ECR survey results Q4 2019: Risk down for Greece, Russia, Nigeria, but Argentina, Hong Kong, Turkey dive
There’s light at the end of the tunnel, but not all are on the right track The mean average global risk score improved from the third to fourth quarter as business confidence stabilized and political risks calmed, although it was...
GBP/USD Hits 2020 High on Strong UK Data
The British pound started the trading week with huge gains of 2.0% and the upswing has continued on Tuesday. Currently, GBP/USD is trading at 1.3442, up 0.55% on the day. Earlier in the day, the pair climbed to 1.3482, recording...
Japan 225 Index Struggles Below 6-Month High; Slightly Bullish
The Japan 225 index has been in a slightly bullish tendency over the last two-and-half months, hovering above the strong 200-day simple moving average (SMA). The RSI, in the positive territory, is pointing north, while the MACD, above the zero...
Sterling Surges With Euro, Swiss Franc Tumbles, Dollar Mixed
Sterling overtakes Euro as the strongest currency for today, as cross buying against the latter resumes after brief consolidation. However, Swiss Franc is clearly left behind and it’s trading as the worst performing one. Rallies in Gold and Silver are...
GBP/USD Exceeded 1.3400
Yesterday, the GBP/USD exchange rate exceeded the 1.3380 level. During Tuesday morning, the rate raised to the weekly R1 at 1.3456. If the given level holds, it is likely that a reversal south could occur, and the exchange rate could...
RBA Delivered a Mildly Dovish Tone as it Extended TFF and Hinted Further Easing
As widely anticipated, RBA left the cash rate and the 3-year bond yield target unchanged at record of 0.25% at today’s meeting. Yet, the decision to expand the size of Term Funding Facility (TFF) and the tone in the accompanying...
Euro Upside Breakout, Aussie Shrugs RBA
Euro trades broadly higher in Asian session as it finally takes out near term resistance against Dollar and Yen. Swiss Franc is following the common currency closely as second strongest. Gold is also tracking the Euro higher too. Dollar and...
Markets Look For Clarity On Fed Regime Shift
Market movers today Preliminary euro area HICP figures are due. After inflation surprised on the upside in July, we expect a very low reading for core inflation (our call: 0.2%) due to seasonal factors that relate to postponed summer sales...
Aussie: One Of The Most Benefited Major Currencies
The Australian dollar is one of the major currencies most benefited from the expectations on an ongoing economic recovery and higher demand for commodities due to increased government spending. AUD/USD posted a fifth straight month of rally in August and...
How China is preparing its economy for a future where the U.S. isn’t the center of global demand
An employee works on the production line of lithium battery at a factory of Tianneng Battery Group Co., Ltd on July 20, 2020 in Changxing County, Zhejiang Province of China. Tan Yunfeng | Visual China Group | Getty Images China...
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