China’s RMB is less popular as it ages
When financial messaging provider Swift published its latest RMB Tracker in late January, almost no one noticed. For good reason. Anyone not focused on US politics or Australian fires was fretting about the growing threat of coronavirus. While too late...
NZ Dollar Hits 20-Month High
The New Zealand dollar is unchanged in Wednesday trade. Currently, NZD/USD is trading at 0.7062, up 0.02% on the day. Commodity indicator shows strong gain The New Zealand dollar posted considerable gains on Tuesday, after posting mixed data. The GlobalDairyTrade...
XAU/USD Trades Above 1,810.00
Since Monday, the XAU/USD exchange rate has been appreciating actively. The rate has already reached 1,830.00. It is likely that yellow metal could gain support from the 200-hour moving average near 1,820.00. In this case the price for gold could...
China continuing to outpace the U.S. economy, CFO survey reveals
China’s economic outlook is improving faster than in other regions around the world, including the U.S. according to the latest CNBC Global CFO Council survey for the fourth quarter 2020. Emmanuel Wong | Getty Images For the second straight quarter,...
How AUD & NZD Exchange Rates Are Impacted by China’s Economy
AUD and NZD Analysis, China Trade Relations With Australia and New Zealand, Understanding the Core-Perimeter Model -TALKING POINTS: How to trade the Australian and New Zealand Dollars with regard to China’s growth What are the economic and trade relations between...
EUR/USD Upside Breakout as US Stocks Extend Record Run
Dollar and Yen were solid off broadly overnight as S&P 500 and NASDAQ extended record runs. More importantly, the greenback has finally broke through a key support level against Euro, confirming down trend resumption. European majors are currently the strongest...
Market Morning Briefing: Aussie Trades Just Below 0.74
STOCKS Equities manage to hold higher but continue to show lack of momentum. We reiterate that the crucial resistances ahead on the major equities can cap the upside for now and a sharp corrective fall is on the cards. 30000...
Stocks making the biggest moves after hours: Salesforce, Slack, Box and more
People wear protective face masks outside Salesforce Tower as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 22, 2020 in New York City. Noam Galai | Getty Images Check out...
Crude Oil Resuming the Uptrend
Crude oil has found support at the 33.8 level, after a completed three-wave corrective move in 2)/B), and started recovering impulsively. Price broke above the upper corrective channel line, which is another evidence that energy is resuming the uptrend and...
Optimism Flowing Once Again
That good feeling is back in the markets after we saw some end of month profit-taking on Monday, with Europe seeing gains of more than 1% and Wall Street eyeing a similar open. The last month was massive for the...
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