NZD Surges on RBNZ Expectations, Dollar Rebound Short-Lived
Commodity currencies surge broadly today on the back of strong risk appetite, especially in Japan. New Zealand Dollar is additionally boosted after the government asked RBNZ to considering surging house prices in monetary policy moves. Dollar tried to rebound overnight,...
Market Morning Briefing: Euro Also Fluctuated Within 1.1906-1.18
STOCKS Trump’s administration beginning the power transition process and the news that Biden’s choice for the Treasury Secretary is Janet Yellen, former Fed Chair, is keeping the sentiment positive in the market. However, we retain our cautious stance as we...
‘No. 1’ thing preventing a dollar comeback is the virus surge, currency strategist says
It may take months for the dollar to stage a comeback. Brown Brothers Harriman’s Win Thin warns it will continue to weaken due to the surge in coronavirus cases. “What I’m focused on near-term is really the virus numbers and...
Buzz Back in the Markets
There’s a bit of a buzz back in the markets on Monday, as AstraZeneca and University of Oxford announced results of its vaccine trials. The light at the end of the tunnel is shining a little brighter this morning. The...
Sterling Accelerates Higher on Vaccine News, Dollar Resumes Selloff
Dollar’s selloff resumes today as stocks rallies on more positive news on coronavirus treatment. British drugmaker AstraZeneca said it’s vaccine could be around 90% effective, and as many as 200 millions doses could be ready by year end. The news also...
Stocks making the biggest moves in the premarket: Merck, Korn Ferry, Regeneron & more
Take a look at some of the biggest movers in the premarket: Merck (MRK) – Merck is buying privately-held drug maker OncoImmune for $425 million cash. OncoImmune is a developer of drugs designed to treat Covid-19, cancer and other diseases,...
Pound Still Has Hope
The British Pound is looking quite confident against the USD despite the Brexit complications and the fact that there is too little time left for negotiating the trade agreement. Of course, there is some progress but the question is whether...
NZD/USD Analysis: Pressure By 50– Hour SMA
The New Zealand Dollar edged higher by approximately 40 basis points or 0.69% against the US Dollar on Friday. The 50– hour simple moving average guided the currency pair during Friday’s trading session. Everything being equal, the exchange rate could...
Asia Stocks Starts The Week In The Green
Asia higher on vaccine hopes, stimulus talks Although Wall Street saw continued profit-taking push equities to a lower close on Friday, the US index futures have recouped much of those losses in Asia this morning. That has lifted equity markets...
Sterling Rises on Trade Deal News, Dollar Soft
Sterling opens the week on firm footing as lifted by UK’s trade deal with Canada. There’s also report on increasing expectation of a deal with EU to be sealed this week. New Zealand Dollar is also firm after strong Q3...
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