SNB: Keeping a Rate Bullet in the Chamber
The Swiss National Bank (SNB) will conclude its meeting at 07:30 GMT Thursday, and with Switzerland having fallen back into deflation, markets are pricing in a 30% chance for a small rate cut. That said, the SNB already boasts the...
EURAUD Rallies Towards a Fresh 1-Month High
EURAUD spiked to a fresh one-month peak of 1.6440 earlier today. The price completed a double bottom formation after breaching the 1.6350 strong barrier, shifting the bias from bearish to bullish. Meanwhile, the stochastic oscillator is trying to post a bearish crossover in...
Dollar Stays Strong But Yen Retreats With Rebound in Stock Markets
Dollar remains the strongest one for today but Swiss Franc and Sterling have overtaken as the next strongest. Sterling is some what helped by solid PMIs but Euro shrugged off the disappointing PMI readings. European stock markets are having a...
U.S Futures Gain Ground – Watch NKE, TSLA, TWTR, GIS, KKR
The S&P 500 Futures are extending Tuesday rebound when the Dow Jones Industrial Average rose 140 points (+0.52%) to 27288, the S&P 500 climbed 34 points (+1.05%) to 3315, and the Nasdaq 100 jumped 206 points (+1.88%) to 11186. Later...
RBNZ Hints to Add Alternative Easing in Coming Months
As widely anticipated, RBNZ left the OCR unchanged at 0.25% today. The cap of Large Scale Asset Purchase (LSAP) program, a.k.a. QE, also stays at NZD 100B. Meanwhile, the central bank reiterated the forward guidance that the OCR will be...
Siemens Reversal Patterns Appear But Support And Uptrend Indicate Buys
The company Siemens (SIEG) is in a strong uptrend like many other stocks. But the price action in August was calm and sideways. Reversal chart patterns also started to appear. What is the next expected price swing based on the...
Aussie and Kiwi Down on Easing Expectations, Dollar and Yen Firm
Commodity currencies tumble generally in Asian session today. New Zealand Dollar softens as RBNZ further affirm that it’s in progress for more monetary easing, including negative interest rates. Aussie also tumble on increasing expectation of on imminent RBA rate cut...
SNB Preview : FX Intervention the Key Monetary Policy Tool to Curb CHF’s Strength
We expect SNB to leave the policy rate unchanged at -0.75%. While it does not rule out the possibility of further rate cut, the central bank’s main tool is FX intervention to curb excessive strength in Swiss franc. Economic contraction...
China’s online shopping growth stalls — a sign of slow economic recovery
A couple wearing protective facemasks as a prevention measure against the COVID-19 coronavirus walk at a nearly empty shopping mall in Beijing on February 27, 2020. Nicolas Asfouri | AFP | Getty Images BEIJING — Chinese fervor for online shopping waned...
Existing home sales jump to 14-year high, as prices set another record
A home for sale is seen in Santa Monica, California. Lucy Nicholson | Reuters After a record-setting July, the housing market still shows no sign of cooling off. Sales of existing homes rose 2.4% to a seasonally adjusted annualized rate...
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