S&P 500, U.S. NFP, RBA, OPEC Assembly, Gold, UK-EU Negotiations
Traders’ urge for food for threat publicity grew stronger final week. Regardless of Covid accelerating throughout key economies, vaccine headlines have underpinned bullish momentum. On the similar time, lingering worries over a contested U.S. election look like fading from the highlight.
Buying and selling quantity was gentle following the U.S. Thanksgiving vacation, however the S&P 500 and Nasdaq Composite closed at report highs. In the meantime, the US Dollar continued to battle as markets slide additional right into a risk-on stance. Regardless of the weaker Buck, anti-fiat gold prices collapsed to a four-month low. The development in treasured metals doubtless displays a current easing in dovishness throughout central banks.
UK-EU Brexit negotiations drove the Pound decrease towards the Euro with EUR/GBP rising to its highest stage since November 17. GBP/USD managed to realize 0.25% towards the weak Buck. One more week handed with negotiators failing to seek out widespread floor. The possibilities for a disorderly UKexit from…