(31 January 2013) Important Notice: Click here to read the important notice.
CP Global Alpha (...)loading...
CPS-Master (...)loading...
CP Multi Strategy (...)loading...

Currency News

Asia's Opening

With the US closed overnight for Labour Day, regional markets are expected to open fairly flat.

Focus continues to be on whether the ECB will be egged on to boost stimulus at Thursday’s meeting, after a round of weak European manufacturing PMIs, which showed Italy’s dropping back into contraction after 13 months of growth. Otherwise tensions over Ukraine continue to linger as pro-Russian rebels advance in the East of the country. The Euro remains vulnerable, while European bonds continued their relentless rise. Otherwise European shares edged up, oil fell and base metals alongside gold are weaker.

On the regional front, yesterday’s soft China manufacturing PMI readings have been positively interpreted as a sign officials may help boost the economy further. Otherwise RBA is widely expected to hold rates today with an ongoing neutral bias, but as usual comments on the Australian Dollar will be eyed.

  • Asia's Opening

  • Asia's Opening

  • Asia's Opening

  • Asia's Opening

What's New

We believe that three primary factors are likely to generate...

We believe that three primary factors are likely to generate further interest in gold from investors, and subsequently gold ETF inflows, driving the gold price higher: 1. Inflation potentially entering the system. Inflation has long been suggested as a potential consequence of unprecedented money creation by the world’s central banks over the last few years. There are signs that it may slowly be emerging in 2014.

2. Increased geopolitical risk. The second factor affecting the gold price is linked to the first. Geopolitical tension surrounding the Russia and Ukraine situation tested investors’ risk appetite in the first half of the year and continues to do so. 3. Gold price seasonality. The final point is that of seasonality, which has historically led to higher gold demand in the second half of the calendar year and hence better price performance. This is because the Indian monsoon/harvest season boosts incomes and the timing of the Indian wedding season, around Diwali, sees significant quantities of gold purchased as gifts.

  • New York state's banking regulator has hit Standard Chartered Bank...

  • Hedge funds extended the longest bearish streak for soybeans...

  • At 15,400, Hong Kong has more multimillionaires...

  • Russia's wealthiest have lost billions of dollars since...

  • Singapore is set to go further than just being Asia's financial services hub...

Editorial

Loading...