CHF/JPY 4H Chart: Decline Could Continue
The Swiss Franc has been declining in a descending channel pattern against the Japanese Yen since the middle of February. The currency pair fell by 1.06% during last week’s trading sessions. As for the near future, the CHF/JPY exchange rate...
Sentiments Approved after US 10-Yr Auction, ECB Comments on Yields Awaited
Australian Dollar leads other commodity currencies higher today on improved market sentiments. Asian stocks are trading generally higher, following the record close in DOW overnight. Investors found some comfort from the soft yet acceptable 10-year auctions. Dollar, Yen and Swiss...
BOC More Upbeat on Economy, Hinted to Taper as Outlook Continues to Improve
As widely anticipated, the BOC left all monetary policy measures unchanged. While being more upbeat about the economic developments, the members noted that the policy rate will stay unchanged as least until inflation target of 2% is “sustainably” achieved. Meanwhile,...
Tesla’s China-made Model Y takes off despite holiday car sales slump
A Model Y vehicle displayed at a Tesla flagship store on Jan. 4, 2021 in Shanghai, China. Gao Yuwen | Visual China Group | Getty Images BEIJING — Tesla’s Model Y is getting off to a solid start in China,...
USD/CHF Starts Corrective Decrease, Dollar Facing Hurdles
Key Highlights USD/CHF traded as high as 0.9375 before correcting lower. There was a break below a key bullish trend line with support at 0.9315 on the 4-hours chart. EUR/USD and GBP/USD consolidating above major support levels. The US Consumer...
The SEC says never invest in a SPAC based solely on a celebrity’s involvement
The headquarters of the US Securities and Exchange Commission (SEC) is seen in Washington, DC, January 28, 2021. Saul Loeb | AFP | Getty Images The Securities and Exchange Commission on Wednesday issued a warning against special purpose acquisition companies...
Will the ECB Fight Rising Yields?
The European Central Bank (ECB) will wrap up its policy meeting at 12:45 GMT Thursday. Some senior policymakers have been vocal about fighting the rise in bond yields, but it is probably too early for that. If the ECB takes...
AUD/USD: Firm Break above 55DMA to Signal Fresh Recovery
The Australian dollar gained traction after soft US inflation data and probing above the top of near-term congestion, limited by 55DMA (0.7720). Fresh recovery attempts after repeated failures to clearly break into rising daily cloud (the action was contained by...
Shady US CPI Data; 10 Year Auction and ECB ahead
The highly anticipated CPI data for February was released earlier today, and the core data was slightly worse than expected. The headline CPI print for the more closely watched YoY rate was in line at 1.7% vs 1.4% in January. ...
Shady US CPI Data; 10 Year Auction and ECB ahead
The highly anticipated CPI data for February was released earlier today, and the core data was slightly worse than expected. The headline CPI print for the more closely watched YoY rate was in line at 1.7% vs 1.4% in January. ...
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