NZD/USD Anlaysis: Tests Weekly R1
The New Zealand Dollar surged by 41 pips or 0.63% against the US Dollar on Monday. The currency pair tested the weekly resistance level at 0.6579 during yesterday’s trading session. Everything being equal, the NZD/USD exchange rate could continue to...
RBA Left Monetary Policy Unchanged. Second Wave in Outbreak Signals Huge Downside Risks
As widely anticipated, RBA left the cash rate unchanged at 0.25%. It also maintained yield curve control, targeting 3-year government bond yield at 0.25%. While the members were more upbeat about the near-term recovery, they remained cautious about the longer-term...
Reflation – Financial Markets Finally Buoyed By Positive Risk Sentiment
Market movers today Industrial production data due for Norway, Denmark and Germany today will be scrutinised to help gauge pace of economic recovery. Later today Fed’s Bostic, Daly and Barkin are speaking. The market will pick up on comments with...
Aussie Lower as Melbourne Back in Lockdown, RBA Stands Pat
Australian Dollar trades mildly lower today as Asian stocks outside China are paring gains. Also, as coronavirus virus cases surged again in Victoria state, Melbourne is back in lockdown. Meanwhile, RBA stands pat as widely expected and provide little inspirations....
Under-the-radar trend suggests market’s hot streak is just beginning
A summer rally may be underway. Economic forecaster Lakshman Achuthan cites a bullish, under-the-radar trend in a chart highlighting the firm’s special weekly leading index and S&P 500. “This is a fundamentally optimistic chart,” the Economic Cycle Research Institute co-founder...
Raphael Bostic, the Fed’s first Black branch president, says racism has economic impacts
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 The Federal Reserve has a role to play...
JP 225 Index Maintains Horizontal Mode
JP 225 stock index (Cash) appears may prolong its sideways crawl as the price stalled underneath the 22,825 upper bound of the range. Although the price found some footing on the 200-period simple moving average (SMA), the Ichimoku lines, the...
Stocks making the biggest moves midday: Uber, Spotify, Tesla, Dominion Energy, Zoom Video & more
A pedestrian walks by a sign in front of the Uber headquarters on May 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines midday Monday: Dominion Energy, Berkshire Hathaway — Berkshire Hathaway...
US: The Non-Manufacturing Sector Expands Again in June
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
Goldman lowers economic outlook as U.S. copes with rising coronavirus cases
Medical workers prepare to intubate a coronavirus disease (COVID-19) patient at the United Memorial Medical Center’s coronavirus disease (COVID-19) intensive care unit in Houston, Texas, U.S., June 29, 2020. Callaghan O’Hare | Reuters Rising coronavirus cases will limit growth in...
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