The recent preliminary trade pact which brought the US and China in agreement over certain terms and a measure of tariffs roll back seemed to be favorable to the dollar as it gained strength against a basket of currencies while this seemed to weigh on the AUD in its USD pairing.
The safe-havens such as the Japanese yen and gold remained pressured. The yen being affected by an uprising escalation between Japan and Russia as the latter held five of Japan’s fishing ships hostage recently.
Slow-moving GBP/USD pair showed signs of retracement breaking the 1.31 trend line despite hitting the least of daily lows recorded since 2018 on Tuesday while EUR/USD ranged above 1.1100.
USD/JPY traded slightly below 109.50 while Gold ranged below $1480. Recent monetary policy conditions of the Reserve Bank of Australia saw the Aussie taking a plunge. The Kiwi dollar took the reversal trend buoyed by recently released New Zealand’s 3rd quarter GDP figures.
In Eurozone, S&P 500 futures traded negative. Brent crude retraced from 3-month highs consequently from a surge in US Crude Stocks for the week.
Daily Market Outlook
Due out later today is Germany’s Ifo Business Climate Index numbers and sub-indexes figure for December. It is seen that Current Assessment figures and business expectations will count while the Business Climate Index will predominantly be most impactful on the Euro.
Due out later today is the final estimate for November inflation to be released out of the Eurozone, in which monthly consumer prices will be at the center of attention. Inflation stats will be most impactful on the EUR and the Pound. Brexit sentiments will mount more pressure on the Pound.
Investors await ECB’s head, Christiane Lagarde’s speech on the latest monetary policy earlier in the day.
Euro’s current standing is -0.03% to trade at $1.1113
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.