GBP/AUD 4H Chart: Selling Signals
The British Pound has declined by 469 pips or 2.54% against the Australian Dollar since October 30. The currency pair breached the 50-, 100– and 200– period SMAs during this week’s trading sessions. Technical indicators suggest selling signals on the...
RBNZ Set To Launch New Lending Programme, Negative Rates May Have To Wait
The Reserve Bank of New Zealand is due to announce its latest policy decision on Wednesday (01:00 GMT) and will present its updated forecasts in the Monetary Policy Statement to be published at the same time. New Zealand’s economic prospects...
Markets Mixed as Vaccine Boost Fades, Dollar Support by Yields
The forex markets turned mixed in Asian session today as the boost from coronavirus vaccine faded quickly. The close in US stocks overnight was rather disappointing and DOW ended up just 2.95%. NASDAQ has indeed closed with -1.53% loss. In...
GBP/USD Facing Hurdles Near 1.3200, Gold Price Nosedives
Key Highlights In a statement, Pfizer Inc. stated its coronavirus vaccine prevented more than 90% of infections, sparking sharp moves in the market. Gold price declined over $1,000 from the $1,960 resistance area. EUR/USD reacted to the downside, as the...
Ant’s suspended IPO is a ‘sign of the times’ and ‘not an isolated case,’ says investor Mark Mobius
The suspension of Ant Group’s initial public offering (IPO) is a sign of the times, according to veteran investor Mark Mobius, who is the founder of Mobius Capital Partners. Ant, an affiliate of Jack Ma’s Alibaba, was all set for...
BoJ Monitoring Dollar/Yen Volatility
USD/JPY continues to show strong volatility. In Monday’s European session, the pair has climbed 1.51%, recovering all of last week’s losses. Currently, USD/JPY is trading at 104.94. The Japanese yen posted strong gains on Thursday, as the markets were in...
Yen Selling Takes Off as World in Euphoria on Coronavirus Vaccine News
The world, at least the financial markets part, is in euphoria today on news that tens of millions doses of coronavirus vaccine are ready this year, to pull it out of the coronavirus pandemic that took away over 1.2 millions...
Risk Appetite Continues Following US Election Projections
Notes/Observations US Election is rapidly entering the rear view mirror as uncertainty over the outcome has abated; focus to shift towards vaccine developments, and monetary and fiscal stimulus Biden’s victory in the US presidential election seen as likely support risk...
USD/CAD Decline Likely To Continue
The US Dollar declined by 66 pips or 0.51% against the Canadian Dollar on Friday. The currency pair was pressured lower by the 50– hour simple moving average during Friday’s trading session. As for the near future, bears are likely...
U.S.-China trade tensions won’t be going away under Biden’s administration
U.S. Vice President Joe Biden delivers remarks at the Strategic and Economic Dialogue (S&ED) at the State Department in Washington, U.S. June 23, 2015. Yuri Gripas | Reuters BEIJING — U.S.-China trade tensions are set for more predictability after Joe...
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