RBNZ Unanimously Left OCR at 1%. Rate Cuts Next Yet Still Likely
RBNZ left the OCR unchanged at 1% in October. The members acknowledged that inflation stayed below the midpoint of the 2% target and inflation forecasts have declined. Yet, they believe previous monetary easing should lift the price level back to...
Gold Price Moves Further Into The Red Zone
Key Highlights Gold price is declining and it recently traded below $1,460 against the US Dollar. A key bearish trend line is forming with resistance near $1,462 on the 4-hours chart of XAU/USD. UK’s ILO Unemployment rate declined from 3.9%...
All those Singles Day packages show the real battleground for China’s online shopping giants
A JD delivery cart stops at roadside. Zhang Peng | LightRocket | Getty Images BEIJING – Alibaba, JD.com and Pinduoduo. For these three forces of China’s online shopping market, winning the race to tap the country’s fastest-growing regions will depend...
Rally just getting started and stocks could gain more than 20% from here, chart analysis shows
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images The S&P 500 could surge in a powerful...
Mighty Dollar Eyes Powell’s Testimony and US Data
It’s going to be a busy week in America, with the latest CPI inflation figures hitting the markets at 13:30 GMT on Wednesday, before retail sales data are released on Friday. Two separate testimonies by Fed chief Jay Powell before...
USD/JPY Looks Ready for a Pickup in Volatility
Over the last two days the FX markets have been fairly quiet as they wait for the next catalyst to offer some direction. However, it’s not just been the last two days that volatility has slowed! My colleague Ken provided...
Dollar Higher Awaiting Trump’s Trade Speech, Sterling Pares Gains after Job Data
The financial markets are relatively quiet today. Global stocks are generally higher but gains are limited. Treasury yields are mixed with US benchmark 10-year yield mildly lower while Germany 10-year yield is mildly higher. Dollar is currently the strongest one...
EU’s anti-money laundering body finally takes shape
The European Union is finally moving to seal a gaping chasm in the internal market’s institutional makeup, with a new anti-money laundering authority, and a common structure for financial intelligence-gathering. In a sign of the political tests the new powers...
Stocks on Gold ahead of Trump, ZEW Expectations, Oil Rises, Gold Steady
US stocks appear on hold ahead of President Donald Trump’s speech before the Economic Club of New York. Markets are eagerly awaiting his latest update on trade with both the Europeans and Chinese. Trump is widely expected to hold off...
EUR/GBP Outlook: Bias Remains With Bears Despite Failure To Close Below 3-Week Range Floor
The cross is consolidating above new multi-month low at 0.8557, posted on Monday, with near-term action being slightly underpinned by unexpected improvement in German ZEW figure (Nov -2.1 vs -13.2 f/c, but the indicator remains in negative territory) and mixed...
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