United States MBA Mortgage Applications increased to -2.6% in May 18 from previous -2.7%

May 23, 2018

Gold spikes to over 1-week tops amid global flight to safety

• Global risk-aversion trade benefits traditional safe-haven assets. • Tumbling US bond yields provide an additional boost. • Resurgent

USD/JPY: Long term base already formed - Westpac

Tim Riddell, Research Analyst at Westpac, suggests that daily momentum shows signs of peaking as USD/JPY approaches 50% of its range of the past 18 mo