Highlights:

Market Summary:

Market

Chart of the Day: Volatility bounced off support and is back at the 200-day moving average. Is this the start of another volatility spike? With positioning so heavily short the VIX, we better hope not.

VIX

 

Futures Summary:

Indices

 

News from Bloomberg:

President Trump signaled he would be willing to wait for another year before striking a trade agreement with China, roiling global markets. He told reporters in London he has no deadline for a potential pact and added in some ways it's better to wait until after the 2020 election. Here's a look at what happens to markets if U.S. tariffs on China kick in on Dec. 15.

U.S. stock-futures tumbled with shares in Europe and Asia as investors weighed Trump's comments. Treasuries rose with oil and gold. The dollar was little changed. The Aussie dollar climbed after the Reserve Bank of Australia left rates unchanged and said some global risks have eased.

More trade news: China may soon name U.S. companies on a list of "unreliable entities" as it responds to what it sees as meddling in its internal affairs. A bill signed by Trump backing Hong Kong protests infuriated Beijing and another sponsored by Marco Rubio to sanction officials involved in alleged abuses of Uighur Muslims led China to speed up publication of the list, the Global Times said. This is a look at how blacklisting companies became a trade war weapon.

The NATO wrangling kicked off with Trump saying President Macron was "very disrespectful" for calling the alliance "brain dead." The two leaders meet today. Trump praised the alliance, saying it served a great purpose—a sea-change from his previous criticisms. He also promised to avoid of commenting on the U.K. election, saying he didn't want to complicate it.

In further U.S.-France tensions, their trade tiff deepened. France said the EU will retaliate if the U.S. slaps tariffs on $2.4 billion of its products, including sparkling wine, cheeses, handbags and makeup. The U.S. threat is payback for a French tax on online revenue that hits Google, Apple, Facebook and Amazon. The U.S. is also looking at digital taxes imposed by Austria, Italy and Turkey.

WealthShield is a division of Emerald Investment Partners, an SEC Registered Investment Advisor. Advisory services are only offered to clients or prospective clients where WealthShield and it’s representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by WealthShield unless a client service agreement is in place. Before investing, consider your investment objectives and WealthShield’s charges and expenses.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD bounces after upbeat COVID-19 cure news

EUR/USD is trading above 1.13, rebounding from the lows. Gilead reported that its drug Remdesevir substantially reduces mortality among COVID-19 patients. The news boosted stocks and weighed on the dollar. US coronavirus statistics are due out.

EUR/USD News

GBP/USD recaptures 1.26 as the market mood improves

GBP/USD is trading above 1.26 as the market mood improves and the safe-haven dollar retreats. Investors are shrugging off Brexit concerns and focusing on hopes to cure coronavirus. US COVID-19 statistics are due out.

GBP/USD News

XAU/USD consolidates daily gains above $1,800

After advancing to its highest level since September of 2011 at $1,818 on Wednesday, the XAU/USD pair staged a correction and briefly dropped below $1,800 on Thursday.

Gold News

Cryptocurrencies: War for dominance hit the bedrock of the market

Bitcoin tried to regain market share and activated sales in the Altcoin segment. BTC/USD, ETH/USD and XRP/USD are looking for supports and a rebound to push them to new elative highs. The current compression on the XRP/USD chart could trigger an exploding movement.

Read more

WTI once again breaks $40 per barrel after trading lower in early EU trade

There has been quite the bounce in WTI since the EU session after some strong selling pressure during Thursday and overnight. Once again on Friday's session, the price has taken the USD 40 per barrel handle. 

Oil News

Forex Majors

Cryptocurrencies

Signatures