Did the Santa Claus Rally Start Early? | The Motley Fool
And we've got two stocks worth watching: Docusign and EPR Properties.
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And we've got two stocks worth watching: Docusign and EPR Properties.
Gold price is testing a 10-day low of $1,995 set on Friday, seemingly vulnerable early Monday, as the Big Central Banks week kicks off.
Gold price (XAU/USD) fell over 1.5% intraday and touched a two-week trough on Friday following the release of stronger-than-expected employment details from the United States (US).
Markets look forward to tomorrow’s US November CPI inflation ahead of several central bank decisions, including the Fed (Wednesday), the ECB and the BoE (Thursday). In case of a soft US CPI, we look out if recent lows in yields hold. With respect to the Fed and ECB meetings dots/projections are key. We assume markets will see more than 50 bps expected Fed cuts by end 2024 as ‘confirming’ recent positioning. Question also is how much the ECB will lower its expected path for 2024 and 2025 inflation. A softening of both the Fed and ECB stance might bring the EUR/USD cross rate more in balan...
A significant move lower in USD/MXN did come to fruition in November.