Asia Morning: U.S. Stocks Down For Third Session
On Thursday, U.S. stocks slipped for a third session. The Dow Jones Industrial Average eased 19 points (-0.07%) to 28494, the S&P 500 declined 5 points (-0.15%) to 3483, and the Nasdaq 100 lost 86 points (-0.72%) to 11898. S&P...
China is open to taking on more debt if that’s what it takes to support the economy
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — As China recovers from the coronavirus pandemic, the country’s central bank is more...
‘No doubt’ that crucial U.S. fiscal stimulus is coming, IMF managing director says
LONDON — Kristalina Georgieva, the managing director of the International Monetary Fund, told CNBC Thursday that she has “no doubt” the U.S. will implement a new economic stimulus package that will help reduce the current uncertainties for the global economy....
USD/CAD Slips on Weak Job Reports
USD/CAD has recorded strong gains in the Thursday session. In North American trade, the pair is trading at 1.3245, up 0.71% on the day. The US dollar has gained close to one percent this week against the loonie, after posting...
Safe Haven Flows Back to Dollar, Yen and Bonds
Risk aversion is currently in driving seat in the markets today. In the US, hope of fresh fiscal stimulus fades for now, most likely not until after elections. In Europe, countries are going back into lockdowns as coronavirus cases hit...
EURUSD May Edge Sideways; Retreat Hits a Wall Around 1.1700
EURUSD has been on a downward trajectory lately after the recent decline from the 1.1830 high and under the simple moving averages (SMAs), but the pair encountered support near the 1.1700 level and has subsequently rebounded a little. The diving...
ZAR/JPY 4H Chart: Two Scenarios Likely
The ZAR/JPY exchange rate continued to trade within the symmetrical triangle pattern. From a theoretical perspective, it is likely that the currency pair could continue to trade sideways within the predetermined pattern until the second half of November. Meanwhile, note...
Aussie Declines After Lowe
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Aussie Weakens Broadly as RBA Hints on Further Easing, Risk Sentiments Turn Soft
Australian Dollar drops broadly today after RBA hints at more monetary easing next month. It’s also weighed down by mixed job data, as well as weaker risk sentiments. It now appears that US politicians won’t agree to a new stimulus...
China’s pork prices rise at the slowest pace in more than a year
A breeder feeds piglets at a pig farm on May 13, 2020 in Bijie, Guizhou Province of China. Visual China Group | Getty Images BEIJING — China’s consumer price index rose slightly in September as food prices climbed, even with a...
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