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Gold Commentary – Friday, December 1

Gold Commentary – Friday, December 1

Gold Near HighsGold prices are starting the final month of the year in the green today. The market enjoyed a solid rally across November and is now holding just below all-time highs ahead of today’s keenly awaited US manufacturing PMI. On the back of the recent drop off in US inflation and labour market readings […]
Two Trades To Watch: EUR/USD, Oil – Friday, Dec. 1

Two Trades To Watch: EUR/USD, Oil – Friday, Dec. 1

Image Source: Unsplash  EUR/USD struggles below 1.09 ahead of manufacturing data & Fed Chair Powell’s speech  Eurozone inflation cooled to 2.4%  US ISM manufacturing PMI & Fed Powell in focus  EUR/USD attempts to rise above 1.09  EUR/USD is recovering back above 1.09 after losses in the previous session. The euro came under pressure after euro zone inflation […]
A Slow Start To The Climate Transition For The Dutch Retail Sector

A Slow Start To The Climate Transition For The Dutch Retail Sector

Image Source: Pixabay  Just one-third of the largest Dutch retail chains have published concrete climate targets. To reduce CO2 emissions, retailers are now implementing energy-saving measures in their own activities. But ultimately, the retail sector must evolve towards a greater balance between sustainability and commerce than we’re currently seeing.  Few retail chains have published concrete climate goalsThe retail sector, just […]
Gold Forecast: December 2023

Gold Forecast: December 2023

At this point, it has become increasingly obvious that gold is in a bullish run, and November has seen more of the same. However, as we enter the month of December, we are at a major resistance barrier that has caused quite a few problems in the past. Because of this, I think you need […]
Median Household Income In October 2023

Median Household Income In October 2023

Political Calculations’ initial estimate of median household income in October 2023 is $76,588, an increase of $206 (or 0.27%) from the corrected initial estimate of $76,382 in September 2023.Thanks to the very slight dip in month-over-month inflation recorded in October 2023, the inflation-adjusted income of the typical American household rose by $211 in terms of constant October 2023 […]
Crude Oil Commentary – Friday, Dec. 1

Crude Oil Commentary – Friday, Dec. 1

Image Source: Unsplash  Supply Curbs ExtendedCrude prices have turned lower into the end of the week following yesterday’s OPEC+ meeting.  The market was widely expecting the group to announce an extension of current production restrictions through next year with some speculating that perhaps we might see a deepening of current cuts. However, reports of tensions within […]
Daily Market Outlook – Friday, Dec. 1

Daily Market Outlook – Friday, Dec. 1

Image Source: Pixabay  Asia – Asian-Pacific stocks had a relatively subdued start to the new month, experiencing limited movement as markets took a pause following the November rally. Economic releases and geopolitical developments, including the resumption of the conflict in Gaza, kept investors engaged.The Nikkei 225 index in Japan traded without a clear direction. Positive data […]
FX Daily: Short-Term Rates Argue Against Another Big USD Leg Lower

FX Daily: Short-Term Rates Argue Against Another Big USD Leg Lower

Image Source: Unsplash  OPEC+ and soft Eurozone inflation triggered a dollar rebound yesterday, but short-term rate spreads were already pointing to a weaker EUR/USD before then. Today, the focus will be on the US ISM manufacturing. Keep an eye out for Canadian jobs figures, too.  USD: Reality check for the dollar bearsIn yesterday’s FX Daily, we argued […]
Elliott Wave Technical Analysis Day Chart: U.S. Dollar/Swiss Franc – Friday, Dec. 1

Elliott Wave Technical Analysis Day Chart: U.S. Dollar/Swiss Franc – Friday, Dec. 1

 Photo by Claudio Schwarz on Unsplash  USDCHF Elliott Wave Analysis Trading Lounge Day Chart, 1 December 2023  U.S. Dollar/Swiss Franc(USDCHF) Day ChartUSDCHF Elliott Wave Technical AnalysisFunction: TrendMode: impulsive  Structure: blue wave 1Position:  Black wave 3Direction Next Higher Degrees: Blue wave 1(may started)Details: red wave 5 blue wave C of 2 looking completed between fib level 61.80 to 78.60. […]
Surprise Chicago PMI Read Shakes FX Market

Surprise Chicago PMI Read Shakes FX Market

Image source: Pixabay  Thursday’s booming Chicago PMI print caught the currency market off guard, forcing a repricing of Fed expectations. The data once again reinforces a higher for longer Fed policy trajectory, which in turn has moved yield differentials back in favor of the Buck.Video Length: 00:00:49More By This Author:The 3 Drivers Of Renewed Dollar Demand […]