The ECB Meeting Is In The Spotlight
Yesterday, currency majors strengthened their positions against the US dollar. The dollar index (#DX) closed in the red zone (-0.20%). The single currency has been growing before today’s ECB meeting. The Central Bank is expected to keep the key marks...
USDJPY Watching 106.40
The US dollar is holding above the 106.00 level against the Japanese yen currency as global equity markets stabilize after the early week sell-off. The 106.40 level is technically important to the upside and is the key resistance level preventing...
Euro Awaits ECB for Next Move, Sterling Weakness Persists
Sterling remains the weakest one for the week, without a doubt in the otherwise mixed forex markets. Overall risk sentiments stabilized with the overnight rebound in US stocks. Dollar has pared back much of this week’s gains together with Yen....
South Korea’s Kakao Games soars 30% in market debut, hitting daily limit
Passengers use smartphones inside a subway train in Seoul, South Korea, in 2015. Woohae Cho/Bloomberg | Bloomberg | Getty Images SINGAPORE — South Korea’s Kakao Games surged in their Thursday market debut on the Kosdaq, more than doubling from their...
BOC Left Policy Rate and QE Unchanged, Pledged to Calibrate Measures when Needed
BOC announced to leave the policy rate at the effective lower bound of 0.25% and maintain the pace of asset purchases at CAD 5B/week of Canadian government bonds. While acknowledging that economic activities have rebounded more than expected since the...
Job openings top expectations even as rate of hiring slows
Job openings rose 10% in July to a pandemic high even though the rate of hiring saw a sharp slump, according to a Labor Department report Wednesday. The total for available positions hit 6.6 million for the month, above the...
US Inflation Data: Keeping the Fed in Check
The latest CPI numbers out of the US will hit the markets at 12:30 GMT Friday, and forecasts suggest inflation picked up some steam. If that is the case, then market expectations for any Fed easing at next week’s policy...
EUR/GBP Outlook: Bulls Start to Lose Traction on Approach to Initial Target, ECB Meeting in Focus
The cross is consolidating under new six-week high (0.9130) on Wednesday after advancing nearly 2% since Monday’s opening. The Euro benefited from pound’s fresh weakness over Brexit concerns and awaiting more positive signals from the ECB on Thursday, as latest...
Pound Selloff Continues, Risk Sentiments Stabilized
The Pound’s selloff continues today as the UK government’s so called internal market bill draws wide criticism, from EU to Scotland and Wales. Traders continue to off-load Sterling on no-deal Brexit risks. European markets, though, somewhat stabilized and recovered from...
US Futures Rebounding – Watch LULU, WORK, NOC
The S&P 500 Futures are rebounding after they closed sharply lower yesterday as tech-led sell-off continued. Later today, the U.S. Labor Department will report JOLTS job openings for July (6 million expected). European indices are rebounding after they consolidated following...
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