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Gold Prices React to Former Resistance Zone and Snap Bearish Series

Gold Price Talking Points Recent price action in gold raises the scope for a larger rebound as the precious metal snaps the series of lower highs and lows carried over from the previous week. Gold Prices React to Former Resistance Zone and Snap Bearish Series The near-term pullback in the price of gold appears to …

Asia Morning: Nothing Mickey Mouse About Disney

Wall Street steadied the equities ship overnight after another negative session in Asia, led higher by Walt Disney, which signed up an impressive 10 million subscribers to its new Disney+ streaming service in its first 24 hours. Its effect was to lift Wall Street, which was wobbling slightly after Federal Reserve Chairman Powell said in …

AUD/USD Hit by China Data Miss, Downtend May Deepen

Australian Dollar, China Industrial Production and Retail Sales Talking Points: China’s industrial production underwhelmed last month Retail sales did too but to a much lesser extent AUD/USD slid after the data, as did NZD/USD Join our analysts for live, interactive coverage of all major economic data at the DailyFX Webinars. We’d love to have you …

The Wall Street Journal: Shares of Yahoo Japan’s parent soar on acquisiti…

TOKYO — Two of Japan’s internet leaders — news and shopping site Yahoo Japan and chat app Line — are in talks over a combination that could expand SoftBank Group Corp.’s empire, the companies said Thursday. If completed, the deal could give SoftBank 9984, +0.82%   and its acquisitive chief executive, Masayoshi Son, a bigger …

China’s NBS: Economy faces many external uncertainties, downward pressure…

Following the releases of downbeat Chinese activity data, the spokesman for the country’s stats bureau, National Bureau of Statistics (NBS) highlighted the following key points. China’s economy faces many external uncertainties, downward pressure continues. Need efforts to achieve full-year employment target. Will resist downward economic pressure. Food price rise contributed 80% to China’s CPI growth. Pork …

Daily Markets Broadcast 2019-11-14

Daily Markets Broadcast 2019-11-14 Wall Street stalls as trade deal hits a snag Most US indices struggled to rally yesterday as reports circulated that the US-China Phase 1 deal had hit a snag. Discrepancies on China’s agricultural purchases were among the issues. Powell’s testimony on Capitol Hill had nothing new for markets. The Australian jobs …

AUD/USD extends south run as China data adds to Aussie disappointment

AUD/USD drops to a four week low after China’s data dump. Industrial Production, Retail Sales and Fixed Asset Investment all joined the earlier released downbeat Aussie employment data. Risk tone stays sluggish amid trade/political pessimism, Hong Kong unrest. China’s key statistics add to the AUD/USD pair traders’ disappointment during early Thursday. The quote stretches previous …

The Wall Street Journal: Trade talks hung up over China’s commitment to U…

Trade talks between the U.S. and China have hit a snag over farm purchases, as officials seek to lock down the limited trade deal President Trump outlined last month. Trump has said that China has agreed to buy up to $50 billion of soybeans, pork and other agricultural products from the U.S. annually. But China …