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The risk appetite could return with oil prices bouncing up

Discussion in 'Current Market Sentiments' started by fx-recommends, Jan 13, 2016.

  1. fx-recommends

    fx-recommends Content Contributor

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    The risk appetite rebound which started during yesterday US session could be extended into the Asian session with lower USD/CNY exchange rate fix at 6.563, after yesterday closing at 6.5756, after Dec Chinese Trade Balance has shown $60.9b surplus, while the market was waiting for $53b, after $54.1b in November

    Shanghai composite could have a higher place above 3000 trading currently near 3050, while Nikkei 225 could gain back more than 450 points with USDJPY ability to maintain a place above 118, after massive falling in the beginning of the week to 116.67.

    The investors have been encouraged by final rebound of WTI from trading near $30 to be trading current below but close to $31, with lower demand for safe haven sent the gold lower to be trading close to $1085 per ounce.

    The cable could attract the Forex market attention by rebounding to 1.4450 level, after falling to 1.435 undermined by monthly retreating of Nov UK industrial productions by 0.7% and also monthly decreasing of UK manufacturing productions in November by 0.4%.


    Have a good day

    Walid Salah El din
    Senior Market Analyst
    Skype : chief.economist.walid

    walid.s@trade-24.com
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