Euro Rises in Quiet Trading, Sterling Softens
Markets are generally staying in consolidative mode today, with subdued movements. Sterling is trading mildly lower, followed by Aussie, and Dollar. New Zealand Dollar firms up mildly after initial dip. Euro and Swiss Franc are also stronger, helped by buying...
Volatility in EUR/USD Will Remain High
On Monday, May 24th, the major currency pair is consolidating at 1.2187. However, the fact that the previous week was pretty volatile suggests that the current week may be just the same. Apart from the US 10-year bond yield, market...
US 500 Index Flashes Green Above 200-SMA
The US 500 stock index (Cash) is conveying a slight increase in positive impetus, after its latest rally off the 4,060 low lifted the price above the 4,151 barrier. The latter happens to be the 23.6% Fibonacci retracement of the...
Asia Trades Mixed After Similar US Session On Friday
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RBNZ Preview: Upgrading Economic Assessments to Reflect Stronger-than-Expected Recovery
Economic data released since the last meeting have continued to improve. We expect the RBNZ to upgrade economic assessments at the upcoming meeting, acknowledging recent positive developments. Yet, policymakers would continue to attribute the spike in inflation to temporary factors....
Yen Mildly Firmer in Subdued Trading, Kiwi Soft Despite Strong Retail Sales
The forex markets are rather quiet in Asian session today. With some European markets and Canada on holiday, trading will likely remain subdued for the day ahead. Yen is trading mildly firmer, as near term consolidations are extending. Meanwhile, Australian...
Stock futures are flat after Dow, S&P 500 post losing week
Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock index futures were little changed during overnight trading on Sunday, after the S&P 500 posted its second negative week in a row. Futures contracts tied to...
Swiss Franc Ended as Strongest, Aussie as Weakest, But Bitcoin Stole the Show
While Fed minutes started to prepare the markets for discussion on tapering in the coming months, Dollar wasn’t give much support. It has indeed ended as one of the worst performers for the week, just next too New Zealand and...
Weekly Economic & Financial Commentary: Is Fed “Tapering” Imminent?
Summary United States: Housing Begins to Bump Up Against Supply Constraints Housing starts fell 9.5% in April, as material shortages weighed on activity. The NAHB/Wells Fargo Housing Market Index held steady at 83 in May, indicating continued strength in residential...
The Weekly Bottom Line: Ready or Not, Here Come Vaccine Passports
U.S. Highlights Global equity markets gained ground at week’s end as the latest purchasing manager indices showed improved optimism for both services and manufacturing. Supply constraints are an issue across much of the economy, and housing is no exception. The...
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