Dollar Weakened Broadly as Fed Seeks Patience, Government Shutdown Continues
Dollar is turning mixed in Asian session today, but it remains the weakest one for the week. The greenback was knocked down by a wave of cautious comments from Fed officials, as well as the FOMC minutes. In short, Fed...
BOC Pushed Back Timing for Next Rate Hike, Trimmed GDP Growth and Inflation Forecasts for 2019
As we expected, BOC left the policy rate unchanged at 1.75% in yesterday. Policymakers admitted that the decline in oil price has “material” impact on the economy. Yet, they viewed the impact as transitory. Reflecting the view on economy projections,...
Market Morning Briefing: Pound Is Trading Just Below 1.28
STOCKS Most Equity indices have rallied well over this week and are testing near term Resistances. We could see a near term dip because of that, but the longer term could be bullish. The Dow (23879, +91.67, +0.39%) saw a...
US Dollar Stumbles, Some Stormclouds
Speeches from various Fed members comprised a coordinated message of pausing rate hikes and the US dollar was the clear victim. The New Zealand dollar was the top performer, closely tracked by Gold on Wednesday, while EUR finally regained and...
FOMC Minutes: Did Markets Misread Powell’s Post-Fed Comments?
The minutes from each Federal Reserve meeting are released three weeks after the meeting itself, meaning that they’re generally stale under the best of circumstances. That sentiment is especially true this time around following the massive outbreak of volatility around...
Stocks making the biggest moves after hours: Bed Bath & Beyond, KB Home
Check out the companies making headlines after the bell: Bed Bath & Beyond shares soared more than 20 percent during after hours trading as the home-goods company reported it is ahead of its long-term financial goals and beat earnings estimates....
ECB Minutes Next in Line as Rate Differentials Keep Euro Resilient
The minutes of the latest ECB meeting, where policymakers officially decided to end QE, are due out on Thursday at 1230 GMT. Investors will look at how officials see the Eurozone’s growth prospects, and whether they are even more worried...
Japanese Yen Edges Higher as Consumer Income Climbs
USD/JPY has posted considerable losses on Wednesday. In the North American session, USD/JPY is trading at 108.22, down 0.48% on the day. In economic news, Japanese Average Cash Earnings jumped to 2.0% in November, up from 1.5% a month earlier....
NZD/USD: Resumes Recovery Strength, Bullish
NZDUSD resumes recovery strength as it eyes a move further higher towards the 0.6800 resistance zone. Above here will target the 0.6850 level where a break will turn attention to the 0.6900 level. A break of here will have to...
Global Markets Surge as US-China Trade Talks Ended Positively
Global stock markets are boosted by optimism over US-China trade negotiation. And commodity currencies ride on positive sentiment to strengthen broadly today. On the other hand, Yen is clearly under broad based pressure as risk aversion receded. It’s followed by...
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