Fed Governor Waller sees reduction in bond purchases possibly starting in October
The Federal Reserve could begin slowing down its bond purchases as early as October under a scenario central bank Governor Christopher Waller set out to CNBC in a Monday interview. Should the August and September jobs report show growth in...
RBA Could Put off Tapering Decision and Expose Aussie to More Declines
Four weeks ago, the Reserve Bank of Australia (RBA) claimed that the economy is in a good shape, and it would proceed with its bond tapering schedule as soon as September, despite the Covid uncertainty. On Tuesday, however, the Bank...
AUDUSD Consolidates Below 0.74 But Buyers Intensify
AUDUSD is currently pushing above the 50-period simple moving averages (SMAs) and the flattening Ichimoku lines at 0.7364. The falling 200- and 100-period SMAs are endorsing a negative price trajectory, while the slight uptick in the 50-period SMA is reflecting...
Sterling Weakens in Mixed Trading, Euro Recovers
Sterling is notably lower today in otherwise mixed markets. Euro is also firm, with help from recovery against the Pound. Aussie is the stronger one, mainly because it’s paring last week’s losses. Upside is so far limited ahead of tomorrow’s...
Euro Still Holds a Strong Position
The major currency pair is stable at the beginning of August, growing slightly. EURUSD is rising to 1.1870. The dollar is still coping with the negative influence of the comments by the Fed’s head Jerome Powell. Last week, he stated...
The US Economic Growth Exceeds Expectations
The new trading month started with the market participants focusing on Friday’s NFP report. Because the Federal Reserve of the United States has a dual mandate, one that focuses on both price stability and job creation, the way the labor...
RBA Preview – Delaying Taper and Downgrading Near-Term Growth Forecasts
We expect the RBA to postpone the tapering policy announced last month. It will also downgrade GDP growth forecast for this year and revise the unemployment rate higher. All the above changes are driven by the unexpected lockdown in New...
Nio delivered fewer cars than Xpeng and Li Auto did in July
The Li One electric car from Li Auto is displayed at the Moonstar Global Harbor shopping mall in Shanghai, China, May 10, 2021. Costfoto | Barcroft Media | Getty Images BEIJING — Chinese electric car start-up Nio, which has led...
Market Morning Briefing: Pound Has Fallen Sharply Unable To Test Or Rise Above 1.40
STOCKS Equities broadly retain their overall sideways range. While our bias remains bullish to see an upside breakout of the ranges in equities, a fresh trigger seems to be needed for that. Dow remains at the upper end of its...
Dollar Recovers Mildly But Key Events Lie Ahead
The market opened the month with mildly positive sentiment, with major Asian indexes trading higher. But there is little reaction in the currency markets. Commodity currencies are generally soft for now, with slight losses in particular in Kiwi and Loonie....