Gold
US data looks topped out; Canadian PPI rises; Taiwan export orders slip; Aussie workforce grows; container freight rates fall faster; UST 10yr at 4.50%; gold up and oil holds; NZ$1 = 57.6 USc; TWI = 67.2
21st Feb 25, 7:19am
90
US data looks topped out; Canadian PPI rises; Taiwan export orders slip; Aussie workforce grows; container freight rates fall faster; UST 10yr at 4.50%; gold up and oil holds; NZ$1 = 57.6 USc; TWI = 67.2
US data shaky as US policies grow increasingly unstable; Japan machinery orders fall; China house prices fall; UK inflation rises; UST 10yr at 4.56%; gold dips and oil firms; NZ$1 = 57.1 USc; TWI = 67.2
20th Feb 25, 7:19am
90
US data shaky as US policies grow increasingly unstable; Japan machinery orders fall; China house prices fall; UK inflation rises; UST 10yr at 4.56%; gold dips and oil firms; NZ$1 = 57.1 USc; TWI = 67.2
Dairy prices slip; US business sentiment mixed; Canada inflation pressure rises; German business sentiment rises; RBA makes a hawkish cut; UST 10yr at 4.54%; gold and oil up; NZ$1 = 57 USc; TWI = 66.9
19th Feb 25, 7:19am
52
Dairy prices slip; US business sentiment mixed; Canada inflation pressure rises; German business sentiment rises; RBA makes a hawkish cut; UST 10yr at 4.54%; gold and oil up; NZ$1 = 57 USc; TWI = 66.9
Canadian housing starts rise; Singapore's exports fall; so do China's car sales and India's exports; eyes on RBA review, tinged with uncertainty; UST 10yr at 4.49%; gold up and oil little-changed; NZ$1 = 57.4 USc; TWI = 67.2
18th Feb 25, 7:19am
59
Canadian housing starts rise; Singapore's exports fall; so do China's car sales and India's exports; eyes on RBA review, tinged with uncertainty; UST 10yr at 4.49%; gold up and oil little-changed; NZ$1 = 57.4 USc; TWI = 67.2
China goes on a new debt splurge; China FDI dives; Singapore growth rises, Malaysia's declines; US retail disappoints; Canada credit conditions tighten; UST 10yr at 4.48%; gold and oil down; NZ$1 = 57.4 USc; TWI = 67.3
17th Feb 25, 7:20am
55
China goes on a new debt splurge; China FDI dives; Singapore growth rises, Malaysia's declines; US retail disappoints; Canada credit conditions tighten; UST 10yr at 4.48%; gold and oil down; NZ$1 = 57.4 USc; TWI = 67.3
US activity data holding; US tariff war policies revealed; China new lending spurts dramatically higher; China FDI plunges; India gains huge leverage over Trump; UST 10yr at 4.48%; gold and oil down; NZ$1 = 57.4 USc; TWI = 67.3
15th Feb 25, 8:39am
59
US activity data holding; US tariff war policies revealed; China new lending spurts dramatically higher; China FDI plunges; India gains huge leverage over Trump; UST 10yr at 4.48%; gold and oil down; NZ$1 = 57.4 USc; TWI = 67.3
US PPI stays high; US household debt rise modest; Japanese PPI rise stays elevated; EU industrial production weak; freight rates fall; UST 10yr at 4.54%; gold up and oil down; NZ$1 = 56.5 USc; TWI = 66.7
14th Feb 25, 7:19am
104
US PPI stays high; US household debt rise modest; Japanese PPI rise stays elevated; EU industrial production weak; freight rates fall; UST 10yr at 4.54%; gold up and oil down; NZ$1 = 56.5 USc; TWI = 66.7
US inflation rises along with inflation expectations; Japanese machine tool orders up; India industrial growth eases; Aussie housing investors pull back; UST 10yr at 4.63%; gold and oil down; NZ$1 = 56.3 USc; TWI = 66.7
13th Feb 25, 7:19am
116
US inflation rises along with inflation expectations; Japanese machine tool orders up; India industrial growth eases; Aussie housing investors pull back; UST 10yr at 4.63%; gold and oil down; NZ$1 = 56.3 USc; TWI = 66.7
