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CRUDE OIL & GOLD TALKING POINTS: Crude oil prices prove more resilient than stocks after soft US retail data Gold prices rise, encouraged by bond yield drop amid broad risk aversion S&P 500 futures signal risk-off tone, US consumer confidence data due Cycle-sensitive crude oil prices fell alongside stocks while gold prices rose following a
Tough day for EUR/USD In a sense, a lot of things went right today for the euro. German GDP was mixed but it was revised to 0.0% from -0.2%, cutting the recession risk. On the flipside of the EUR/USD trade, US retail sales were terrible and initially sent EUR/USD higher.   Still, EUR/USD is near
The pair moves higher after testing the mid-1.1200s. Advanced German Q4 GDP came in flat, below estimates. Estimates of Q4 GDP in Euroland matched consensus at 0.2% QoQ. Quite volatile start of the second half of the week for EUR/USD, which is now resuming the upside after bottoming out in the mid-1.1200s earlier in the
Daily thread to exchange ideas and to share your thoughts Happy Valentine’s Day, everyone! Hope you’re all doing well as we get things going here in the session. It’s been a decent start to the new day so far with risk currencies benefiting the most from increased optimism surrounding trade talks in Beijing. The kiwi and aussie
In their latest client note, Goldman Sachs’ analysts expressed their take on the Australian economy and the Reserve Bank of Australia’s (RBA) future monetary policy path, in the wake of the recent weakness in the fundamentals. Key Quotes: “Outlook for the Australian economy and interest rates has become less certain, against the backdrop of global
“After months of trying to convince Catalan lawmakers to support the 2019 budget, Prime Minister Sanchez is likely to throw the towel in the ring and call snap elections,” ING economist Steven Trypsteen wrote in a recently published article. “We see a right-wing government or political gridlock as the most likely outcomes.” Key quotes “Recent
USDJPY, EURUSD Talking Points: – The US Dollar is moving-higher again this morning following yesterday’s pullback. That pullback found support at last week’s resistance, taken around the 96.68 level in DXY. Since this level came into play overnight, buyers have regained control to push back-up to the 97.00 level. This morning’s CPI came-out above expectations,
Mexican peso recovers modestly against the US dollar; technicals still show it vulnerable.  A decline across the board of the greenback and higher crude oil prices kept USD/MXN below 19.30.  The USD/MXN broke yesterday a multi-day range above 19.15 and jumped to 19.32, reaching the highest level in a month. Today pulled back to 19.20 and
According to Bill Diviney, senior economist at ABN AMRO, this week political event risk in the US will be more at the centre stage as compared to the UK. Key Quotes “In all cases, the path of least resistance looks to be more can-kicking rather than any breakthroughs (or breakdowns) happening. First, US Trade Representative
The greenback falls to session lows against the likes of the euro and pound ForexLive Notably, cable is up by 0.2% on the day currently as traders are stretching the ranges seen in dollar pairs on the day. EUR/USD is also inching back up towards a test of the 1.1300 handle. The greenback is also