Kiwi Rises on Job Data, Loonie Firm on Oil Price, Euro and Franc Weak
Canadian and New Zealand Dollar are both in the driving seats in the markets this week. Return of risk appetite is providing the base for rally. Meanwhile, Kiwi is lifted by stronger than expected job data while Loonie follows oil...
Alibaba looking to raise up to $5 billion in U.S. dollar bond issuance after earnings beat
Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Brendan McDermid | Reuters Alibaba will be taking advantage of the low interest rate environment in the U.S. right now by...
Bank Of England: Cautiously Optimistic With Negative Rates Still On The Table
When? Thursday at 12:00 noon followed by Andrew Bailey’s press conference at 12:30 What to watch? The Bank of England is not expected to move on policy when it makes its monetary policy announcement and updates the bank’s quarterly forecasts.The...
Silver Drops Sharply after False Break Above $30
Spot silver fell sharply on Tuesday (down nearly 7% until early hours of the US session) following short-lived surge to eight-year high on probe above $30 barrier on Monday. The rally stalled after huge buying by a pack of small...
Dallas Fed President Kaplan stresses need for more spending to keep economic recovery going
Dallas Federal Reserve President Robert Kaplan in a CNBC interview Tuesday backed more spending across a variety of fronts as the economy tries to shake off the Covid-19 pandemic effects. President Joe Biden has proposed spending $1.9 trillion to provide...
Dollar Index Rises to Nine-Week High on Fading Risk Sentiment
The dollar index extends gains and hits the highest in nine months on Tuesday, lifted by fading risk sentiment on darkening economic outlook on extended lockdowns. Monday’s 0.54% rally, which penetrated through the base of thick falling daily cloud (spanned...
As GameStop plunges, Volkswagen’s 2008 short squeeze gives an idea of how painful it will get
People walk past a GameStop store in Midtown Manhattan on January 27, 2021 in New York City. Michael M. Santiago | Getty Images Volkswagen often comes to mind when investors try to find a short squeeze comparable to GameStop’s jaw-dropping...
Aussie Dips Lower as RBA Adds QE
The Australian dollar has recorded slight losses on Tuesday. Currently, AUD/USD is trading at 0.7599, down 0.28% on the day. Earlier in the day, the Aussie fell below the 0.76 level for the first time in 2021. RBA extends QE...
Euro Tumbles Through Support, Canadian Surges With Oil’s Upside Breakout
Canadian Dollar is currently trading as the strongest one for today, following the upside breakout in oil price. The resilient Sterling is following as second strongest, awaiting BoE to rule out negative interest rates later in the week. On the...
USDCHF Aims To End Falling Trend, Eyes On 0.9015
USDCHF charted an inverse head and shoulder formation at the bottom of its sell-off, where a six-year low of 0.8756 has taken the form of a bullish doji in early January, signalling the end of the bearish phase. The case...
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