Investors Sentiment Resilient, But Forex Markets Turning Mixed
There is not much change in the global investor sentiments today, as stock markets continue to rally on lockdown exit optimism. Much better than expected job data from the US also provide something to cheer. Though, in the currency markets,...
US Futures Extending Gains, Watch CPB, ZM, TWTR, LYFTI, CCL, NCLH
The S&P 500 Futures advance further as expectations of continued economic recovery outweighed impact of violence and looting across the country. Later today, the Automatic Data Processing (ADP) jobs report is expected to show a reduction of 9.000 million private...
Brazil: Covid-19’s waves begin to wash up on LatAm’s shores
Brazil is on the other side of the world from China, the epicentre of the coronavirus, but it has become one of the countries most directly impacted by the disease – which is a huge headache for the Central Bank...
Hong Kong: BEA and Elliott show solidarity but bicker over future
David Li, chairman of Bank of East Asia Elliott Management and Bank of East Asia (BEA) on Wednesday issued a joint press release, including comments from Elliott co-chief executive Jonathan Pollock and Bank of East Asia co-CEOs Adrian and Brian...
NZD/USD Breakout Occurs
The New Zealand Dollar has surged by 112 basis points or 1.79% against the US Dollar on Tuesday. The currency pair breached the upper boundary of an ascending channel pattern during Tuesday’s trading session. Given that a breakout had occurred,...
ECB Preview – Lagarde to Expand PEPP and Sharply Downgrade GDP and Inflation Forecasts
We expect ECB to add more stimuli and downgrade it macroeconomic projections at the upcoming meeting. It is likely that the more flexible PEPP will be expanded and extended. Previous meetings suggest that the members are reluctant to lower the...
Risk Appetite Lifted Further by China Data
Risk appetite continues in Asian session, with help from positive data from China. China’s economy appears to be on track for recovery even though the road would remain bumpy. In the currency markets, New Zealand Dollar is leading Australian Dollar...
Helping China cut carbon emissions isn’t a financial game every business can play
A worker examines a sewage recycling pool in the coal liquefaction factory of CHN Energy in Ordos, north China’s Inner Mongolia Autonomous Region, April 11, 2019. Xinhua | via Getty Images BEIJING — China has a lot more to worry about...
GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge
A worker assembles an X model at the BMW manufacturing facility in Greer, South Carolina, November 4, 2019. Charles Mostoller | Reuters Economic activity in the second quarter has been cut by more than half, according to a tracker employed...
GBP/USD Outlook: Bulls Remain Firm on Weak Dollar / Brexit Negotiations Optimism
Cable cracked 100DMA barrier (1.2570) in extension of Monday’s 0.55% rally through 1.2500/16 (round-figure / Fibo 61.8% of 1.3199/1.1409). Weakening dollar holds in red for the sixth straight day and underpin pound with fresh support coming from optimism over continuation...
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