China’s Efforts Make Virus Selloff Take a Day Off
China’s efforts make virus selloff take a day off, AUD rises post RBA, BOE bets price no cuts following construction data, Oil hits rock bottom, Gold falls Global indexes are positive, commodities are showing signs of life, yet the virus...
Stock market live updates: Dow up big, Tesla’s parabolic move, Alphabet missing out
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images This is a live blog. Check back for updates. 9:31 am:...
EURAUD Bears Face Big Challenge at 1.6430
EURAUD held in losses for the second day in a row after flirting with a fresh five-month peak of 1.6590. The drop to the 23.6% Fibonacci retracement level of the upward move from 1.5340 – 1.6790 and near the 1.6430...
Coronavirus: Dividend futures – the Nostradamus trade
Most European banks have indicated that they will suspend dividend payments after the Bank of England followed the European Central Bank in discouraging payouts to shareholders while the coronavirus crisis rages. The list of non-bank companies suspending their dividends is...
Yen and Franc Turns Softer as Markets Stabilized from Coronavirus Fears
Yen and Swiss Franc turn softer today as global markets rebound. China’s coronavirus seems to be suddenly off investors mind, at least temporarily. Meanwhile, Australian Dollar is the strongest one for today, as partly supported by RBA’s hold, as well...
Twitter Stock Pauses Above Uptrend Line, Loads For Next Direction
Twitter stock is currently consolidating around 32.68 – which is the 23.6% Fibonacci retracement of the down leg from 45.81 to 28.60 – capped by the 20-day simple moving average (SMA) and supported by the 50-day SMA and uptrend line...
Fed’s Bostic says new virus hasn’t changed his outlook
President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Clodagh Kilcoyne | Reuters China’s virus outbreak has prompted traders to begin...
Slight Improvement Sentiment, As Iowa Results Are Delayed
Market movers today The data calendar is pretty thin in terms of economic releases today. In Denmark, Danmarks Nationalbank (DN) is set to publish FX reserves data for January today at 17:00 CET. See details at the bottom of the...
RBA Left Cash Rate at 0.75%. Less Dovish on Growth Despite Headwinds
RBA left the cash rate unchanged at 0.75%. To our surprise, policymakers appeared more upbeat on the economic outlook than we had anticipated. While acknowledging uncertainty to growth mainly driven by bushfires and China’s coronavirus, the members adopt a wait-and-see...
Aussie Recovers as RBA Gives No Hint of Imminent Rate Cut
Australian Dollar recovers broadly today after RBA stands pat. More importantly, the central bank gives no hint of an imminent rate cut in the accompanying statement. It actually sounds quite comfortable with the current policy. Markets are relatively mixed elsewhere....