Global macro overview for 16/11/2015:
Attacks in Paris sparked sell-offs in the Asian stocks and pushed the gold upward due to the global risk aversion. These events are likely to have a short-lived effect in the markets, but in the long-term they are more likely to re-ignite the political risks. Particularly, a double whammy took Japan's Nikkei 225 index down to its lowest level in about a week. Apart from the deadly attacks in Paris, traders also sitting on the sidelines after preliminary figures for Japan's gross domestic product in the third quarter, which showed the world's third-largest economy slipping back into recession. Elsewhere in the region, equity markets were in a sea of red after Monday's opening bell.
Gold spiked higher due to a "flight to safety" flows and now it is trading just below the technical resistance at the level of 1098. In case of a sustained bullish breakout, the next resistance is seen at the level of 1104.
For detail explanation and best discovery on daily market trends and news you may visit via Global macro overview for 16/11/2015 . Thanks for your support.
No comments:
Post a Comment