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The nominee hearings governor in Japan’s parliament for the next BoJ show Ueda toeing the dovish line. However, this may still result in a change to yield curve control in the coming weeks. For now, JPY has ticked slightly lower.
The drift of selling pressure on the USD has begun to unwind after the upside surprise in US growth. This is weighing on risk appetite for major markets.
In the wake of another Nonfarm Payrolls report that reflects the tightness in the US labour market, we have seen risk appetite plunging again and the USD strengthening.
12th November 2020
Gold – Fresh bearish break through flag pattern on intraday charts
Gold gained some positive traction on Tuesday, albeit struggled to capitalize on the move and faced (...)
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