Asia Morning: Gold Halts Sliding on Thanksgiving Holiday
Ming Lam November 27, 2020 12:55 AM
The USD Index Holds 92.00 Level...
On Thursday, U.S. financial markets were closed for the Thanksgiving holiday.
European stocks still lacked momentum. The Stoxx Europe 600 declined 0.12%, Germany's DAX was little changed, France's CAC 40 dipped 0.08% and the U.K.'s FTSE 100 dropped 0.44%.
Spot gold rebounded $8 (+0.46%) to $1,815 an ounce.
U.S. WTI crude futures (January) declined $0.72 (-1.58%) to $44.99 a barrel.
The forex market saw thin trading volumes during the Thanksgiving holiday. The ICE Dollar Index kept the key 92.00 level.
EUR/USD edged lower to 1.1913 from 1.1917 Wednesday. Germany's GfK Consumer Confidence Index slid to -6.7 for December (-4.9 expected). France's official Consumer Confidence Indicator declined to 90 in November (92 expected).
GBP/USD eased 0.13% to 1.3357 ending a four-session rally.
USD/JPY declined 0.19% to 104.26,
USD/CHF was down for a third day losing 0.18% to 0.9066.
AUD/USD held up at 0.7360.
USD/CAD added 0.08% to 1.3017.
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.