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FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
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Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
The GBPUSD pair jumped to the best levels since May 2018 marginally above the 1.35 handle on Friday. The rally has accelerated on the outcome of parliamentary election in the UK, where the UK PM Boris Johnson won a majority. After a knee-jerk reaction, cable retreated partially and has settled around 1.34, staying elevated. So, the UK managed to avoid a...
EURUSD is making shallow recovery attempts on Monday, struggling to make decent gains after a sell-off witnessed amid unexpectedly strong economic data out of the United States on Friday. Payrolls surged 266,000 in November while unemployment rate declined from 3.6% to 3.5%, to the lowest level since 1969. More importantly, average hourly earnings rose by 3.1%,...
The aussie turned into a corrective mode on Wednesday, after a rejection from three-week highs around 0.6860 yesterday. The recent two-day rally looks overdone, with profit-taking looking fairly attractive and reasonable at current levels, considering the prevailing risk-off sentiment in the global financial markets. Risk aversion intensified overnight after...
After a rally on Friday, gold prices are back under the selling pressure as risk sentiment has improved at the start of the trading week. Positive data out of China eased investor concerns over the state of the world’s second largest economy and fueled risk appetite across the board. China official manufacturing PMI came in at 50.2 in November up from 49.3 in...
In a muted Black Friday session, EURUSD remain stuck in a tight range, oscillating around the 1.10 key support since the start of the week. The liquidity is fairly low due to holidays in the United States, and many traders have already left the markets on Wednesday, suggesting the consolidation will continue until the end of the day. Despite the bearish bias...
The USDJPY soared to highest since May on Wednesday amid a broad-based rally in risky assets fueled by positive comments from the trade front. The greenback rallied to 109.60 but the bulls were stirred by the 100- and 200-SMAs in the weekly charts. Early on Thursday, the pair shifted into a correction mode as risk appetite wanes across the board. Still, the...
Crude oil prices shifted into a consolidation mode on Wednesday after a local rebound yesterday. Brent has settled above the $63 handle but has yet to confirm a breakout as the upside momentum looks unsustainable fragile. In the daily charts, the futures remain stuck between the 100- and 200-DMAs. Oil market remains sensitive to trade-related headlines, with...
Gold prices dipped to two-week lows on Tuesday after four days of losses. The bullion received support around the $1,451 level and bounced slightly, as investor optimism seems to be waning early in Europe. In the weekly charts, the picture remains bearish amid the lingering hopes for striking a so-called interim trade deal between the US and China. Also, some...
After two weeks of declines, USDJPY makes bullish attempts at the start of a new trading week. The pair is now back around the 200-DMA which continues to serve as the immediate resistance zone, coming around 109.00. Dollar demand picked up amid the renewed trade optimism after China said it will raise penalties on violations of intellectual property rights....
Brent crude extends gains for a third day in a row. Prices registered two-month highs around the $64 handle and tries not to lose the upside momentum after some consolidation during the Asian session on Friday. Now, the immediate hurdle for the market comes at the 200-DMA around $64.30. The rally was fueled by positive comments from China. The government...
The EURUSD pair failed to break above the 100-DMA on several occasions and stays below this line since early-October. After four days of gains, the euro resumed the decline on Wednesday, though the downside pressure looks limited so far. Dollar demand picked up slightly as risk sentiment turned sour after Trump threatened once again to hike tariffs against...
Crude oil prices failed to preserve gains and got back below the $63 handle. On Tuesday, Brent tries to hold above $62 and struggles to resume the ascent amid the lingering trade uncertainty. Moreover, the market remains vulnerable to further losses despite the futures are holding above the 100-DMA these days. China expressed pessimism over a partial trade...
The greenback is lower against its major counterparts on Monday, as positive risk sentiment amid renewed trade optimism caps the safe-haven demand for the US currency. Over the weekend, China and US officials held phone talks and discussed the final details of the first phase of a trade deal. The news fueled investor optimism at the start of the trading week but...
EURUSD failed to keep the bullish momentum going on Monday despite the risk-on sentiment fueled by positive noises on the US-China trade talks, as mixed European PMIs weighed the common currency. The pair struggled around the 1.1175 area which caps gains since mid-October. In a wider picture, the euro still remains in a range limited by the 200- and 100-DMAs. ...
EURUSD finished marginally lower on Monday, and the upside bias resumed earlier today, with the pair continues to hold above the 1.10 handle. In general, the common currency continues to fluctuate in a limited range, with bulls remain cautious ahead of German ZEW survey. The economic sentiment index is anticipated to fall further to -27.3 in October from...
Gold prices dipped to early-October lows on Friday as investors were cheering a partial US-China trade deal. As a result, Washington decided not to raise tariffs on $250 billion worth of Chinese imports from 25% to 30%, which brought some relief to global markets. The bullion registered a weekly low just below the $1,474 figure and finished at $1,488 on...
Since the beginning of this month, EURUSD has been recovering gradually, after two weeks of steep losses in the second half of September. Yesterday, the euro has finally broken above the 1.10 handle amid a broad-based weakness in the greenback. Risk sentiment improved dramatically due to positive developments in Washington, with Trump said trade talks between...
The USDJPY pair is getting more volatile as signals from the trade front are rather contradictory. In Asia, the greenback briefly jumped above the 100-DMA to register one-week highs around 107.77 after an earlier dip to 107.00. The pair has settled around opening levels since then. Such dynamics confirms a heightened uncertainty around the upcoming trade...