European Session: Waiting on Eurozone GDP
With a light calendar today, markets should continue to consolidate. Concerns over reports that China might increase the rate of CNY appreciation are also still lingering. Softer equities in Asia have coincided with USD strength, but with European stock staging a subtle comeback (volumes continue to be unimpressive) we are [...]
COMMODITIES – Wheat In 4-Day Rally, Gold Retreats As Dollar Rises
* Wheat is 4-day rally
* Rise in dollar weakens gold
* Oil down 3 percent on high stocks
* RJ/CRB index down 1 pct
CHICAGO, Nov 12 (Reuters) – U.S. wheat rose for the fourth straight session Thursday, surging 8 percent so far this week, as a [...]
The Dollar Recovers On Technical Momentum
The USD has recouped some losses today as equities put in a mixed performance and stale USD shorts were cleared from the market on technically-driven momentum. The morning’s release of European Industrial Production was broadly balanced in effect on risk sentiment as the September reading missed forecasts at 0.2% MoM [...]
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