No Change in December The Australian Dollar has stalled just under the 2020 highs in response to the latest RBA rate decision, delivered overnight. The bank, headed by governor Lowe, held rates...
Precious Metals Monday 30-11-2020
GoldGold prices have started the week under heavy selling pressure as the safe haven continues to see an exodus of capital amidst the better risk conditions taking hold of markets. Expectations and...
Opposition in OPEC+, Fed’s Powell Speech: Key Events to Watch this Week
EURUSD resumed its movement towards 1.20 on Monday in line with our expectations outlined last week, however buyers are in no hurry to break through the level. Greenback index remains in a mild...
Key Economic Events and Reports for the Week Ahead
The major eco report next Monday will be the index of activity in the manufacturing sector in China, which is also an indicator of demand in the global economy. The activity is expected to rise...
Record Borrowing in Germany Provided Relief to the Stock Market
Germany plans to borrow nearly 180 billion euros ($214.60 billion) next year, nearly double the amount originally budgeted, as Berlin expands aid to mitigate the impact of the COVID-19 pandemic on...
EURUSD: Unlikely that the ECB will Bring out big Guns in December
The risk of contested elections has been pushed further into the background as Trump basically admitted defeat on Thursday saying that he will leave the White House if the Electoral college votes for...
TRY Caught Between Locals & Foreigners Following Rate Hike
Lira Reversing Rate Hike GainsOne week on from the dramatic 4.75% CBRT interest rate hike, which took rates back up to 15%, USDTRY is still above where it was before the CBRT announced the move. The...
Oil: A Purely Technical Pullback?
US futures and European stock indices sway near opening in the low-volume price action as Thanksgiving in the US sets a low level of participation and tepid tone to trading. SPX again run into...
The Crude Chronicles - Episode 64
Oil Traders Increase LongsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long positions last week by 17,273 contracts, taking the total position up to...
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