It was a big weekend for US stocks and prices have gapped-higher to start December trade. A busy week of headlines remains, and US markets will be closed on Wednesday.
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Monday, 3 December 2018
AUD Tests Resistance on Trade War Truce, CAD and Oil Surges - US Market Open
AUD outperforms as President Trump and Xi call a truce. Canadian oil production cuts boost CAD. GBP remains plagued by Brexit concerns.
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Sterling (GBP) Week Ahead: Brexit Weighs Heavily on GBP | Webinar
A range of Brexit concerns continue to drag Sterling lower and there is no respite expected ahead of next week's vote in Parliament.
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Weekly Fundamental Forecast: Markets Start a New Month with G20, Brexit, Euro-Area Stability and Fed Policy All Under Scrutiny
Though the capital and forex markets generally held back from systemic trends this past month, volatility was practically overflowing through the period. The typical ‘quiet December’ assumption will be put to the test against a laundry list of critical, unresolved fundamental threats. Traders should not be complacent.
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S&P 500 and Dow Jones Outlook: US-China Trade War Truce Sparks Rally
Risk sentiment has been buoyed amid the trade war truce between the US and China, following the G20 summit.
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US Crude Oil Price Breaks Higher, May Rally Further
The price of US crude oil has clambered out of a downward channel in place on the daily chart since early October; a positive signal after a series of constructive developments for the commodity.
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Weekly CoT Update for Gold, GBP/USD, and Other Major Markets
No real jump-off-the-page one-week changes, but it is worth noting that large speculators are covering GBP into weakness at an unusual rate, while gold traders remain relatively bearish by historical standards.
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Brexit Latest: Sterling Weakens as MPs Demand Full Legal Brexit Disclosure
MPs from both sides of the House are demanding that UK PM May release the full legal advice of her Brexit deal to allay fears that the UK may be trapped within the EU’s custom union.
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CAD Soars as Canada Announces Unprecendented Measures
The Canadian Dollar has surged as Canada announces unprecendented measures, while US-China trade truce also buoys risk appetitie.
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AUSUSD: Trade Tariff Rally Brings Resistance into View
AUSUSD jumps at the start of the European session after the US dials back tariff threats and announces a 90-day trade ceasefire.
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USD Price Dip on US-China Trade Ceasfire Could be Brief
The US Dollar is modestly weaker in Europe Monday on the truce in the US-China trade war but it could well rally in the days ahead as traders ponder whether hostilities have really ended.
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Sunday, 2 December 2018
Asian Stocks Gain On US, China G20 Trade Breakthrough, Oil Soars
Asian equities loudly cheered the 90-day trade ceasefire announced by the US and China at their G20 meet in Argentina. The two countries must now deliver though, if these gains are to stick
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Crude Oil Prices Gap, Rise. Russia, Saudi Arabia Eye Output Cuts
Crude Oil prices gapped higher and extended gains after news of Russia and Saudi Arabia’s plan to cut oil production in 2019 crossed the wires over the weekend at the G20 Summit.
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G20 Drives Australian Dollar Trade Despite Plentiful Local Data
The Australian Dollar market remained focused on the trade thaw negotiated between China and the US, to the clear exclusion of Monday’s regional data
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Risk Assets Cheer G20 Trade Ceasefire But Need Lasting Trade Peace
Equity markets and growth currencies like the Australian Dollar look set to gain on the good news from Argentina, but the trade truce between China and the US is only a start
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Equities, AUD Set to Gap Higher On US-China Trade Truce at G-20
The Australian Dollar rallied against the greenback on news that the US and China reached a trade agreement at the G-20 summit, with stocks following suit.
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Stocks, FX Eye G20 US China Trade Talks. Deep Volatility May Come
December trading may begin with intense volatility if hopes of a G20 US China trade resolution shatter, igniting risk aversion. Otherwise, AUD, NZD and stocks could gain as USD falls.
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Gold Forecast: Bulls and Bears Continue to Tussle - Key Levels
The recent sharp drop in energy prices undermines a key appeal of Gold in the near-term.
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Euro Forecast: After G20 Summit, Attention Returns to Italy’s Budget
With only one ‘high’ rated event on the economic calendar this week, attention will be mainly centered around developments in the Italian debt crisis.
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Weekly Fundamental Forecast: Markets Start a New Month with G20, Brexit, Euro-Area Stability and Fed Policy All Under Scrutiny
Though the capital and forex markets generally held back from systemic trends this past month, volatility was practically overflowing through the period. The typical ‘quiet December’ assumption will be put to the test against a laundry list of critical, unresolved fundamental threats. Traders should not be complacent.
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