VIP Analysis report 26/11/2021 by Peter Cruz

Mr. Peter

Anggota Staf
Analyst: Peter Cruz

Market Brief

Gold is consolidating following a heavy fall on the back of USD strength. The greenback is drifting and lacks momentum, so eyes scan the forex board for clues. Gold was little changed, with markets closed for Thanksgiving but remains heavy following the renomination of Jerome Powell as a hawkish move.

On the data slate there’s German Import Price Index; Switzerland Employment Level; Euro-Zone ECB’s President Lagarde Speech; Switzerland GDP; Euro-Zone ECB’s Schnabel Speech; Euro-Zone M3 Money Supply; Euro-Zone Private Loans; Euro-Zone ECB’s Panetta Speech and US Baker Hughes US Oil Rig Count.

(a) Precious Metals Market

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