RBA rate decision tomorrow - potential downside risk due to highly possible rate cut. Ongoing trade tensions - potential downside risk due to being China’s proxy.
China’s manufacturing PMI due next week could be negative news as data could return to contraction territories due to trade tensions. Building approvals and private capital expenditure are key news releases to watch out
Fears of further market deleveraging and stock dramas in the US merge with mutant coronavirus variants to offset some global vaccination drive results
Where is the GER30 heading? Where could the Aussie Dollar find support?
Market turns risk of as tensions between US and Iran escalated. How do they affect your trades?
The focus remains on the progress of US and China’s trade deal and Brexit’s developments.
Global economic data and trade optimism will drive the forex market as the year-end nears.
Market shifts its focus to the signing of the Phase One trade deal between US and China. How do they affect your trades?
XAUUSD reversed recent gains, as risk appetite is slowly improving. USOIL saw a sudden reversal as well, with pressure still increasing.
USD drifted down due to downbeat data, Pending Home Sales and ISM Manufacturing PMI data in focus this week