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News of Likely Congressional CR Deal to Avert Government Shutdown Outweighs Impact of Further Weak Data and Escalated Verbal Trade War – Currency Thoughts
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Expected ECB Rate Cuts Drive Global Stocks And Euro Uptick
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Newsquawk Week Ahead: US NFP, FOMC Minutes, ISM Services PMI, China and EZ inflation | Forexlive
Mon: EZ, UK & US Final Composite & Services PMIs (Dec), German Prelim. CPI (Dec), US Factory Orders (Nov) Tue: Swiss CPI (Dec), EZ Flash HICP (Dec), Canadian Trade Balance (Nov),US ISM Services PMI (Dec), JOLTS (Nov) Wed: FOMC Minutes (Dec); German Retail Sales (Nov), Swedish CPIF (Dec), Australian CPI (Nov), US ADP (Dec) Thu:…
Gold Price Plunges After Climbing to $3,500 for the First Time
As the XAU/USD chart shows:→ Yesterday, the spot gold price stopped just a few cents short of the key psychological level of $3,500 (and even exceeded it on the futures market);→ But this morning, an ounce is trading around $3,300, having dropped aggressively by more than 5%. Why Did Gold Suddenly Drop? The sharp decline…
