NZDJPY Maintains Neutral Bias but Risks are to the Downside
NZDJPY is extending its sideways trading in the four-hour chart, trailing the lower bound of the Ichimoku cloud. The 20-period moving average (MA) is flatlining in the same region, providing additional support against downward attempts. The momentum indicators further underline...
New Zealand’s GDP Data May Hide Economic Challenges Despite Being Rid of Virus
New Zealand will be the last of the major economies to report GDP estimates for the first quarter. The data, due at 22:45 GMT on Wednesday, will likely show the Pacific island nation recorded its first economic contraction in nine...
Euro and Sterling Weaken While Swiss Franc Surge, Dollar Mixed
Swiss Franc surges broadly today and it’s currently the strongest one. There is no clear sign of risk aversion in other markets, with major European indices in black, while DOW futures is slightly higher. Yen is also generally soft too....
EURGBP Retains Neutral Mode, Approaches 0.9000
EURGBP has been developing within a consolidation area since May 15, despite the upside penetration at the end of the previous month. Looking at the last few days, the pair is extending a bullish move above the Ichimoku cloud and...
Sterling Turns Softer after CPI, Markets Range-bound Elsewhere
The forex markets are generally in range trading today, with mild weakness seen in Sterling after CPI release. Markets are staying in mild risk-on mode, with Australian Dollar and Canadian Dollar firmer. However, there is no one-sided risk trading as...
EU Indices Slightly Up | TA Focus On Hugo Boss
INDICES Yesterday, European stocks recorded beefy gains, with the Stoxx Europe 600 Index advancing 2.9%. Germany’s DAX 30 surged 3.4%, France’s CAC 40 rose 2.8%, and the U.K.’s FTSE 100 jumped 2.9%. EUROPE ADVANCE/DECLINE 97% of STOXX 600 constituents traded...
Stocks futures little changed following rally in the previous session
U.S. stock futures were little changed in early morning trade on Wednesday, following a big rally in the previous session that was fueled by growing belief the worst may be over for the world’s largest economy. Dow futures dipped 18...
Deutsche has big ambitions for new International Private Bank
In June, Deutsche Bank announced the latest step in its restructuring: the creation of a new unit, its International Private Bank. This now becomes a prominent part of the larger private bank division, dominated by retail banking in Germany, that...
U.S. May retail sales surge 17.7% in the biggest monthly jump ever
Retail sales shattered already-lofty expectations for May as consumers freed from the coronavirus-induced lockdowns began shopping again. The 17.7% headline gain including food sales easily topped the record 6.7% from October 2001 — a month after the 9/11 terrorist attacks...
Powell warns of ‘significant uncertainty’ about the recovery and says small businesses are at risk
Federal Reserve Chairman Jerome Powell warned Tuesday about “significant uncertainty” regarding the pace of the U.S. economic recovery and said small businesses and lower-income and minority Americans are particularly at risk. During the first day of his semiannual testimony before...
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