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Editors’ Picks
EUR/USD rises to 1.0650 area as US Dollar weakens
EUR/USD has gathered bullish momentum and climbed to the 1.0650 area in the American session on Tuesday. Despite the disappointing housing data from the US, Wall Street’s main indexes staged a rebound after the opening bell, weighing on the US Dollar.
USD/JPY extends slide, slumps below 132.00
USD/JPY extended its daily slide on renewed US Dollar weakness and dropped below 132.00 in the second half of the day. The BOJ’s unexpected tweak to its yield curve control strategy triggered a strong rally in the Japanese Yen, causing the pair to suffer heavy losses.
Gold gathers bullish momentum, rises toward $1,820
Gold price gained traction in the American session and climbed to a fresh weekly high near $1,820. Despite the 2% increase seen in the benchmark 10-year US T-bond yield following the BOJ event, the selling pressure surrounding the US Dollar fuels XAU/USD’s rally.
Can fear of recession cancel Santa rally?
Stock indexes are lower to start the week with little in the way of “new” information or headlines. Bulls have been hoping that typical seasonal tailwinds might help pull stocks higher through the end of the year.
