Most of the stocks are dealing with a stronger sense of the dollar ahead of reports on US GDP. The US Federal Reserve's recent economic survey, the Beige Book, will be published. The Department of Commerce will issue second readings of 3Q GDP (+ 1.9% annualized on predicted quarter), October long-term goods orders (-0.9% on the predicted month), personal income (+ 0.3% on the predicted month) and personal expenditure (+ 0.3% on the projected month).
Besides, in the week ended November 23, the labour department will investigate initial unemployment claims (221,000 expected). The Chicago PMI will be published by Market News International in November (47.0 expected).
Price of gold blinked red and fell to 1,456.05 by 0.1 per cent, primarily due to supportive talk news from Sino-US trade. During the European opening, gold futures slipped 0.1 per cent to $1,463.05 for trade. The decline came as international risk-on appetite strengthened in the face of news that a telephone conversation was conducted taking Monday between leading trade negotiators from the US and China. According to the press in China, "they had reached a consensus on properly addressing the latest issues."
On the other hand, US President Donald Trump is looking for the phase-one agreement with China even after Beijing's press statements that criticized the US for unequal behaviour.
However, US President Donald Trump's recent trade reports saying "we're very close to agreeing with China, and it had to be strong," are also weighing on the yellow metal gold prices.
Gold-XAU / USD-Daily Market Sentiment Traders, the valuable metal traded at 1,456 with a bearish bias, especially after developing three black crosses below 50 EMA resistance area of 1,464.
Looking at the 240-minute map, gold is heading south as over faded safe-haven attraction, and today 1,453 area is very likely to be checked. Look for selling deals below 1,460 today's target area of 1,456.
Since setting a top of 1.33161 and a low of 1.32690, USD / CAD closed at 1.32711. Generally that day, the pair trend stayed Bearish.
Tuesday's growing Crude Oil prices gave commodity-linked Loonie strength and weighed on prices for USD / CAD. At 18:30 GMT, Canada's Corporate Revenue showed a fall from the previous 5.2% to 0.4% in this period.
After depositing a 0.67951 high and a 0.67677 low, the AUD / USD pair closed at 0.67870. Generally, the pair's tone that day stayed bullish. Tuesday's Aussie pair soared to 0.6790 points in the wake of the greenback fall against the counter currency.
Australia's Reserve Bank Governor Phillip Lowe delivered a speech in Sydney on Tuesday. He said RBA could generate money to purchase government bonds to boost the economy in the event of funds running out.
Lowe said quantitative easing could further benefit if the economy struggled to raise further interest rate cuts and fiscal stimulus. He also noted that at this point this was not the goal.
Tags : US GDP Data, Donald Trump,