GER30 Starts the Day with Positive Undertone
Risk-off sentiment was prevalent during the Asia-Pacific session after China’s increased consumer and factory inflation, but European traders enter in better mood
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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Risk-off sentiment was prevalent during the Asia-Pacific session after China’s increased consumer and factory inflation, but European traders enter in better mood
The pair struggled for direction yesterday as markets lacked conviction and risk tones were mixed, but today it slides, as risk-off mood prevailed during the Asia-Pacific session
North American traders seek the US Dollar, which puts pressure on XAU/USD, following the de-escalation in US Producer Price Index and Mr. Powell’s focus on employment
Last month was its first negative one since May and despite a solid start in November, the pair is range-bound this week and lacks conviction, as investors appear to wait for the US CPI inflation data on Wednesday
The share price of Ford Motor Company hit the $20 mark for the first time in more than 20 years, with F.us registering a staggering nearly 130% year-to-date rally, as investors appear to like its recent turnaround plan under the new CEO
The Eurodollar started the day on a solid footing, following its post-NFP’s rebound, but it comes under pressure during the start of the European session
The US Dollar is weighed today by the decline in US 10Year Yields, but the Aussie struggles to benefit
The pair started the week on the back foot and as the US markets open, it faces more selling pressure and deepens its correction, after the multiyear highs of October
The EV maker releases its financial results for the third quarter of the year, on Tuesday November 9 after US markets close, with its stock having registered a decline during that period
September and November were the only months of this year, during which GER0 failed to register new all-time highs, but last week, it returned to its usual mode and set new records
The commodity comes from two negative weeks, but starts the current one on the offensive, helped by the infrastructure bill that was passed by US Congress over the weekend
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