Sterling Maintains Gain after Strong Rally, New Zealand Dollar Dives on RBNZ Expectations
Sterling rises sharply overnight and stays firm in Asian session today. The Pound was lifted by improved chance for Conservative win in the upcoming election. Yet, there is no sign of a clear majority for pushing through the Brexit deal....
GBP/USD Breaks Key Resistance But Can It Continue Higher?
Key Highlights The British Pound started a decent recovery above 1.2850 against the US Dollar. GBP/USD surpassed a key bearish trend line at 1.2835 on the 4-hours chart. UK’s GDP grew 0.3% in Q3 2019 (Preliminary) (QoQ), better than the...
Stocks Drift Lower On Weak Volume, Bolivia’s Impact, Oil And Gold Decline
US stocks appear stuck in a holding pattern until we get a meaningful trade update. Stocks drifted lower on Monday’s lack of liquidity due to the Veteran’s day holiday and President Trump’s weekend comment that there had been “incorrect” reporting...
China could launch its own digital currency in the next 2-3 months, predicts investor
China could start rolling out its digital currency as early as the next two to three months, predicted the managing partner of an investment firm backed by Foxconn Technology Group. China has developed a framework called the Digital Currency Electronic...
UK Jobs and Inflation Next after Weaker GDP but Sterling May be Indifferent
Sterling drifted lower after two out of nine MPC members voted for an immediate rate cut on Thursday at the Bank of England’s policy meeting, increasing speculation that the British central bank could finally join the dovish camp. Following Monday’s disappointing...
Crude Going Down Again
Early in another November week, the oil market is going down againб but it is evident that investors just can’t decide on a more promising direction on a global scale. Currently, Brent is trading at 61.81 USD. The statistics published...
RBNZ Preview – Market Divided over Another Rate Cut Move This Week
The market remains divided over whether RBNZ would lower the OCR this week. Back in August, the market had fully priced in a rate cut of -25 bps. Yet, the central bank surprised with a -50 bps reduction, sending the...
USDJPY 108.20 Possible
The US dollar is on the defensive against the Japanese yen currency as market sentiment remains cautious in early week trade. The USDJPY pair has found strong technical resistance from the 109.50 level and could experience a deeper pullback towards...
Q3 earnings results show credit risk appetite among Brazil’s banks
Brazil’s private sector banks are firmly in ‘risk-on’ mode, after the third-quarter reporting season. The economy is expected to grow GDP a little under 1% this year, but the banks are anticipating stronger growth to come and are ramping-up their...
Yen Higher as Hong Kong Leads Risk Aversion
Yen surges broadly today as markets are back in risk averse mode, led by steep decline in Hong Kong stocks. On the other hand, Dollar and Australia are the weakest one for the moment. But some of the moves are...
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