Blogs

The Pound Sterling extended its reigns over the United States Dollar (USD) this week, pushing GBP/USD to the highest level in three months above 1.2700.

Further weakness could put USD/JPY under extra downside pressure in the near term, suggest Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.

Gold price (XAU/USD) builds on its recent strong rally witnessed over the past three weeks or so and surges to a fresh record high, around the $2,144-2,145 region during the Asian session on Monday.

Considering advanced prints from CME Group for crude oil futures markets, open interest set aside two daily gains in a row and went down by round 3.5K contracts on Friday.

The Euro has trimmed some losses during Monday’s Asian session with investors taking profits after having depreciated more than 2% in the last two weeks.

In the past two years, Coca-Cola (NYSE: KO) has grappled with a challenging business landscape.

The US Dollar’s mild recovery attempt seen early on Monday has found support right below the 0.8760 resistance area, which leaves the pair treading water near four-month lows.

Gold prices rose in India on Monday, according to data from India's Multi Commodity Exchange (MCX).

In the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, further gains could lift AUD/USD to the 0.6745 zone in the short-term horizon.

The Eurozone Sentix Investor Confidence Index improved to -16.8 in December from -18.6 in November, the latest survey showed on Monday.