Risk-Off Sentiment Supports Swiss Franc, Yen and Dollar
Souring risk sentiment continues to support Swiss Franc and Yen today, while Dollar is also trying to catch up. Commodity currencies are still the weakest ones. In particular, New Zealand Dollar tumbles on talks that RBNZ could refrain from delivering...
EUR/USD Elliott Wave Analysis: Approaches Support
EURUSD is coming slightly down, now approaching the trendline support which may open door for 1.17 if line is broken. As per Elliott Wave analysis, EURUSD is sliding down into wave 5 which has touched March low but there is...
UK 100 Bounces Off Support
Commodity stocks dragged down the FTSE 100 index after weak economic data from China. The rise above June’s peak at 7215 was a sign of commitment from the long side. However, a pullback is necessary to keep the rally sustainable....
Chinese electric scooter company Niu shakes off pandemic slump and predicts strong sales ahead
This Niu scooter store in Beijing’s Chaoyang district is open daily from about 8 a.m. to 8 p.m. Evelyn Cheng | CNBC BEIJING — Almost three years since Chinese electric scooter start-up Niu Technologies listed in the U.S., the company...
GBP/USD: Why 1.3800 Holds The Key In Near Term
Key Highlights GBP/USD is struggling to climb above the 1.3900 resistance zone. A key declining channel is forming with resistance near 1.3885 on the 4-hours chart. EUR/USD failed to clear the main 1.1800 resistance zone. The UK ILO Unemployment rate...
RBA Minutes Confirm Reasoning Behind August Policy Decision
Westpac was surprised by the decision at the August Board meeting to maintain the policy to begin tapering bond purchases in early September. Since then near term growth prospects have deteriorated further. However that deterioration would need to trigger a...
Aussie Stays Weak after RBA Minutes, Same as Other Commodity Currencies
Commodity currencies remained generally pressured in Asian session today. While DOW and S&P 500 managed to reverse initial losses to close at new record highs, there is no follow through risk-on sentiment in Asia. Canadian Dollar is additionally weighed down...
Retail sales likely dipped in July as consumers held off on purchases amid Covid delta worries
Shoppers carry bags of purchased merchandise at the King of Prussia Mall, in King of Prussia, Pennsylvania, December 8, 2018. Mark Makela | Reuters Retail sales were expected to have fallen off in July, as consumers reacted to the delta...
RBNZ to Lift Rates, What to Expect
The Reserve Bank of New Zealand (RBNZ) is almost certain to raise interest rates when it concludes its meeting at 02:00 GMT Wednesday. Markets have already fully priced in a regular rate increase and are also assigning a small chance...
Swiss Franc and Yen Rise as Markets Turn to Risk-Off Mode
Risk aversion is a main theme today, on situation in Afghanistan, poor China data, and spread of Delta virus. Yen and Swiss Franc rise broadly, and to a lesser extent followed by Dollar. Commodity currencies are all in red, in...
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