USD/JPY – Is Japan’s Inflation Moving Up?
USD/JPY has started the week on a positive note. Early in the North American session, the pair is trading at 104.99, up 0.27% at the day. Japan’s inflation stronger than expected Japan’s inflation has been at low levels for years,...
AUD/USD Broke 0.7150 Level, But Struggled to Continue Higher
The Aussie Dollar gained pace above the 0.7100 resistance level against the US Dollar. The AUD/USD pair even broke the 0.7150 level, but it struggled to continue higher. As a result, there was a downside correction and the pair tested...
Coming to Terms with Reality
Financial markets are getting a reality check, as investors come to terms with the failure of Congress to agree a pre-election stimulus package and surging Covid cases. Just over a week to go until the US election, it was always...
Canadian Dollar Drags Down By Oil Price Fall, Dollar Shows Some Firmness
Movements in the forex markets are rather limited in European session, with some firmness seen in Dollar and Sterling. One focus is on the selloff in Canadian Dollar, which is dragged down by the steep decline in oil prices. Euro’s...
WTI Oil Outlook: Drops Over 2% On Growing Demand Concerns
WTI oil opened with gap lower and fell over 2% during Asian / early European session on Monday, hit by fresh wave of risk aversion. Oil extends last week’s losses which resulted in weekly close below psychological $40 level and...
ECB Preview – More Stimulus to Come in December as Recovery Loses Momentum
Economic data released since the September signaled that the recovery might have lost momentum. This is a worrying signs as renewed lockdown measures in light of the second wave are expected to damage the recovery further. As a preparatory meeting...
Dollar Recovers Mildly as Markets Await BoC, BoJ, ECB and GDPs
Dollar recovers mildly in relatively quiet markets today while Aussie and Euro turn softer. But major pairs and crosses are generally keep well inside Friday’s range, suggesting limited movements so far. Three central banks will meet this week including BoC,...
Asia Morning: U.S. Stocks Lack Significant Momentum
On Friday, U.S. stocks closed mixed. The Dow Jones Industrial Average dipped 28 points (-0.10%) to 28335, while the S&P 500 added 11 points (+0.34%) to 3465, and the Nasdaq 100 was up 29 points (+0.25%) to 11692. Dow Jones...
China’s top leaders meet this week to plan for the next five years. Here’s what to expect
People wearing masks pass by portraits of Chinese President Xi Jinping and late Chinese chairman Mao Zedong as the country is hit by an outbreak of the novel coronavirus, on a street in Shanghai, China February 10, 2020. Aly Song...
Euro Strong as Funds Flow Out of American Assets, But Technical Pictures Mixed
Funds were flowing out of US assets last week as Dollar ended as the worst performing major currency. Treasury yields surged as bonds tumbled while stocks gyrated lower. But the movements were not decisive enough yet as the greenback still...
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