ASX 200, Hang Seng Index Eye China Trade Data. S&P 500 on the Defensive

The S&P 500 index rose slightly overnight, led by defensive sectors including utilities, real estate and information technology. Asia-Pacific investors eye China’s trade balance for clues on a reco…

from DailyFX – Market News https://bit.ly/2LwEhkX
via IFTTT

AUD/NZD Aims Higher with Chinese Economic Data in Focus

Treasury yields fell after strong auction demand on the 30-year bond as Wall Street moved higher. Meanwhile, AUD/NZD may be poised for further upside with bullish technical signals on the horizon.

from DailyFX – Market News https://bit.ly/2LygRfd
via IFTTT

US Dollar Outlook: USD Price Action Eyes Biden Stimulus Proposal

The broader US Dollar edged higher on Wednesday despite a deeper pullback in Treasury yields. USD price action turns to president-elect Biden who is due to release details of his fiscal stimulus pl…

from DailyFX – Market News https://bit.ly/3bBUnV3
via IFTTT

Gold Price Forecast: Rising Yields Threaten XAU/USD as Technicals Sour

Gold has seen a prolonged decline since its August peak, establishing a series of lower highs and lower lows in the process. As treasury yields rise, gold may lose some of its remaining luster.

from DailyFX – Market News https://bit.ly/2LMNqWq
via IFTTT