Markets Consolidate ahead of Weekly Close, Kiwi Stays Strong
Markets turn into consolidative mode today as Dollar, Yen and Swiss Franc pare back some gains. Commodity currencies, on the other hand, are generally higher. Traders are taking some profits ahead of weekly close. Nevertheless, over the week, New Zealand...
Asia Morning: Stocks Holding Despite Yen Jitters
Aussie Stocks up despite USDJPY shakiness There were some jitters from USDJPY price action in early NY with the risk-on/risk-off proxy trading down to 108.3 from 108.7 levels. The move however was mostly ignored by S&P 500 Futures which manages...
Stocks making the biggest moves after hours: Farfetch, NVIDIA, Applied Materials & more
Online fashion house Farfetch’s CEO Jose Neves and members of the company’s leadership team ring the opening bell to celebrate their IPO at the New York Stock Exchange in New York, September 21, 2018. Brendan McDermid | Reuters Check out...
Origin seeks new funding to promote adoption of digital DCM
Two very different debt capital markets deals – one recently completed in Asia, the other earlier this summer in Europe – show how new financial technology is set to transform the primary markets. That is slowly, methodically and by concentrating...
Powell says he doesn’t see a ‘day of reckoning’ coming for the US anytime soon
Amid a roaring stock market and ever-increasing levels of corporate and government debt, Federal Reserve Chairman Jerome Powell said Thursday he does not see signs of bubbles brewing or immediate dangers being posed by trillion-dollar deficits. “If you look at...
EUR/GBP Outlook: Bears continue to gradually extend
The cross continues to move gradually lower after eventually breaking below the floor of month-long congestion and hit new low at 0.8550 (the lowest since 7 May). Strong bearish setup on daily/weekly chart studies signals further weakness, with strong supports...
Market Brief: Double Whammy for Aussie
At 13:10 GMT, the GBP was the strongest while the AUD remained the weakest: Safe-haven government bonds have resumed higher, pushing yields lower. This has helped to underpin low and noninterest-bearing assets such as the CHF, JPY and GOLD. –...
Yen Higher Following Weakness in Yields, Euro Mixed as Germany Avoided Recession
Yen, Swiss Franc and Dollar remain the strongest ones as Asia led risk aversion continues today. Additionally, treasury yields are back under pressure with some downside acceleration after US 10-year yield lost 1.9 while German 10-year yield lost -0.3. On...
EUR/USD Could Maintain Its Decline
Yesterday, the EUR/USD currency pair tried to surpass the psychological level at 1.1000. During Thursday morning, the pair was still testing the given level. Note that the exchange rate is pressured by the 55– and 100-hour moving averages, currently located...
Markets Curb Enthusiasm
Market movers today In the euro area, the German Q3 GDP print will be in focus today, confirming whether or not the economy has plunged into ‘technical recession’. GDP already contracted by -0.1% q/q in Q2 and PMIs took a...
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