RBA Review – QE Might Increase Further to Curb Rising Yields and Exchange Rate
As widely anticipated, the RBA left all monetary policy measures unchanged. As a summary, the cash rate target, the 3-year Australian Government Bond ‘Yield Curve Control’ (YCC) target and the Term Funding Facility (TFF) interest rate all stay at 0.1%....
Chinese Tesla rival Nio says global chip shortage will hit its electric car production
A Nio Inc. ES6 electric SUV at a battery swap station inside a parking lot in Shanghai on March 1, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car start-up Nio said Tuesday a global chip...
Aussie Steady after RBA, Yield Retreats, Stocks Mixed
Global treasury yields softened mildly this week, which helped the rebound in US and European stocks yesterday. But the positive sentiment is not much reflected in Asian session today so far. Selloff in Swiss Franc and Yen, and to a...
US: Manufacturing Sector’s Recovery Continues Unabated
TD Bank Financial Grouphttp://www.td.com/economics/ The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness...
US 500 Index Tests 50-MA and Weight of Bearish Pressures
The US 500 index (Cash) is trying to conquer the region from the 50-period simple moving average (SMA) until the 100-period SMA, after a foothold at the 3,788 level repowered the positive sentiment. The flattening out of the 100- and...
GBP/USD: Repeated Close Below 1.40 to Keep Fresh Bears in Play
Cable stands at the back foot on Monday and remains below 1.40 mark after losing around 1.5% in past two days. Increased demand for dollar pushed sterling lower after bulls hit the highest level in almost three years (1.4238) last...
Stimulus checks, unemployment benefits lift 1.6 million Americans out of poverty
A woman walks past tents for the homeless lining a street in Los Angeles, Calif. on Feb. 1, 2021. FREDERIC J. BROWN | AFP | Getty Images More than one million Americans were lifted out of poverty in January as...
Swiss Franc Sold Off Again as Stocks Rebound, Yields Turned Mixed
Swiss Franc is in deep selloff again today as risk sentiment further stabilized in the markets. European indices rebound broadly while US futures point to higher open. Global bond markets also turned mixed for now. Euro and Yen are following...
Can the RBA Shoot the Aussie Down?
The Reserve Bank of Australia (RBA) will conclude its March policy meeting at 01:30 GMT Tuesday. The domestic economy is doing well and commodity prices have soared, but the RBA won’t be happy about the recent surge in bond yields...
GOLD Breaks Pattern
The yellow metal’s price has broken the descending wedge pattern and almost immediately dropped to the 1,720.00 level. However, afterwards a recovery started and on Monday morning, the price was once again located near the 1,760.00 level. In the near...
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