Stocks, Pound Extend Gains And EUR/USD Steady As ECB Eyed
The EUR/USD was steady while the GBP/USD hit a new multi-year high on Thursday morning, as the US dollar fell further with more global indices hitting new record highs with investors remaining hopeful that lockdowns will end hopefully in the...
BOJ Downgraded Economic Outlook for FY2020, Inflation to Fare Better During Forecasting Horizon
The January BOJ is non-eventful. Cautioning that risks to the economic outlook is tilted to the downside, the central bank announced to leave all its stimulus measures unchanged. In contrast to speculations, the central bank did not adjust the implicit...
Millions of new investors piled into mainland Chinese stock markets in 2020
An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China. Reuters BEIJING — More Chinese investors are piling into the local stock market. In December, the mainland stock market recorded 1.62...
Euro Vulnerable as ECB Awaited, Strong Risk-On Sentiment Continues
Euro recovers mildly today but stays as one the weakest, along with Dollar, Yen and Swiss Franc. Strong risk-on sentiments pushed major US indices to new records overnight. Commodity currencies are generally strong on the sentiments. Canadian Dollar was additionally...