Gold Levitates Higher, Wall Street and Dollar Retreat
Gold freight train rolls past $1520, fueled by decline in dollar & Treasury yields US stocks pull back despite positive trade news – will Trump target the EU next? Have a great New Year! Gold extends gains on weaker dollar,...
Reflective Markets as the New Year Nears
Notes/Observations Happy New Year!!!! Hopefully 2020 will provide perfect vision in your trading EU session very quiet as participants avoid fresh positions Asia: South Korea Dec CPI M/M: 0.2% v 0.1%e; Y/Y: 0.7% v 0.6%e ; Overall 2019 Avg CPI...
China Stocks Fall as Manufacturing PMI Firms
The USD was unchanged in the American and Asian sessions. This was after the market received a number of key economic data from the United States. The pending home sales rose by 1.2% in November. This refers to signed contracts...
EUR/USD: Euro Trading a Tad Higher in the Asian Session
For the 24 hours to 23:00 GMT, the EUR declined 0.05% against the USD and closed at 1.1202. In the US, data showed that the Chicago Fed Purchasing Managers’ Index advanced to a level of 48.9 in December, surpassing market...
Pound to $1.3170?
The pound is on the rise for the sixth straight session, extending gains by 0.3% at the start of the week versus both the euro and the dollar, as thin trading volume enhances action in the fx markets. Pound traders...
US Open – Record Highs, Dollar Falls, Oil Refuses to Break, Gold Prospers
Light trading is expected today as market participants leave hints that expectations remain in place for US stocks to continue march higher, while the dollar will soften in the New Year. The limited economic releases this week should paint a...
EUR/USD: Euro Trading Higher in the Asian Session
For the 24 hours to 23:00 GMT, the EUR rose 0.75% against the USD and closed at 1.1182 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.1197, with the EUR trading 0.13% higher against the...
Market Rally Still Going Low Holiday Volumes Awaiting Start of 2020
The US dollar is on the backfoot at the end of the year as the trade truce between the US and China has opened the risk appetite flood gates. Risk aversion had limited gains in global stock markets and currencies....
Week Ahead – Focus on Manufacturing PMIs in Subdued Holiday Week
The economic calendar will only marginally get busier in the coming week and trading volumes are not expected to pick up much as New Year celebrations get underway. However, key manufacturing gauges out of China and the United States could...
Risk Appetite Still Finding Legs
Notes/Observations Awaiting US-China to organize a trade-deal signing ceremony Europe returns from extended Christmas holiday Asia: Japan Nov Jobless Rate matched a 27-year low ( 2.2% v 2.4%e) Japan Dec Tokyo CPI Y/Y: 0.9% v 0.9%e; CPI Ex-Fresh Food, Energy...
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