Pound Dips Despite Strong Manufacturing PMI
The British pound has reversed directions on Tuesday. The pair is currently trading at 1.4173, down 0.29% on the day. On the fundamental front, UK Manufacturing PMI accelerated for a fourth straight month. The PMI surged in May, rising from...
WTI Oil Outlook: Oil Surges to 31-Month High on Hopes for Strong Rise in Demand
Oil prices surged on Tuesday, inflated by expectations for growing fuel demand during the summer driving season in the US, continuation of slow increase in supply by OPEC+ group and strong Chinese factory data that support hopes for further rise...
Canadian Dollar Jumps With Oil Price, Supported by GDP
Canadian Dollar jumps broadly today, following upside breakout in oil price, and partly supported by solid GDP growth data. Australian Dollar is following as the second strongest, while Dollar is also rebounding. On the other hand, Sterling reversed earlier rallies...
GOLD Passes May High Level
On Tuesday, the price for gold booked a new high level, as the commodity shortly traded above the 1,915.00 level. The price managed to pass the previous May high of 1,913.12. In the near term future, the metal could gain...
Canadian Dollar Rises Ahead Of GDP
The Canadian dollar continues to drift this week. In the European session, USD/CAD is trading at 1.2037, down 0.08% on the day. Canada GDP projected to accelerate Canada’s economy is expected to have surged ahead in the first quarter of...
RBA Affirmed that Adjustments to YCC and QE would be Announced in July
As expected, the RBA left all monetary policy measures unchanged in June. Policymakers maintained a dovish tone, suggesting no rate hike at least until 2024. They also affirmed that some adjustments to the monetary policy would be made in July....
Aussie Steady after RBA, Dollar Softens Mildly
Trading remains relatively subdued in Asian session today. Aussie firmed up slightly, but lost momentum after RBA delivered no surprise to the markets. Sterling is also trying to break through a key near term resistance against Dollar, but there is...
Market Morning Briefing: Aussie Has Bounced Well From 0.77
STOCKS Dow can move up within its 33500-35000 range. DAX is struggling to gain strength to breach 15500. It can fall if it breaks below 15400 and keep the 14800-15500 range intact. Nikkei has to sustain above 28500 to avoid...
China’s Robinhood rivals pile into the crypto craze as they look to compete overseas
In this photo illustration a Bitcoin logo seen displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket | Getty Images BEIJING — Two of China’s rivals to stock trading app Robinhood...