GBP/USD Outlook: UK Inflation Data Could Provide Clearer Near-Term Direction Signal
Cable is standing at the front foot on Tuesday, following strong downside rejection previous day and inflated by fresh risk sentiment that weakened dollar. Larger uptrend remains intact despite double failure at 1.3700 zone, as subsequent dips stay above rising...
Australian Employment Report May Shoot Aussie Higher
December’s employment report for Australia is likely to attract investors’ attention on Thursday at 00:30 GMT. Technically, the recession is over in the country as the economic indicators have turned positive, however, the recovery is not. Unemployment is expected to take two to three...
Kiwi Rises as Business Confidence Improves
The New Zealand dollar has posted gains in the Tuesday session, erasing the losses seen on Monday. Currently, NZD/USD is trading at 0.7126, up 0.320 on the day. NZ business confidence improves There was good news from the New Zealand...
Euro Rises While Dollar and Yen Stay Pressured
Yen and Dollar remain the worst performing ones for today with markets generally in risk-on mode. Investors are awaiting US Treasury nominee Janet Yellen’s Senate hearing for more information on the her stance on fiscal stimulus and Dollar exchange rate....
Silicon Valley start-up Plaid plans European hiring spree despite Visa deal falling apart
Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020. George Frey | Bloomberg via Getty Images LONDON — Financial technology start-up Plaid plans to more...
GBPUSD Bulls Retain Footing Despite Pullback
GBPUSD managed to calm bearish forces around the 20-day simple moving average (SMA) once again following the latest rejection from the 1.3700 level, hinting that bullish appetite has not fully faded yet. In the near-term, the consolidation phase may continue...
New Zealand Dollar Rises After Strong Retail Sales Data
US futures turned positive in the overnight session ahead of key corporate earnings. Later today, companies like Bank of America, Goldman Sachs, and Charles Schwab will deliver their fourth-quarter earnings. In general, analysts expect the numbers to be relatively strong....
Asian Markets Surge With Strong Risk Appetite, Yen Under Heavy Selling
Asian markets are trading in strong risk-on mode today, with particular strength seen in Hong Kong. DOW future is also currently up 150 pts, as markets look forward to US Treasury nominee Janet Yellen’s confirmation hearing. Yen is back under...
ECB Preview – Awaiting More Comments of Strong Euro
While ECB would likely leave its monetary policy measures unchanged this week, the market should focus on several issues: members’ view on recent euro strength, discussions on QE tapering and economic impacts of renewed lockdown. Following the recalibration in December,...
Canada: Homebuilding Pulls Back But Remains firm in December
Housing starts dropped 12.6% m/m in December to a still-strong 228.3k units. This level was achieved without CMHC conducting their survey in the Kelowna CMA due to COVID-19. Excluding the Kelowna CMA from the growth calculation, starts decreased by a...
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