ADP Misses, Biden to be Patient on China, UK Approves Pfizer Vaccine
US stocks held onto losses after the ADP employment report showed the labor market slowdown continues. It is hard to get excited stocks given the elevated levels and uncertainty over how much stimulus Congress will be able to deliver before...
GBPJPY Holds Bullish Hopes as Advances Deteriorate
GBPJPY retreated aggressively from a freshly logged high of 140.43 under the mid-Bollinger band, hitting the 50-period simple moving average (SMA) at 139.11. Nonetheless, safeguarding positive sentiment are the advancing simple moving averages (SMAs). The short-term oscillators are reflecting a...
Hiring falls off in November to slowest rate since July
Private payrolls grew at their slowest pace since July amid a deceleration in large business hiring for November, ADP’s monthly payrolls report said Wednesday. Companies hired 307,000 workers last month, well below the 475,000 estimate from a Dow Jones survey...
Sterling Hammered on Brexit Uncertainty, Swiss Franc Surges
Selloff in Sterling is the main theme for today. UK become the first country to approve Pfizer-BioNTech coronavirus vaccine and shots are due next week. But the good news was overshadowed by Brexit uncertainties. As the negotiation deadline looms it’s reported...
Fintech firm Revolut names former Citigroup executive Rebecca Macieira-Kaufmann to its US board
Rebecca Macieira-Kaufmann Source: European fintech giant Revolut has hired former Citigroup executive Rebecca Macieira-Kaufmann to its U.S. board as it seeks to expand in the world’s biggest economy. Macieira-Kaufmann spent 12 years at Citigroup, most recently as head of Citigroup’s...
China’s RMB is less popular as it ages
When financial messaging provider Swift published its latest RMB Tracker in late January, almost no one noticed. For good reason. Anyone not focused on US politics or Australian fires was fretting about the growing threat of coronavirus. While too late...
NZ Dollar Hits 20-Month High
The New Zealand dollar is unchanged in Wednesday trade. Currently, NZD/USD is trading at 0.7062, up 0.02% on the day. Commodity indicator shows strong gain The New Zealand dollar posted considerable gains on Tuesday, after posting mixed data. The GlobalDairyTrade...
XAU/USD Trades Above 1,810.00
Since Monday, the XAU/USD exchange rate has been appreciating actively. The rate has already reached 1,830.00. It is likely that yellow metal could gain support from the 200-hour moving average near 1,820.00. In this case the price for gold could...
China continuing to outpace the U.S. economy, CFO survey reveals
China’s economic outlook is improving faster than in other regions around the world, including the U.S. according to the latest CNBC Global CFO Council survey for the fourth quarter 2020. Emmanuel Wong | Getty Images For the second straight quarter,...
How AUD & NZD Exchange Rates Are Impacted by China’s Economy
AUD and NZD Analysis, China Trade Relations With Australia and New Zealand, Understanding the Core-Perimeter Model -TALKING POINTS: How to trade the Australian and New Zealand Dollars with regard to China’s growth What are the economic and trade relations between...
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