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Day: September 15, 2021

Stocks Mixed on Strong US Data, Casino Stocks Crushed on China Review

US stocks are mixed as investors digest a better-than-expected Empire State survey, a triple threat of bad news from China (casino crackdown, soft economic data, and Evergrande contagion fears), and as concerns start to grow over surging oil and gas prices. Right now, Wall Street knows the Fed is not going anywhere, but nervousness is …

Stocks Mixed on Strong US Data, Casino Stocks Crushed on China ReviewRead More

USD/JPY Presses 109.1 Support as Yen Rally Continues, Strong UK and Canada CPI

Rally in Yen and Swiss Franc dominated trading for most of the day, and it stays firm in early US session. Nevertheless, as sentiment of US traders are not too pessimistic, buying in both slows a little bit. On the other hand, Australia, New Zealand and US Dollars are taking turns to be the worst …

USD/JPY Presses 109.1 Support as Yen Rally Continues, Strong UK and Canada CPIRead More

Yen Rising as Sentiment Weighed Down by Poor China Retail Sales

The impact of slowing in US inflation was rather short-lived as major indexes turned red after initial rise. Sentiment is further weighed down by poor retail sales data from China. Yen notably overnight on mild risk-off sentiment while Dollar also regained some ground. On the other hand, Australian and New Zealand Dollar resumed recent near …

Yen Rising as Sentiment Weighed Down by Poor China Retail SalesRead More