RBA Preview: Cautiously Optimistic over Recovery; QE Expected to Increase Further in 2021
After some big moves in November, we believe the RBA will stay put at this week’s meeting. Given the good news about vaccine and the steady decline in the country’s coronavirus cases and, we do not feel surprise if the...
Gold Selloff Resumes, Markets Shrug Solid Data from Japan, China and New Zealand
Asian markets are generally mixed despite some solid data from Japan, China and New Zealand. Yen is lifted mildly by the relatively optimistic economic outlook. Sterling is also slightly firmer after UK Foreign Minister Dominic Raab indicated Brexit negotiations are...
EUR/USD Breaks Key Resistance, Gold Dives Below $1,800
Key Highlights EUR/USD extended its rise above the 1.1900 and 1.1920 resistance levels. A major bullish trend line is forming with support near 1.1905 on the 4-hours chart. GBP/USD retreated lower after it failed to clear 1.3400, gold price broke...
Stock futures fall slightly as Wall Street is set to wrap up a historic November
Stock futures dipped in overnight trading on Sunday as the market looks set to finish November with historically strong gains. Futures on the Dow Jones Industrial Average fell 80 points. S&P 500 futures traded 0.1% lower and Nasdaq 100 futures...