Swiss Franc Weak after Brief selloff, Yen and Dollar Also Soft
Swiss Franc was a focus in earlier European session as it suffered brief but deep selloff. Though, it somewhat found some footing quickly, even though it’s still the second weakest for today so far. Yen is underperforming again on strong...
GBP/USD Outlook: Bulls Look for Firm Break of Psychological 1.40 Barrier
Cable returns above 1.40 mark and hits new 34-month high at 1.4052 after brief dip to 1.3980 in early European trading on Monday. Bulls attempt to sustain break above psychological 1.40 barrier after registering a marginal close above last Friday...
Euro Starts Week with a Yawn
The euro has posted small gains in the Monday session. Currently, EUR/USD is trading at 1.2127, down 0.11% on the day. German Business Climate improves German data started the week on a positive note. The Ifo Business Climate improved to...
GBP/USD Holds Above 1.40 As UK Prepares For Lockdown Easing
The pound remains on the front foot ahead of Boris Johnson’s highly-anticipated speech to unveil ‘cautious’ plan to lift England’s lockdown. Much of the details have already been leaked ahead of a news conference at 19:00 GMT. So, the announcement...
Gold’s Death Cross Flags Trend Deterioration As Bulls Push Higher
Gold is looking to claim the 1,790 resistance which kept the market on the downside over the past couple of days. The RSI is endorsing the current positive momentum in the price as the indicator is trying to recover after...
NZD Surges on Rating Upgrade, Eyes on RBNZ This Week
New Zealand Dollar opens the week higher after ratings upgrade by S&P. The Kiwi would now look into RBNZ’s comments on the economy and new economic projections featured later in that week. Elsewhere, overall risk-on sentiments continue to support commodity...
Asian Open: Copper Sends Commodity FX To New Highs
AUD and NZD pairs rallied into the weekly close on Friday as commodities and, in particular copper, pushed aggressively higher. Commodities chalked up another broad rise last week, with the CRB index (commodities index) rising for a fourth consecutive week...
Stock futures are flat after S&P 500 snaps a 2-week winning streak
A Trader on the floor of the New York Stock Exchange. Source: The New York Stock Exchange Stock futures held steady in overnight trading on Sunday after the S&P 500 posted its first losing week in three. Futures on the...
RBNZ Preview – Policymakers to Sound Less Dovish with Yields and NZD Strengthened
We expect the RBNZ to deliver a less dovish message in the upcoming meeting. Economic data released since the November meeting have been encouraging, with the price level and the job market on track to reach the target. These should...
Aussie Surged With Industrial Metal Prices, More Upside in Favor
Stocks markets took a breather last week while focus turned to surging industrial metal prices and treasury yields. Strength in metals was seen more about supply shortage than recovery in demand. That somewhat also reinforced reflation trades. US 10-year yield...
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