Strong Risk Rally on EU Recovery Fund, Aussie Accelerates
Global stock markets are lifted by the agreement on the EUR 750B Next Generation EU recovery package. Commodity currencies surge broadly with Australian Dollar leading the way. RBA Governor indicated that the current exchange rate is inline with Australia’s fundamentals....
Stocks making the biggest moves in the premarket: Coca-Cola, Tapestry, Lockheed Martin & more
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 42 cents per share, 2 cents a share above estimates. Revenue was in line with expectations. It was the 23rd...
Temasek result gives a window into sovereign wealth strategy through Covid
Temasek, one of Singapore’s sovereign wealth vehicles, today announced unaudited figures for its last financial year, showing a 2.3% decline in total shareholder return. In the circumstances, that’s really not bad. The Temasek financial year ends on March 31 –...
USD/CAD Two Scenarios Likely
The US Dollar has plunged by 108 points or 0.80% against the Canadian Dollar since Monday’s trading session. The currency pair breached the weekly support level at 1.3504 on Tuesday morning. As for the near future, the USD/CAD exchange rate...
Aussie Surges as RBA Said No to Intervention, Euro Softens on Profit Taking
Euro weakens somewhat today after EU finally reached an agreement on the recovery fund. Traders seem to be taking some profits as expectations become news. Though, New Zealand Dollar is even weaker, partly thanks to cross selling, especially against Aussie....
RBA Minutes: Risks to Recovery Skewed to Downside as July Meeting Had No Discussion about Impacts of Melbourne’s Lockdown
The minutes for RBA’s July meeting affirmed that policymakers should leave the current monetary measures steady for a prolonged period of time. Policymakers at the July meeting did not discuss about the surge in new coronavirus cases in Melbourne and...
$600 unemployment boost. Stimulus checks. Government relief is coming to an abrupt end
Many states’ pandemic-era moratoriums on renter evictions have expired. In some 30 states, eviction proceedings now can continue. Pictured, rent-forgiveness graffiti in Los Angeles. VALERIE MACON Most of the relief measures included in the historic stimulus package Congress passed in...
July Flashlight for the FOMC Blackout Period
Executive Summary Earlier this year, the Federal Reserve rose to the challenge of a global pandemic and restored order and liquidity to rattled financial markets through rates cuts, asset purchase programs, and a comprehensive program of credit and liquidity facilities...
USD/CAD Yawns on Lack of Data
USD/CAD has started the week with a whimper. Early in the North American session, the pair is trading at 1.3564, down 0.11% on the day. There are no events out of Canada or the US, so we can expect a...
EUR/USD at 4-mth High as EU Talks Continue
It’s been a quiet start to the week for EUR/USD, with only second-tier releases out of the eurozone and no events in the US. Ordinarily, investors would focus on upcoming fundamental releases, but the markets are glued to Brussels, where...
Signal2forex.com - Best Forex robots and signals




