The single currency is navigating in a narrow range at the beginning of the week, taking the EUR/USD to the area around the key level at 1.3700. The pair looks set to keep the buoyant tone after the positive data from the Chinese external sector, showing a stronger−then−expected trade surplus during November...
No Santa Claus' rally in Wall Street at least in the early December as investors are concerned about an imminent Fed's bond buying taper in December or January amid stronger than expected economic data.
Gold has been a major source of frustration for its loyal bullish cabal. Even as the US Dollar has been on the decline – despite higher US rates – gold and silver have just refused to show any bullish tendencies.
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