•  Powell’s overnight dovish comments helped stage a goodish recovery.   •  Declining US bond yields offset positive equities/a modest USD bounce.   •  The FOMC Nov. meeting minutes to provide a fresh directional impetus. Gold edged higher for the second consecutive session on Thursday and is currently placed at the top end of its weekly
The French economic outlook still looks encouraging as business confidence surveys showed in November, according to Julien Manceaux, Senior Economist at ING. Key Quotes “Hiring intentions remain high and if not always close to their 2017 peak – are still very far from their historical lows as seen above.” “Therefore, we expect the unemployment rate
Asian stocks gain some ground with focus still on the Trump-Xi summit Tech stocks are faring well today in Asia and is helping to boost sentiment across regional equities. Tencent is leading gains in Hong Kong and that’s helping to boost the Hang Seng index as well as regional tech stocks on the day. Plenty
EUR/GBP stays close to session tops in the proximity of 0.8880, always on the back of persistent weakness around the British Pound. EUR/GBP focused on Brexit After three consecutive daily pullbacks, the European cross is now rebounding markedly to the proximity of the key barrier at 0.8900 the figure. In fact, the continuation of the
   •  Continues to find some buying interest near $1220 horizontal zone.   •  Reviving safe-haven demand party offset the prevalent USD bullish mood.    •  Fed rate hike expectations might help determine the near-term trajectory. Gold reversed an early dip to over one-week lows and was now seen trading with modest gains, just below $1225 level,
According to Tuuli Koivu, Research Analyst at Nordea Markets, trade disputes will be high on the agenda at the G20 meeting on 30 Nov-1 Dec. Key Quotes “After the birth of the new North American deal earlier this autumn, progress in bilateral negotiations seems to have been small and communication has been confusing, not least
Iris Pang, Economist at ING, points out that China’s industrial profit growth slowed to 3.6% year-on-year in October from 4.1% in the previous month, putting the year-to-date growth at 13.6% YoY in October, a slowdown from 14.7% YoY growth as of September. Key Quotes “Comparing the two growth rate measures, it would seem the profit