Note

Market Insights 11 January 2022

· Views 212

Gold extends two-day rebound from a monthly low, recently picking up bids. The bullion rose as markets braces for this week’s US inflation data and the US Treasury yields have been on the defensive despite the refreshing multi-day high of late.
AUD/USD renew the daily peak, as mixed data in Australia joins the market’s cautious optimism to challenge immediate moves during early Tuesday. December Retail Sales climbed past 3.9% forecasts and 4.9% prior to 7.3% MoM whereas the Trade Balance eased to 9423M versus 10600M expected and 11220M previous readouts. Risk appetite improves amid softer yields, hopes of faster economic transition and Omicron news.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.