Moody's de Mexico (Moody's) changed today the outlook for the Municipality of Zapopan to negative from stable and affirmed its issuer ratings at Baa3/Aa3.mx (Global Scale, local currency/Mexico National Scale). At the same time, Moody's affirmed the A3/Aaa.mx (Global Scale, local currency/Mexico National Scale) debt ratings of the municipality's MXN 1,237 million enhanced loan from Banorte.
London stocks trade higher to start the week, led by shares of materials companies and a global markets that is moving higher on trade optimism.
Investing.com – U.S. futures were higher on Monday as investors wait for the outcome of trade talks between the U.S. and China.The S&P 500 futures rose 5 points, or 0.18%, to 2,857.25 as of 6:50 AM ET (10:50 GMT) while Dow futures were up 54 points, or 0.21%, to 25,728.0. Meanwhile tech heavy Nasdaq 100 futures increased 22 points, or 0.30%,to 7,410.0.American and Chinese officials are expected to talk in Washington on Wednesday and Thursday, shortly before new U.S. charges on Chinese goods take effect. ...
The foreign-exchange narrative early Monday is dominated by a weaker euro, as Italian public finances weigh on the shared European currency.
Investing.com - The U.S. dollar pushed higher against a currency basket on Monday, buoyed by expectations for trade talks that investors hope will ease tensions between the U.S. and China.
A modest USD uptick helps stall Friday’s Canadian CPI-led downfall as traders look forward to a speech by BOC’s Wilkins for some fresh impetus.
Investing.com - Gold prices gained while the dollar also edged up on Monday as trade war worries eased somewhat after reports over the weekend said U.S. President Donald Trump and Chinese leader Xi Jinping may meet in November to resolve intensifying trade disputes between the two countries.
Investing.com - Cryptocurrency prices advanced on Monday. Reports that Chinese e-commerce giant JD.com said it was launching a blockchain platform received some focus.
Investing.com - The Chinese yuan was little changed, while the dollar gained on Monday as traders awaited the outcome of the U.S.-China trade talks due later this week.
The short-squeeze is on. The CFTC data along with the liquidation in the SPDR Gold Trust market could be indications that gold is due for a turnaround due to oversold conditions. If the dollar weakens this week then look for gold to spike into at least $1205.90 to $1215.10. Don’t be surprised if short-sellers get squeezed enough to drive this market higher this week.
Gold & Silver are trading positive as investors focus on Sino-U.S trade talks while hoarding short volume of precious metals as they hit new lows early last week.
Risk-Off sentiment seeps into market over weekend proceedings while Brexit woes continue to pressure GBP resulting in GBPUSD pair trading downwards since trading started for the week.
EURO’s recovery move from over 13-month lows last week lost steam as market opened for the week weighed down by news of Italian budget plans which clash with EU putting USD bulls back in play.
Based on last week’s price action and the close at $1184.20, the direction of the December Comex Gold futures contract is likely to be determined by trader reaction to the long-term uptrending Gann angle at $1184.00.
Based on last week’s close at .7317 and the closing price reversal bottom, the direction of the AUD/USD this week is likely to be determined by trader reaction to last week’s high at .7320.
Based on last week’s close at 110.378, the longer-term direction of the USD/JPY this week is likely to be determined by trader reaction to the 50% level at 110.662 and the 61.8% level at 110.061.
A lack of data through the day will leave the markets focused on geo-political risk, a number of risks providing food for thought at the start of the week.
Based on last week’s price action and the prolonged move down, the direction of the NZD/USD is likely to be determined by trader reaction to the downtrending Gann angle at .6621 and the uptrending Gann angle at .6597.
Investing.com - Gold prices look likely to remain under pressure this week as a combination of a stronger dollar and higher Treasury yields make the precious metal less attractive to investors.
Investing.com - This week investors will get the chance on Wednesday to parse through the minutes of the Federal Reserve’s August meeting, when it left interest rates unchanged and indicated that it remains on track for additional rate hikes this year.
Looking at the price action since the last Bank of Japan monetary policy meeting and reading the BOJ minutes indicates the USD/JPY could be going through a transition period.
It’s a big week ahead for the markets and things could unravel should U.S China trade talks disappoint and FED Chair Powell raise concerns…
The Indian Rupee is just one of several emerging market currencies to come under pressure in the wake of the Turkish Lira’s collapse. However, the Rupee may be vulnerable to further weakness regardless of the weakness of the Lira.
The Aussie and Kiwi moved higher off their multi-year lows late in the week. Profit taking following a sell-off in risk currencies amid deteriorating risk sentiment helped underpin the Forex pairs. With the major fundamentals still bearish, any gains are likely to be limited this week. Nonetheless, improved risk appetite in reaction to stabilization in Turkey and a positive outcome from the trade talks between the U.S. and China, could underpin prices at times.