Ready And Waiting
We’re in a bit of a holding pattern after a lively start to the week, with Wall Street eyeing another largely unchanged open, mirroring the broadly directionless trade in Europe. There was an abundance of catalysts earlier in the week,...
Uneasy Trucebe
Indices staged a partial recovery after an earlier drop in Asia. Aussie licks wounds ater worse than expected job fihures. Focus turns back to US jobs in the day ahead. GBP is the weakest ahead of the BoE decision at...
WTI Oil Futures Support Bullish View Above 36.00
WTI oil futures for July delivery maintain a clear positive structure reflected by the higher highs and the higher lows since late April, with the price printing another higher trough at 34.35 last week. Now it remains to be seen...
SNB Intervened Aggressively to Weaken Franc and Pledged to Continue So
SNB left the monetary policy unchanged in June. Meanwhile, the members reiterated the commitment to intervene in the currency market as Swiss franc has remained “highly valued”. Economic and inflation forecasts for this year were sharply downgraded as a result...
Yen Mildly Higher as Focus Turns to SNB and BoE
The forex markets continue to be lacking a clear direction for now. New Zealand and Australian Dollar are mildly softer today, following weaker than expected data. But losses are so far limited. Yen, Euro and Dollar strengthen mildly but there...
Aussie Dragged By Downbeat Jobs Report
This morning, the Australian dollar weakened against the U.S. dollar following a downbeat jobs report. Official data showed that Employment in Australia plunged 227,700 in May, much worse than a reduction of 78,800 expected. The Jobless Rate jumped to 7.1%...
Economic, political factors hamper EM currencies’ rebound
Variation in the performance of currencies has been a striking trend in emerging markets since the start of the coronavirus crisis. Made particularly noticeable by the extraordinary demand for US dollars when investors liquidated positions across many asset classes in...
USD/CAD Could Recover Sharply Above 1.3600
Key Highlights USD/CAD started a decent recovery wave from the 3-month low at 1.3315. There was a break above a major bearish trend line at 1.3455 on the 4-hours chart. Canada’s CPI decreased 0.4% in May 2020 (YoY), more than...
Yum IPO hits the spot as Chinese firms target Hong Kong listings
For investment bankers in Hong Kong, June 19 will be just another in a long line of very big days. On Friday morning, they will be ushered in, bank by bank, to meet in person – no Zoom meetings here...
Stocks making the biggest moves after hours: Nikola, Spotify, Hertz and more
Passengers board an American Airlines flight to Charlotte, North Carolina at San Diego International Airport on May 20, 2020 in San Diego, California. Sandy Huffaker | Getty Images Check out the companies making headlines after the bell. Hertz — Shares...
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