China imported large quantities of Gold from Hong Kong for the second month in a row in May. According to data from the Hong Kong…
The markets are increasingly optimistic about the prospect of a permanent reduction in US tariffs after the end of the 90-day moratorium, Commerzbank’s Head of…
We have long argued that the rouble exchange rate (versus hard currencies such as the US dollar or euro) is a ‘technical fix’ or artificial…
The Chinese Purchasing Managers’ Index, published this morning, shows a slight improvement, though it remains at a low level. Although the manufacturing sector index rose…
Gold remains in high demand among central banks. According to a survey published a few days ago by the Official Monetary and Financial Institutions Forum…
There’s no stopping the price of Platinum: Yesterday, it climbed above the $1,400 per troy ounce mark for the first time since September 2014, Commerzbank’s…
According to the International Copper Study Group, the Copper market slipped from a supply surplus to a supply deficit of 50 thousand tons in April,…
When the Swiss National Bank (SNB) announced its decision yesterday, some analysts seemed to have been anticipating a repeat of negative interest rates in Switzerland,…
As expected, the Bank of England (BoE) left interest rates unchanged yesterday, Commerzbank’s FX analyst Michael Pfister notes. Next BoE cut likely in August “However,…
Russia’s central bank (CBR) issued a 100bp surprise rate cut at its last meeting in May, but it reiterated its hawkish message, hence it did…