NZD/JPY 4H Chart: Buying Signals
The New Zealand Dollar has declined by 190 pips or 2.63% against the Japanese Yen since the beginning of September. The currency pair tested the lower boundary of an ascending channel pattern at 70.00 on September 10. The exchange rate...
NZD/CAD 4H Chart: Could Break Channel
The New Zealand Dollar has been trading in an ascending channel pattern against the Canadian Dollar since the middle of August. The currency pair tested the 0.8850 level last week. All things being equal, the exchange rate could continue to...
Rise Of US Index Futures Drags Asia Up
US index futures have risen strongly in Asian trading this morning, which has quickly reversed the negative starts for the region after Wall Street finished lower overnight. Overnight the S&P 500 fell 1.77%, the Nasdaq fell by 1.99%, and the...
GBPJPY Locates Foothold, Stalling Sell-Off At 100-Day SMA
GBPJPY has discovered strong support from the 100-day simple moving average (SMA) of 135.54, located at the Ichimoku cloud’s lower boundary. The falling Ichimoku lines are backing the plunge in the price, while the 50- and 100-day SMAs aim to...
Euro Rebound Fades Quickly, Sterling Decline Continues
Sterling weakness remains the unified theme in the markets this week. The Pound remain under pressure in Asian session today while recovery attempt was brief and weak. As for the week, Canadian Dollar is currently the second weakest, in tandem...
ECB Upbeat about Recovery, Resorted to Verbal Warning of Strong Euro
ECB left all the monetary policy measures unchanged in September. The staff upgraded the near-term growth outlook, as well as core inflation forecasts for 2021 and 2022, suggesting the central bank’s optimism over the recovery. Policymakers continued to stress that...
Goldman now sees a 35% jump in Q3 GDP, much higher than the rest of Wall Street
A person wears a protective face mask while carrying grocery bags outside Trader Joe’s on August 11, 2020 in New York City. Noam Galai | Getty Images Goldman Sachs economists said they see third quarter GDP growth tracking at 35%,...
Alan Greenspan lists inflation and the budget deficit as his biggest concerns
Former Federal Reserve Chairman Alan Greenspan said his biggest economic concerns in the U.S. are inflation and the budget deficit. “My overall view is that the inflation outlook is unfortunately negative and that’s essentially the result of entitlements crowding out...
‘Pay later’ products take off this year as PayPal, Microsoft allow customers to delay the bill
Visitors play video games at the Xbox stand during 2020 China International Cartoon and Game Expo (CCG Expo) at Shanghai World Expo Exhibition and Convention Center on July 16, 2020 in Shanghai, China. Zhou You | Visual China Group |...
ECB Research: No Indication of Change in Policy Stance Coming
The outcome of the ECB’s monetary policy meeting was in line with expectations. The ECB conveyed a confidence in its narrative of a recovery, notably in the manufacturing sector, while the language on inflation was not alarming, despite continued low...
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