The Week Ahead, Economic Data
It’s a particularly busy week ahead on the economic calendar, with 95 stats in focus in the week ending 18th December.
Inflation Is on the Way for 2021
The United States hasn’t seen significant inflation in almost 40 years. That may change soon, thanks to a massive federal deficit, pent-up demand when quarantine restrictions are released.
Gold Price Analysis
Gold Price Analysis: XAU/USD remains trapped between key DMAs ahead of Fed week. Gold (XAU/USD) resumed its bearish momentum following a brief recovery from multi-month lows sub-$1800 in the last week.
EUR/USD May Rise To 1.22
Euro/dollar's consolidation may be coming to an end as worries about the virus, US stimulus, and Brexit are holding the EUR/USD pair back
Annual GDP in euro area
EU: Annual GDP in euro area contracts by 4.3% in Q3 vs. 4.4% expected
Iran to Sell 2.3m bpd of Oil
Iranian President Hassan Rouhani says the country will boost the oil output and sales in the next Iranian calendar year that will start on March 21, 2021.
Bitcoin is challenging gold
Bitcoin is challenging gold: Gold price outlook is 'no longer overwhelmingly bullish,' says UOB
EUR/USD still targets the 1.2200 level
According to FX Strategists at UOB Group noted the positive outlook for EUR/USD, which continues to target the 1.2200 level.
Oil Prices Towards $50 On OPEC+ Agreement
OPEC+ managed to seal a compromise deal over its oil production policy early next year, presenting a united front of a unanimous decision after days of disagreements.
Gold Price Technical Analysis
Gold has recently embraced formidable support, slightly at 1,760 following a considerable downfall from the seller congestion at 1,950.