UK RETAIL SALES, US SENTIMENT DATA TO DRIVE MARKETS FRIDAY

The global financial markets will be clued in to the economic calendar on Friday, with investors anticipating high profile reports from both sides of the Atlantic.
Action begins at 07:00 GMT with a report on German producer inflation. The producer price index (PPI) is forecast to rise 0.2% in December, following a 0.1% increase the month before. In annualized terms, this …Read More

GROWTH OF CHINESE ECONOMY SUPPORTS THE AUSSIE

The EUR/USD price has restored some of the previously lost positions. Volatility remains high thanks to recent statements by ECB officials according to which the recent growth of the single currency may lead to the regulator considering actions in order to restrain its unreasonably strong rise. Statistics from the US housing market were mixed with building permits increasing to 1.30 …Read More

XAU/USD fluctuates in wider range

Following a minor period of consolidation during the first half of Tuesday, the bearish sentiment prevailed in the market and thus sent Gold down to the 1,332.00 area. Subsequently, the rate returned for a re-test of its four-month high of 1.344.03, but fell lower once again.

These increasing fluctuations demonstrate that Dollar bulls might have finally increased in strength. However, no …Read More