Bulls pressure key barriers ahead of RBA policy meeting
The Australian dollar is consolidating under three-month high (0.7407), posted after fresh probe through 0.7400 earlier today.
Bulls remain well supported by rising positive sentiment on vaccine expectations that continues to deflate US…
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Oil markets focus on OPEC+ meeting and decision for 2021 output policy
Crude oil prices edged lower from new multi-month highs on Monday but still on track for the biggest monthly gains since June.
US WTI contract rose to $46.21 per barrel, the highest since early March and set for monthly rise of nearly…
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China’s manufacturing sector grew at fastest pace since 2017
China’s manufacturing sector expanded in November at the fastest pace since 2017, while services sector’s growth hit the highest in over eight years, signaling that economic recovery from coronavirus pandemic in the world’s second largest…
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Gold accelerates lower as growing optimism continues to boost risk sentiment
Spot gold plummeted to new multi-month low on Friday, as hopes for a virus vaccine and rebound in economic recovery, lifted riskier assets and further reduced demand for safe-haven metal.
Gold is on track for the third consecutive weekly…
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Positive techs and risk sentiment keep focus at the upside
The Euro remains constructive and holding above 1.1900 handle on Friday, despite strong indecision signal from Thursday’s long-legged daily Doji candle.
Holiday-thinned market keeps the action limited, with bulls looking for fresh signal…
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The dollar is set for weekly / monthly loss, deflated by fresh risk appetite
The US dollar is set for the second weekly loss and for more than 2% monthly fall in November, as investors migrate from safe-haven greenback into riskier assets on improved risk appetite.
Growing expectations that Covid-19 vaccine would…
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