EURJPY Bounces on Support Base Formed in April
EURJPY has found footing for a second time in the vicinity of the support boundary of 129.56-129.78, formed by the lows in April. In spite of this, the simple moving averages (SMAs) are maintaining their bearish bearings, feeding the downward...
EURJPY Bounces on Support Base Formed in April
EURJPY has found footing for a second time in the vicinity of the support boundary of 129.56-129.78, formed by the lows in April. In spite of this, the simple moving averages (SMAs) are maintaining their bearish bearings, feeding the downward...
NZ Dollar Under Pressure ahead of CPI
The New Zealand dollar has reversed directions and is down considerably on Thursday. Currently, NZD/USD is trading at 0.6986, down 0.61% on the day. New Zealand CPI eyed After the RBNZ grabbed the headlines on Wednesday and sent the New...
Watch Fed Chair Powell speak live to Senate banking panel on the economy and policy
[The stream is slated to start at 9:30 am ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell appears Thursday before the Senate Committee on Banking, Housing and...
Jobless claims hit new pandemic low, while New York manufacturing notches record high
Initial claims for unemployment insurance fell to a new pandemic-era low last week, the Labor Department reported Thursday. First-time filings for benefits totaled 360,000, in line with Dow Jones estimates and the best number since March 14, 2020. The total...
Dollar Regains Ground on Job Data, Sterling Support by BoE Saunders
Dollar regained some ground in European session, as assisted by mild pull back in stocks. The greenbacks stay firmer into US session as jobless claims data showed continuing improvement. Sterling is also stronger today after BoE policymaker Michael Saunders’ hawkish...
WTI Oil Outlook: Expected Supply Increase Keeps Oil Price Under Pressure
WTI oil remains in red on Thursday and extends south, following Wednesday’s 3% drop, as markets anticipate increased supplies after a compromise deal between leading OPEC producers. Saudi Arabia and the United Arab Emirates reached a compromise that should result...
Digital bank Revolut valued at $33 billion in funding round led by SoftBank and Tiger Global
Nikolay Storonsky, founder and CEO of Revolut, on stage at the 2019 Web Summit technology conference in Lisbon, Portugal. Harry Murphy | Sportsfile for Web Summit via Getty Images LONDON — British fintech firm Revolut said Thursday it had raised...
NZD/USD Rallies To Major Resistance
The New Zealand dollar soared after the RBNZ cut its QE program in anticipation of policy tightening. The initial surge above 0.7010 reveals renewed buying interest after the kiwi spent weeks above the important daily support at 0.6920. The psychological...
ASX200 Range Holds After Stronger AU Jobs Offset By Softer China GDP
Consensus expectations heading into the labour market data were for employment to rise +25k and for the unemployment rate to fall to 5.0%. On both metrics the labour market exceeded expectations as the unemployment rate fell to a 10 year...