Kiwi Surges on RBNZ Hike Talks, Aussie Firm after RBA
New Zealand Dollar is the star winner in Asian session today on RBNZ rate speculations. The Kiwi has taken Aussie higher today, but the latter lost some steam after unsurprising RBA policy decision. Though, Aussie is still maintaining most of...
Market Morning Briefing: Dollar-Yen Has Dipped Below 111
STOCKS Global equities continue to trade mixed and seem to lack strength. However, Sensex and Nifty remain relatively stronger among them and could outperform if they break their immediate resistances. 53000 on Sensex and 15900 on Nifty are important levels...
Pound Calm as UK Services PMI Edges Lower
The British pound has started the week quietly. In the North American session, GBP/USD is trading at 1.3846, down 0.13% on the day. The pound has pushed back into 1.38 territory, on optimism over the economy’s reopening optimism and PMI...
Canadian Dollar Gives Up Some NFP Gains
The Canadian dollar has started the week with losses. In the North American session, USD/CAD is trading at 1.2457, up 0.31% on the day. The US dollar ended the week on a downturn against most of the majors. The Canadian...
US 500 Index at Fresh Top of 4,355; Upside Risks Look Sturdy
The US 500 stock index (Cash) is consolidating in the vicinity of the 4,350 level, after spiking to a new all-time high of 4,355, the former being the 150.0% Fibonacci extension of the down leg from 4,244 until 4,034. The...
Apollo mulls bid for British supermarket chain, taking on SoftBank-backed Fortress
NEWPORT, WALES, UNITED KINGDOM – 2021/01/09: A shopper seen pushing her groceries outside Morrisons supermarket in Wales. May James/SOPA Images/LightRocket via Getty Image WM Morrison, Britain’s fourth-largest supermarket chain, could be about to become the target of an international bidding...
Euro Shrugs Strong Investor Confidence, Markets in Subdued Holiday Trading
Overall, the forex markets are relatively mixed today and trading will probably continue to be subdued with US on holiday. Sterling is currently the stronger one, followed by Yen and Aussie. Canadian is the weakest, followed by Kiwi and then...
USD/JPY Technical Analysis: Retreats Below 50-MA, Upside Risks Under Strain
USDJPY has lost its recent footing off the 50-period simple moving average (SMA), as buyers’ latest efforts have become curbed by the mid-Bollinger band at 111.18. Nonetheless, the advancing SMAs are defending the near-term uptrend that evolved from the April...
AUDUSD In A Tight Range Ahead Of The RBA Rate Decision
Crude oil declined after the latest OPEC+ meeting ended without a deal. This happened after Saudi Arabia and Russia asked participating members to increase production in the next few months. The goal was to ease rising oil prices and extend...
RBA to Announce Adjustments in QE and YCC Programs
Important decisions will be made at this week’s RBA meeting. All monetary policy measures would remain unchanged. Yet, as indicated in June, policymakers would discuss on the format of QE purchases after completion of the current tranche in September, and...
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