AUD/USD Pair Started An Upward Move Below 0.7605
The Aussie Dollar seems to be forming a decent support base above the 0.7600 level against the US Dollar. The AUD/USD pair traded as low as 0.7605, and recently started an upward move. It broke the 0.7625 level, but it...
Vaccine Delays Causing Limited EU Critique
Market movers today Today the main mover is the US ISM manufacturing index for January. It has been on a rising path since April but is probably close to a peak as Chinese PMI’s point to a peak in the...
RBA to Leave Policy Unchanged and Remain Cautious about Outlook Despite Recovery
The RBA will have its first meeting this year on Tuesday, followed by publication of the statement of monetary policy on Thursday. We expect all policy measures to stay unchanged this month. Policymakers could revise GDP forecast higher and the...
Sterling Firm as Markets Await BoE, Asian Stocks Up
Asian markets open the week generally higher today, shrugging off the steep selloff in the US on Friday. Australian and New Zealand Dollar firm up mildly. But Sterling is so far the better one, as markets await BoE’s affirmation on...
New chart shows China could overtake the U.S. as the world’s largest economy earlier than expected
Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. Reuters BEIJING — China is set to overtake the United States as the world’s largest economy a few years earlier than anticipated due to the coronavirus pandemic,...
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