Euro Extends Its Gains In The Asian Session
For the 24 hours to 23:00 GMT, the EUR rose 0.51% against the USD and closed at 1.1333. In the US data indicated that the US NFIB small business optimism index dropped to a two-year low level of 101.2 in...
British Pound Trading Higher In The Morning Session
For the 24 hours to 23:00 GMT, the GBP rose 0.28% against the USD and closed at 1.2894. The Bank of England Governor, Mark Carney warned that a no-deal Brexit would create an “economic shock”. Hence, he urged MPs to...
Yen & Dollar Tumbles on US-China Trade Optimism, Kiwi Surges on RBNZ
Strong risk appetite dominates the financial markets today. Investors are getting more optimistic on US-China trade negotiations, with another round of talks happening in Beijing now. Both sides seem to express more desire to make a deal. Trump hinted that...
NZD Jumped although RBNZ Postponed Timing of Rate Hike (At Least Not Expecting a Cut)
Kiwi rallied although RBNZ left the OCR unchanged at 1.75% as anticipated. The central bank did turn slightly more dovish than in November but the market had expected more. The central bank indicated that “the tailwinds to growth have eased”...
The US trade deficit with China ‘will reverse’ in the long term, Alibaba co-founder says
Alibaba co-founder Joseph Tsai told CNBC on Tuesday that the “structural issue” of the United States’ trade gap with China will reverse itself as the Chinese ramp up imports. The trade deficit will shrink once the Chinese government begins purchasing...
Stocks making the biggest moves after hours: Activision Blizzard, TripAdvisor, Akamai and more
Check out the companies making headlines after the bell: Shares of Activision Blizzard were volatile in extending trading Tuesday following a mixed fourth-quarter earnings report and weak outlooks for both the first quarter and full year. The stock initially fell...
For the IRS, government shutdown ‘could not have come at a worse time,’ report says
The longest government shutdown in history could not have come at a worse time for the IRS, the National Taxpayer Advocate has told Congress. The IRS was heading into its first filing season under the massive new tax law when...
USD/CHF Nearing a Make-or-Break Test of Resistance
If you had checked USD/CHF’s exchange rate at Friday’s close and a mere 30 minutes after Monday’s open, you wouldn’t think anything was amiss…at least if you didn’t have any stop losses within 100 pips! As the charts show (and...
RBNZ May Appear Dovish, But Not Enough to Satisfy the Bears
The Reserve Bank of New Zealand (RBNZ) will conclude its policy meeting on Wednesday, at 0100 GMT. Governor Orr will hold a press conference an hour later. In the wake of some disappointing employment data, traders have sharply ramped up...
Reserve Bank of New Zealand (RBNZ) – What to Expect
The Reserve Bank of New Zealand is expected to keep its benchmark interest rate at +1.75% this evening (08:00 pm ET). Many expect Governor Orr to join the RBA with a more “dovish” statement this go around, and in contrast...
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