Trump prevents corruption enforcement; Powell holds the line; Canada building activity rises; India defends the rupee; China targets food security; Aussie sentiment flat; UST 10yr at 4.54%; gold and oil up; NZ$1 = 56.6 USc; TWI = 66.8
12th Feb 25, 7:20am
150
Trump prevents corruption enforcement; Powell holds the line; Canada building activity rises; India defends the rupee; China targets food security; Aussie sentiment flat; UST 10yr at 4.54%; gold and oil up; NZ$1 = 56.6 USc; TWI = 66.8
Broader US tariffs embed inflation expectations worldwide; India's 'go for growth' plan depresses its currency; some key metals rise sharply; UST 10yr at 4.49%; gold and oil up; NZ$1 = 56.5 USc; TWI = 66.8
11th Feb 25, 7:19am
100
Broader US tariffs embed inflation expectations worldwide; India's 'go for growth' plan depresses its currency; some key metals rise sharply; UST 10yr at 4.49%; gold and oil up; NZ$1 = 56.5 USc; TWI = 66.8
The US Fed enters a tricky transition; US data mixed; US sentiment sinks; Canada jobs strong; Japan households spend more freely; China data ho-hum; UST 10yr at 4.50%; gold and oil hold; NZ$1 = 56.6 USc; TWI = 66.9
10th Feb 25, 7:19am
83
The US Fed enters a tricky transition; US data mixed; US sentiment sinks; Canada jobs strong; Japan households spend more freely; China data ho-hum; UST 10yr at 4.50%; gold and oil hold; NZ$1 = 56.6 USc; TWI = 66.9
Gold demand hits new records in 2024, and that was before the 2025 jump. Central banks and investors drove the 2024 market strength
9th Feb 25, 12:14pm
2
Gold demand hits new records in 2024, and that was before the 2025 jump. Central banks and investors drove the 2024 market strength
Beyond the economic & political disruption in the US, David Skilling has identified ten recent developments around the world that provide insights on emerging global dynamics
8th Feb 25, 9:47am
11
Beyond the economic & political disruption in the US, David Skilling has identified ten recent developments around the world that provide insights on emerging global dynamics
US jobs growth weak, sentiment drops rather hard; more tariff pain coming; Canada jobs growth strong; Japan spending jumps; India cuts; UST 10yr at 4.44%; gold up, oil holds; NZ$1 = 56.7 USc; TWI = 67; El Salvador ends bitcoin's role
8th Feb 25, 8:45am
125
US jobs growth weak, sentiment drops rather hard; more tariff pain coming; Canada jobs growth strong; Japan spending jumps; India cuts; UST 10yr at 4.44%; gold up, oil holds; NZ$1 = 56.7 USc; TWI = 67; El Salvador ends bitcoin's role
US services expansion slows; US vehicle sales ease; India to change rate & inflation focus; England cuts rates; Aussie trade surplus lower; freight rates fall; UST 10yr at 4.44%; gold and oil ease; NZ$1 = 56.7 USc; TWI = 67
7th Feb 25, 7:19am
130
US services expansion slows; US vehicle sales ease; India to change rate & inflation focus; England cuts rates; Aussie trade surplus lower; freight rates fall; UST 10yr at 4.44%; gold and oil ease; NZ$1 = 56.7 USc; TWI = 67
Dairy prices rise; US labour market signals negative; ditto inventories; tariff counterpunches come; currency changes hurt the US; UST 10yr at 4.52%; gold at new high; oil unchanged; NZ$1 = 56.2 USc; TWI = 66.9
5th Feb 25, 7:20am
69
Dairy prices rise; US labour market signals negative; ditto inventories; tariff counterpunches come; currency changes hurt the US; UST 10yr at 4.52%; gold at new high; oil unchanged; NZ$1 = 56.2 USc; TWI = 66.9
US tariff backtracks start; PMIs improve in the US, Canada, China; EU inflation eases higher; Aussie retail and house prices slip; UST 10yr at 4.52%; gold at new high; oil unchanged; NZ$1 = 56 USc; TWI = 66.7
4th Feb 25, 7:19am
180
