Currencies Futures Prices
- Daily Financial Forecast, Industrial Commodities Mostly Higher
If I am correct in my belief that the global economy is stabilizing, it is likely that the industrial commodities, including copper, crude oil and lumber...
- Equities Move Higher, The Pound Breaks Out, Still No Phase One Trade Deal
Rebound continues as hope for the Phase 1 trade deal lingers. China is silent on progress but confirms talks continue.
- Elliott Wave View: GBPUSD Should Remain Supported
GBPUSD rally from Nov 23 low is unfolding as an impulse Elliott Wave structure, favoring more upside. This article looks at the Elliottwave path.
- Is a Local Top in Gold At Hand?
In yesterdays analysis on gold price in December 2019 , we wrote that while the outlook for the yellow metal for the following months was bearish, it...
- U.S.-China Trade Optimism Renewed
Stock index futures advanced following a report that the U.S. and China were moving closer to signing a phase-one trade deal.
- EUR/USD Daily Forecast Euro Eases Lower Following Services PMI Data
EUR/USD is under a bit of pressure in the early day and is threatening a downside break from a range that has been playing out in the early week.
Futures Market News and Commentary
The dollar index (DXY00) on Wednesday fell by -0.089 (-0.09%). Dec euro-fx futures (E6Z9) are up by +0.0012 (+0.11%), and EUR/USD (^EURUSD) fell by -0.0004 (-0.04%). Dec yen futures (J6Z9) are down by -0.0006 (-0.07%), and USD/JPY (^USDJPY) rose +0.26 (+0.24%).
The dollar index tumbled to a 4-week low Wednesday on weak U.S. economic data. The Nov ADP employment report showed a gain of only +67,000, much weaker than expectations of +135,000 and the smallest increase in 6 months. Also, the Nov ISM non-manufacturing index fell -0.8 to 53.9, weaker than expectations of -0.2 to 54.5.
GBP/USD rose +0.82% on Wednesday to a 6-3/4 month high as polls show UK Prime Minister Johnson's Conservative party increased their lead ahead of next Thursday's (Dec 12) UK election. UK Prime Minister Johnson says he has the votes in the Conservative Party to pass his Brexit withdrawal bill by the Jan 31 Brexit deadline if the Conservatives win a majority of seats in the new Parliament. GBP/US... Read more