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.
Final push for Brexit trade deal
British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen instructed their negotiators to resume trade talks on Sunday.
UAE, Jordan condemn assassination of Iranian scientist
The United Arab Emirates and the Kingdom of Jordan have condemned the Friday assassination of Iranian nuclear scientist Mohsen Fakhrizadeh.
Zarif urges EU to leave double standards on assassination
Iranian Foreign Minister called on the international community, especially the European Union, to abandon double standards and condemn the act of state-sponsored assassination.
Natural Gas Markets Forecast
The natural gas markets pulled back a bit on Friday, to give back some of the gains that we found on Thursday. But we are still very well supported.
China’s industrial profits grow at quickest monthly pace
Profits at China’s industrial firms grew in October for a sixth consecutive month and at their quickest pace since early 2017.
Gold Weekly Price Forecast
Gold markets got hammered during the week as we continue to see a lot of money flow into the “risk-on” trade. Gold was ditched and fell below the $1800 level.
Gold price down 2% following strong sentiment in service, manufacturing sector
A multi-year rise in sentiment in the manufacturing and service sector is pressuring gold lower as prices break below critical support. December gold futures last traded near session lows at $1,841.40 an ounce, down 1.6% on the day.
COVID brought US economy back to the brink
The resurgent coronavirus has brought the U.S. economy back to the brink of contraction, the usually upbeat forecasters at Goldman Sachs have pontificated in a new note to clients.
How High Can Oil Prices Go In 2021?
Progress in vaccine development and expectations that OPEC+ will decide in less than two weeks to roll over the current cuts for three months instead of easing them from January 2021 give bulls hopes that the oil market will regain some semblance of a balance next year.