla...
- European equities slump at openThe region extended Tuesday's losses, with London's benchmark FTSE 100 index tumbling 1.6 percent to 6,870.45 points.In the eurozone, Frank...
- Oil rallies ahead of OPEC+ meetingThe Organization of the Petroleum Exporting Countries (OPEC and allies, together known as OPEC+, are due to meet on Sept. 5 against a backd...
- Sudden crypto drop sends bitcoin to three-week lowEther also dropped around the same time and was last down 8.8% at $1,685.
- After 50 bps hike, ECB has to lay groundwork for further rate hikes: Craig Erlam“A recession is highly likely in the Euro zone at this point and the European Central Bank has to raise interest rates regardless. One has ...
- Oil ban unlikely to affect OPEC+ decisionWith Russia being one of the two most important members of the alliance (alongside Saudi Arabia), any decision on increasing output has bec...
- Gold slips on firmer dollar, heads for worst week since NovemberGold has shed about 2.7% so far this week with investors initially pricing in possibilities of aggressive interest rate hikes by the U.S. F...
- Oil falls after increases in US crude, fuel stockpilesOil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly incr...
- Bitcoin declines in the wake of Tesla-inspired euphoriaThe world’s largest cryptocurrency fell as much as 7.5% Wednesday to $43,764 after surging past $48,000 earlier this week. Alt coins includ...
- Gold near eight-week high as Covid angst fires up haven demandGold’s climb builds on the precious metal’s biggest annual gain in a decade, as virus angst clouds the outlook for the recovery.
- Gold dips as AstraZeneca adds to vaccine optimismSpot gold had fallen 0.4% to $1,863.21 per ounce by 1328 GMT and U.S. gold futures were 0.6% lower at $1,861.40. Britain's AstraZeneca said...
- Expect lot more nationalist rhetoric from Trump going into polls: Craig Erlam‘Grab all the information that you have and try to make sense of what the economy is looking like’
- Unprecedented stimulus flowing through will keep markets inflated: Craig Erlam‘At this moment of time, the charts are looking a little bit vulnerable’
- Recovery path will be long; but assets will gain big: Craig Erlam‘Economies are still not prepared for a significant second wave’
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