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Gold price analysis: XAU/USD hesitates near $1480/oz resistance

Gold is consolidating near three-week highs. The 1480/85 price zone is a critical resistance zone to watch. Gold daily chart Gold kicked off December with a bullish reversal to the 1480 resistance. Just above the level the 50 and 100-day simple moving averages (SMAs) are also...

Mnuchin: US/China negotiators held call on Thursday night, “actively working” towards a trade deal

US Treasury Secretary, Mnuchin, says US-Chinese deputy negotiators held a call on Thursday night and are “actively working” towards a trade deal. US-China trade talks are “on track” but not bound to a specific deadline. "We’re working as hard as we can. But the President said,...

USD/CAD trims losses but remains near monthly lows under 1.3200

Canadian dollar continues to outperform, supported by the BoC and higher crude oil prices. USD/CAD heads for lowest close in a month. The USD/CAD pair is falling on Thursday for the third day in a row, accumulating a decline of more than a hundred pips. During Thursday’s...

Novak says OPEC+ committee recommends excluding numbers on gas condensate from Russia’s oil output monitoring

Russian energy minister, Alexander Novak, says OPEC+ committee recommends excluding numbers on gas condensate from Russia's oil output monitoring. Says all OPEC+ members agree with recommendation on gas condensate. Production cuts by the Organization of the Petroleum...

AUD/USD price analysis: Australian dollar trading in a triangle pattern near 0.6830 level

The aussie is off daily lows after being under relative bearish pressure earlier in the session. The level to beat for sellers is the 0.6821/14 support zone. AUD/USD daily chart AUD/USD is trading in a downtrend below its 200-day simple moving average (DMA). However, the spot...

US Atlanta Fed GDPNow Q4: 1.5% (prev 1.3%)

The latest forecast from the GDPNow model estimate is out. The GDPNow model estimate for real Gross Domestic Product growth (seasonally adjusted annual rate) in the fourth quarter of 2019 is 1.5 percent on December 5, up from 1.3 percent on December 2. After this...

United States 4-Week Bill Auction dipped from previous 1.62% to 1.5%

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