Financial News

French industrial production rebounds slightly in September, output drops in Q3 2019

French industrial production rebounded in September. Sequentially, the industrial production grew 0.3 percent, following the fall of 0.9 percent in the prior month. The manufacturing industry recovered, growing 0.6 percent after falling 0.8 percent in August.

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FxWirePro: Golds ITM Calls on Mounting Resilience and Bullish OTC Bullion

Gold price is suffering its worst week in more than three years, and Gold CFDs lost over -3.69% or $56 an ounce, currently trading $1,458.60 levels.

Looking into next year though, a Fed on hold would add significant downside risk to our bullish outlook on gold prices assuming that the US macro environment remains consistent with a mid-cycle adjustment (resilience in employments and consumer spending, rebound in manufacturing).

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German exports grow in September, foreign trade surplus rises

The German Federal Statistical Office reported that the nation’s exports rose 4.6 percent on a year-on-year basis in September, whereas imports grew 2.3 percent. On a seasonally adjusted basis, exports grew 1.5 percent sequentially, whereas imports rose 1.3 percent.

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Australian owner-occupier lending rises in September, may exert upward pressure on household debt

Australian owner-occupiers continued to drive housing finance demand up. On a sequential basis, owner-occupier lending grew 3.2 percent in September ex refinancing. This is the fourth straight monthly solid result. On a year-on-year basis, it rose 5.6 percent, the first positive result since mid-2018.

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FxWirePro: Precious Yellow Metals Price Dynamics and Optionality For The Upside Traction

Gold prices ended last week up nearly $10/oz (+0.7%) despite the Fed signalling an end to its “insurance” easing cycle and the October US employment report coming in much better than expected.

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