The U.S. non-farm payrolls grew more than expected in November. However, markets appeared to be sticking to the Federal Reserve’s message of 50 basis points hike.
However, the greenback found support from the employment readings while the dollar index traded this morning right at 104. Gold started a steady week despite the strong economic data to trade above $1,800 per ounce.
On the other hand, crude oil gained over 2% this morning as China relaxed its COVID policy, with expectations that OPEC+ might maintain its current production levels. WTI traded above $81.50 while Brent trades above $87.40 per barrel.
This material provides real-time market analysis from contributing analysts. Please note that any views expressed in this material do not constitute operational advice. It is important to assess your risk tolerance and make independent trading decisions. STARTRADER holds no responsibility for any trading consequences that may arise from relying on the views expressed in this material.
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEError! Please try again.