Today’s Brexit Barometer

By the Bloomberg Brexit Team Last updated: July 28, 2017 The Bloomberg Brexit Barometer rose sharply to 26.7, its highest level in four months, returning it to “cloudy” territory for the first time since late April. New European Commission survey data showed manufacturing confidence at a nearly 20-year high and a healthier mood also in the services sector. This offset mixed consumer confidence signals, with one measure rising from June while another, released by market-research firm GfK,...
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Amber Waves of Grain

Of the 14 commodities we track closely at U.S. Global Investors, wheat rose to take the top spot for the first half of 2017, returning more than 25 percent. The grain was followed closely by palladium—used primarily in the production of catalytic converters—which gained 24 percent. To view our ever-popular, interactive Periodic Table of Commodity Returns, click here. Between the start of the year and June 30, the Bloomberg Commodity Index contracted 4.03 percent, with energy weighi...
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Pound Traders Eye Brexit Talks to Shock It Out of Euro Doldrums

The formal start of Brexit negotiations on Monday may prove more of a catalyst for the pound than an inconclusive general election, a surprise hawkish shift by Bank of England officials and a spate of disappointing economic data. Despite the raft of surprises to hit sterling this month, it’s set to record its tightest monthly range versus the euro since 2014. That may change as, almost one year since Britain voted to leave the European Union, U.K. Brexit Secretary David Davis and his European...
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Dollar, yen inch higher as European political nerves weigh

By Patrick Graham | LONDON Political worries over Greece, Italy and Britain had European currencies on the retreat against the dollar on Tuesday, with a bleaker mood on stock markets also pushing the yen higher. The dollar index, under pressure over the past fortnight from concerns over the Trump administration's difficulties, gained around 0.1 percent in morning trade in Europe. .DXY Falls in inflation in Spain and several German regions, as well as European Central Bank chief Mario Dr...
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Gold Faces Critical Chart Set Up Into End of February

By Jon C. Ogg It sometimes feels strange when stocks, oil, gold and other assets rise without a big sell-off in bond prices for higher bond yields. That being said, the price of gold often moves with currencies more than it does with other markets. It is just crucial to keep in mind that gold can act independently versus other commodities. After all, gold is sought after in times of uncertainty as it is generally considered to be the ultimate safety trade. On February 23, 2017, gold has reache...
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Pound Volatility Jumps as Traders Brace for May Speech: Chart

A one-week measure of anticipated price swings for the pound climbed to the highest in two months on news Prime Minister Theresa May will set out her Brexit vision in a speech on Tuesday. The U.K. currency has proved sensitive to May’s statements on the subject, tumbling following her speech at the Conservative Party conference in October and her first television interview of the new year. In both, the prime minister boosted speculation the U.K. is more likely to pursue an exit from the Eu...
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Dollar up as solid U.S. jobs report sets stage for Fed hikes

Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo More By Dion Rabouin NEW YORK (Reuters) - The dollar rose on Friday, boosted by a solid U.S. jobs report, after tumbling the day before on mixed U.S. economic data and apparent action by Chinese authorities to shore up the yuan. The dollar gained broadly against major currencies after th...
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Why Did Gold Fluctuate in 2016?

By Meera Shawn | Jan 3, 2017 12:00 pm EST Trump’s victory and gold Gold prices for February expiration fell on the last trading day of the year. Gold fell 0.53% and closed at $1,152 per ounce on December 30. Gold prices broke a three-year losing streak and rose 9.8% for 2016. The beginning of 2016 was rather turbulent for gold. Safe-haven bids initially drove prices higher because safe-haven demand was strong. During the last quarter, prices kept falling due to the interest rate hike in Decem...
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Bankers To Fed: Stop Riding The Asset Bubble And Raise Rates Already

Federal Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, Thursday, Nov. 17, 2016, before the Joint Economic Committee. Yellen sketched a picture of an improving U.S. economy and said "the case for an increase" in interest rates has strengthened. The Fed is widely expected to raise rates when it meets in mid-December. (AP Photo/Susan Walsh) The stakes were high at last September’s Federal Open Market Committee (FOMC) meeting. Federal Reserve officials had hinted all ye...
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Look for the Fed to hike interest rates this week and ignore the elephant in the room

Yellen should not be expected to offer comment on how a Trump presidency changes her outlook Federal Reserve Bank Chairwoman Janet Yellen will hold a news conference Wednesday. You can expect the Federal Reserve to raise interest rates this week, but look for it to shy away from the bigger question looming for financial markets: How does the shock outcome of the presidential election change the economic landscape? The Fed is widely expected to announce an increase in the target range for ...
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