Dollar Weakens Further as Markets Remains Risk On
Risk appetite stays strong in the global markets, with European indices registering solid gains. US futures also point higher open for extending recent record runs. Yen is under some selling pressure today, together with Dollar and Euro. On the other...
USDCNH’s Attempt Fails to Remain above 7.0000; SMAs Act as Supports
USDCNH is retreating below the five-month descending trend line after pulling back from the 7.0126 resistance level in the preceding week. Earlier today, the pair touched the 40-day simple moving average (SMA) and erased its intraday losses so far. Technical...
EUR/USD Could Consolidate
On Tuesday, the EUR/USD currency pair consolidated in the 1.0920 area. During today’s morning, the pair maintained its consolidation. Note that the exchange rate is pressured by the 55-hour moving average, currently located near 1.0920. Thus, some downside potential could...
Investors See Light At The End Of The Tunnel
There’s no stopping these markets, it seems, with Europe back in record territory on the tiniest sliver of good news in regard to the, newly-named, COVID-19. Stock market investors are relentless, their ability to see the bull in any situation...
Kiwi Surges after RBNZ, Risk Markets Rally on Coronavirus Containment Hope
New Zealand Dollar surges broadly today after RBNZ’s hawkish hold. Other commodity currencies follow as risk appetite returns to the markets, on hope that China’s coronavirus outbreak would peak soon. US stock indices also hit new records after Fed Chair...
RBNZ’s Next Move could be Rate Hike
RBNZ left the OCR unchanged at 1%. Yet, its message came in less dovish than expected. The members were upbeat about the employment situation and inflation. While coronavirus would affect domestic economy, the impact would be short-lived. Policymakers project GDP...
Market Morning Briefing: Aussie Has Bounced From 0.6666
STOCKS Equity indices seem to need some strong trigger to gather momentum and breach their near-term resistances to move up sharply. Indices like the Dow and Nikkei has to break above their key near-term resistances in order to gain strength....
Oil Rises From 13-Month Low As New Virus Cases Slow
Oil rose to more than $54 a barrel on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy destruction of oil demand. The death toll...
Stocks making the biggest moves after hours: Bed Bath & Beyond, Lyft, Western Union and more
Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York. Mark Kauzlarich | Bloomberg | Getty Images Check out the companies making headlines after the bell: Lyft – The ridesharing company’s stock fell more than...
Household debt jumps the most in 12 years, Federal Reserve report says
Tera Images Household debt surged in 2019, marking the biggest annual increase since just before the financial crisis, according to the New York Federal Reserve. Total household debt balances rose by $601 billion last year, topping $14 trillion for the...
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