Alone in studio, Merlin takes a look at the inconceivable market rally which refuses to acknowledge a poor earnings season, and economic data. This transitions to a trade setup and analysis for the platinum futures, offering insight into risk management techniques.
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Editors’ Picks
GBP/USD extends losses below 1.2200 after UK Retail Sales data
GBP/USD has come under fresh selling pressure and accelerates decline below 1.2200 in Friday's European trading. The pair faces headwinds from the unexpected decline in the UK Retail Sales for December. Reusrgent US Dollar demand also weighs negatively on the pair.
EUR/USD keeps losses near 1.0300 as US Dollar rebounds
EUR/USD weakens to trade near 1.0300 in the early European session on Friday. The expectation of further rate cuts by the European Central Bank drags the Euro while the US Dollar finds its feet amid a cautious optimistic market mood. Mid-tier US data awaited.
Gold price moves away from one-month top amid renewed USD buying interest
Gold price edges lower on the last day of the week and for now, seems to have snapped a three-day winning streak to a one-month peak, around the $2,724-2,725 region touched on Thursday.
Bitcoin, Ethereum and Ripple show strength ahead of Trump’s inauguration
Bitcoin’s price continues to trade green, trading above $100,900 on Friday after rallying almost 7% so far this week. Ethereum and Ripple followed BTC’s footsteps and bounced after retesting key support levels earlier this week, all hinting at a rally ahead.
Eurozone industrial production ticked up in November
The slight 0.2% rise in production from October is insufficient to indicate a reversal of the two-year downward trend. Overall, the outlook for industry remains quite weak at the start of the year.
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