Author: admin

NZD/USD is directionless just above last week’s cyclical low of 0.5683. New Zealand Q3 CPI was mixed, BBH FX analysts report.

USD/CNH is stable around 7.1260 and the Hang Seng China Enterprises Index rose 2.4%. The Central Committee of the Communist Party kicked off its four-day conclave – known as the Fourth Plenum – to set the nation’s economic and technological goals over the next five years.

USD/JPY recovered to 150.75 after dropping briefly under 149.50 on Friday, BBH FX analysts report.

This week, the EU heads of state and government are gathering in Brussels. A central topic of discussion will be the European Union’s rearmament efforts, aiming for Europe to be fully defense-capable, i.e. militarily independent from the United States by 2030.

Gold price (XAU/USD) trades in a tight range around $4,250.00 during the European trading session on Monday. The precious metal stabilizes after Friday’s corrective move, which pushed it lower from the all-time high of $4,380 to near $4,200.

Auto executives, insiders and analysts told CNBC things aren’t as bad as they once feared, and some of the most dire predictions haven’t come to pass.

The US Dollar (USD) is trading near the middle of its multi-month range as markets price a more dovish Fed easing trajectory.

Concerns about the health of regional banks and the broader quality of credit in the US remain very central for FX markets, ING’s FX analyst Francesco Pesole notes.

As mentioned before, don’t hold your breath on meetings such as this one. It’s clear that China played this ace card as a way to control the narrative before the upcoming meeting between Trump and Xi in South Korea. That sets the tone for measured optimism and not for the Trump to bully his way out of this one.

The EU and other countries are caught in the crossfire of it all and Beijing definitely knows that. However, that’s the price to pay as the trade conflict continues to brew between the US and China – no matter what “deal” they claim to be making.

This article was written by Justin Low at investinglive.com.