FX Update – June 26 – Consolidations abound
EURUSD, H1 Narrow ranges with a modicum of yen firmness have been prevailing against a backdrop of higher equity markets in Europe and Asia, which have tracked Wall Street gains,…
Read More »Euro Forecast: Choppy Trading Likely in EUR/USD on Quarter-End Flows
The coming week sees the start of a new month and a new quarter, when portfolio rebalancing could result in turbulent trading in major assets, including EUR/USD and the Euro…
Read More »Wall Street Close: The US equities markets can’t shake the COVID-19 bug
It was another tough day on Wall Street as the coronavirus pandemic continues the bite the US economy. Texas and Florida are forced to scale back plan
Read More »Australian Dollar Outlook Bearish as Coronavirus Cases Spike
The Australian Dollar may come under increasing downside pressure as local coronavirus cases spike and tensions with China escalate.
Read More »Events to Look Out For Next Week
An important week is coming up as Brexit trade talks resume next week, with Boris Johnson holding a video link summit with the EU Commission President on Monday. In addition,…
Read More »ForexLive Americas FX news wrap: Re-opening turns into re-closing
Forex news for North American trade on June 26, 2020: Markets: – Gold up $6 to $1770 – US 10-year yield down 4.4 bps to 0.64% – WTI crude down…
Read More »NZ Treasury is projecting the unemployment rate will rise to 9% (previous forecast was 10%)
Some ‘less awful’ news from New Zealand Peak jobless rate at 9% instead of 10% says Treasury.
Read More »UK VAT cut would bring mixed benefits – IFS think-tank
The Institute for Fiscal Studies (IFS), a leading UK think-tank, warned against a temporary cut in value-added tax (TAX), as it would bring smaller be
Read More »Another mixed US data set
USDJPY, H1 Another mixed set of US data today, with the Weekly Claims once again falling but just as importantly missing expectations. Durable Goods were a positive beat but the…
Read More »Hang Seng Eyes Resistance, Stocks May Wobble on Virus Woes, US-HK Bill
APAC stocks may rise after equities rose on Wall Street. Still, virus concerns and a newly approved US sanction bill over Hong Kong’s autonomy will likely weigh on sentiment.
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