ECB Preview – Time to Lower Asset Purchases?
The pace of asset purchases in the Pandemic Emergency Purchase Program (PEPP) in 4Q21 is the focus of this week’s ECB meeting. Following hawkish comments from some council members, especially chief economist Philiip Lane, hopes that an announcement related to...
AUD/USD Outlook: Aussie Pausing ahead of Key Event – RBA Policy Meeting on Tuesday
Bulls are taking a breather on Monday after strong gains in past two weeks, as volumes thinned due to US holiday and traders awaiting early Tuesday’s RBA policy meeting for more information about tapering decision. The action is supported by...
ECB Preview: Will the ECB Taper Bond Purchases?
The ECB is due to make its monetary policy announcement on Thursday 9th September. With inflation at its highest level in over a decade will the ECB be start to taper bond purchases. When is the ECB announcement? The ECB...
Dollar Paring Some Losses, Aussie Retreats Ahead of RBA
Trading in the currency market is rather subdued today and markets will stay quiet with US and Canada on holiday. Dollar is paring some of last week’s large losses but upside momentum is weak. On the other hand, Australia Dollar...
BoC Meets with Election in Background
The Canadian dollar is slightly lower in the Monday session. Currently, USD/CAD is trading at 1.2552, up 0.23% on the day. Financial markets are closed in both Canada and the US, so the pair is likely to have a quiet day....
EUR/USD Elliott Wave Analysis: Recovery In Progress
EURUSD is coming down, hitting some resistance now despite worse than expected US NFP report on Friday. EURUSD currency pair has support at daily 50 SMA (Simple Moving Average) around 1.18 level, at the former wave four. As per Elliott...
SPACs offer hope for reviving Singapore’s flagging IPO market
SINGAPORE — Singapore’s stock exchange this month launched new rules allowing SPACs to list, a move it hopes will draw more firms to raise funds in the city-state amid an IPO market that has been stagnant for years. As of...
Currencies Shrug Strong Rise in Nikkei, Focus Turn to RBA, BoC and ECB
Dollar recovers mildly in quiet Asian session today, but there is no sign of a sustainable rebound yet. Most major pairs and crosses are staying inside Friday’s wide range. Strong rally is seen in Japanese Nikkei today, but there is...
Market Morning Briefing: Pound Fell Sharply From 1.39
STOCKS Corrective dip is seen in Dow and Dax but overall seem to be ranged within the broad 35250-35500 and 15600/15550-16000 range respectively for the near term. Nikkei has risen very sharply today,a further rise towards 30000 is possible in...