USD/JPY Is Drifting Below The 107 Mark
Markets Earlier this week, global (equity) markets mostly saw the glass half full. Sentiment remained constructive even as the number of corona cases worldwide and in the US continued to rise. Yesterday, there were signs of nervousness. The optimism on...
BOJ Preview: Maintaining Negative Rates and QE, while Downgrading Economic Forecasts
While we expect BOJ to maintain all of its monetary policy measures unchanged, the central bank would likely downgrade the economic forecasts for FY2020. BOJ’s Tankan survey revealed that companies of all sectors were worse off in 2Q20, sending the...
Market Morning Briefing: Dollar-Yen Has Fallen Along With The Dip In Dollar Index
STOCKS Profit taking seen on equity sectors across the globe and with a dip seen in Dow, we may expect a dip in Asia-Pac equities too today. The profit-taking we have been talking of seems to have come in a...
FX Survey 2020: Press Release
Euromoney FX Survey 2020 results released Euromoney magazine has released the results of its 42nd annual foreign exchange survey, the most comprehensive quantitative and qualitative annual study available on the FX markets. Among the key findings: JPMorgan retains the top...
Job losses remain ‘enormous’: Coronavirus unemployment claims are worst in history
A woman wearing a face mask walks past the closed Arlington Cinema and Drafthouse movie theater amid the coronavirus pandemic on May 14, 2020 in Arlington, Virginia. Photo by OLIVIER DOULIERY/AFP via Getty Images The number of Americans filing for...
Jobless claims at better-than-expected 1.3 million, total getting benefits falls to 18 million
Weekly jobless claims were lower than expected last week as workers slowly returned to their jobs in the wake of rising coronavirus cases. Claims for the week ended July 4 totaled 1.314 million, compared with the 1.39 million expected from...
Gold Outlook: Bullish Bias above $1800 but Bulls May Hold in Extended Consolidation Before Resuming
Spot gold continues to shine and accelerates higher in early US session on Thursday after the consolidation under new multi-year high ($1818) found footstep above $1800 level which now acts as strong support. Wednesday’s break and close above significant $1795/$1802...
Fear Gauge and Gold are Still Flashing Red; Are Stocks Finally Taking Note?
The resurgence in coronavirus cases appears to have put a pause on the relentless risk rally that has propelled global stocks to recoup almost 80% of the March crash. But as stocks drift sideways while investors re-evaluate the prospect of...
Sterling Continues to Shine While Stocks Take a Breather
Sterling continues to trade as the strongest one on stimulus optimism while Europe majors are also firm. On the other hand, Dollar remains the weakest one, even worse than Japanese Yen. Stock market rally might take a breath again today...
Silver Hits Pre-Pandemic High Of $19
Both precious metals remain in demand for now. This is mainly due to historically low interest rates and as the vast central bank QE and government stimulus money is finding its way into these assets, as well as stocks. Economic...
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