US tariff backtracks start; PMIs improve in the US, Canada, China; EU inflation eases higher; Aussie retail and house prices slip; UST 10yr at 4.52%; gold at new high; oil unchanged; NZ$1 = 56 USc; TWI = 66.7
US imposes big tariffs against Canada, Mexico and China; US PCE inflation rises; Japan data good; India cuts income taxes; Aussie PPI high but easing; UST 10yr at 4.51%; gold at new high; oil down; NZ$1 = 56.7 USc; TWI = 67.2
3rd Feb 25, 7:19am
125
US imposes big tariffs against Canada, Mexico and China; US PCE inflation rises; Japan data good; India cuts income taxes; Aussie PPI high but easing; UST 10yr at 4.51%; gold at new high; oil down; NZ$1 = 56.7 USc; TWI = 67.2
[updated]
US PCE rises; Canada differential 'extreme'; Japanese retail sales rise; EU inflation stays up; Aussie advisers squeal at high cost of compo fund; UST 10yr at 4.51%; gold at new high; oil down; NZ$1 = 56.7 USc; TWI = 67.2
1st Feb 25, 8:09am
61
US PCE rises; Canada differential 'extreme'; Japanese retail sales rise; EU inflation stays up; Aussie advisers squeal at high cost of compo fund; UST 10yr at 4.51%; gold at new high; oil down; NZ$1 = 56.7 USc; TWI = 67.2
US posts impressive growth but less than expected; ECB cuts again with EU stalled; freight rates fall; air travel hits all-time high; UST 10yr at 4.53%; gold up near ATH and oil down; NZ$1 = 56.5 USc; TWI = 67
31st Jan 25, 7:18am
93
US posts impressive growth but less than expected; ECB cuts again with EU stalled; freight rates fall; air travel hits all-time high; UST 10yr at 4.53%; gold up near ATH and oil down; NZ$1 = 56.5 USc; TWI = 67
Eyes on US Fed; US data starts to react to Trump distortions; Canada trims rate; Russia PPI inflation jumps; Aussie inflation sets up rate cut; UST 10yr at 4.55%; gold soft and oil firm; NZ$1 = 56.5 USc; TWI = 67.1
30th Jan 25, 7:19am
36
Eyes on US Fed; US data starts to react to Trump distortions; Canada trims rate; Russia PPI inflation jumps; Aussie inflation sets up rate cut; UST 10yr at 4.55%; gold soft and oil firm; NZ$1 = 56.5 USc; TWI = 67.1
US moves to remove all ethical guardrails; consumer mood sours; China travel strong; Aussie business sentiment still negative; UST 10yr at 4.56%; gold and oil firm; NZ$1 = 56.6 USc; TWI = 67.1
29th Jan 25, 7:19am
175
US moves to remove all ethical guardrails; consumer mood sours; China travel strong; Aussie business sentiment still negative; UST 10yr at 4.56%; gold and oil firm; NZ$1 = 56.6 USc; TWI = 67.1
China PMIs weaken, profits soft and tax take lower; US data positive ahead of Q4 GDP result; UST 10yr at 4.53%; equities, gold and oil all down; NZ$1 = 56.8 USc; TWI = 67.1; bitcoin drops
28th Jan 25, 7:19am
69
China PMIs weaken, profits soft and tax take lower; US data positive ahead of Q4 GDP result; UST 10yr at 4.53%; equities, gold and oil all down; NZ$1 = 56.8 USc; TWI = 67.1; bitcoin drops
PMIs everywhere mostly positive; Japan and Singapore moved policy rates; India expansion loses some steam; UST 10yr at 4.62%; gold down and oil on hold; NZ$1 = 57.1 USc; TWI = 67.4
27th Jan 25, 7:19am
45
PMIs everywhere mostly positive; Japan and Singapore moved policy rates; India expansion loses some steam; UST 10yr at 4.62%; gold down and oil on hold; NZ$1 = 57.1 USc; TWI = 67.4
US PMIs positive but inflation lurks; Japan raises rates; Singapore loosens; India tests growth wobbles; Australia PMI contracts less; UST 10yr at 4.62%; gold up and oil down; NZ$1 = 57.2 USc; TWI = 67.4
25th Jan 25, 8:55am
79
US PMIs positive but inflation lurks; Japan raises rates; Singapore loosens; India tests growth wobbles; Australia PMI contracts less; UST 10yr at 4.62%; gold up and oil down; NZ$1 = 57.2 USc; TWI = 67.4