Ed Moya - Senior Market Analyst at OANDA – Thu 2 Jan, 2020

Comments on China Stimulus, European Data, Oil, and Gold

Ed Moya joins me today to recap a couple key news events today out of China and European data. Both of these events are supportive of risk on assets. We also look tot he recent in moves in oil, gold and how the US dollar is contributing.

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  1. On January 2, 2020 at 7:04 pm,
    Excelsior says:

    In after hours trading:

    > Gold – $1541

    > Silver – $18.17

    PMs still trending higher into the Q1 Run.

  2. On January 2, 2020 at 7:21 pm,
    Excelsior says:

    U.A.E. Nuclear Plant to Be Operational in 1Q 2020, Ittihad Says

    By Mahmoud Habboush and Abeer Abu Omar – December 31, 2019

    “The Arab world’s first commercial nuclear plant should start operating in the first quarter of 2020, Abu Dhabi government-owned newspaper Al-Ittihad reported, citing the Emirates Nuclear Energy Corp.”


    • On January 2, 2020 at 7:38 pm,
      Excelsior says:

      Russia’s “Chernobyl On Ice” Gets A Major Lifeline

      By Haley Zaremba – Jan 02, 2020

      “Last week Russia made history by flipping the power switch on the “Akademik Lomonosov,” a cutting-edge nuclear power plant afloat in the Arctic Ocean. While the project has been highly criticized by some detractors, with some even referring to the Akademik Lomonosov program as “Chernobyl on ice,” the plant’s first week has been successfully uneventful, with the first electricity produced by the plant being used to light a Christmas tree in a symbolic gesture.”