Evergrande Fights off Default Yet Again After Making Overdue Coupon Payments
Evergrande yet again flirted with default, as the distressed property giant made overdue coupon payments to holders of 3 separate offshore bonds.
Read More »Breaking: Australian jobs report is not looking good for AUD bulls
Australia’s monthly labour market data has been released as follows and it is not going to be favourable to AUD: Australian Employment Change Oct: -4
Read More »Australian dollar drops on the big miss for jobs data
The Australian October labour market report is : here Employment Change: -46.3K for an ugly miss indeedUnemployment Rate: 5.2% Participation Rate: 64.7% AUD/USD is below its overnight low:
Read More »Stocks stall ahead of bumper US inflation data
Overnight Headlines *US stocks snapped their eight-day winning streak *USD treaded water after weakening over the past three days *Gold backed off $1834 resistance, real yields remain depressed *Oil extended…
Read More »AUDNZD: Technical Review of the Week
According to preliminary readings, ANZ’s business confidence fell from -13.4 to -18.1 in November. The outlook for its own activity fell from 21.7 to 15.6. Export intentions fell from 8.6…
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Read More »China – Goldman Sachs have 2 reasons to be wary of “considerable uncertainty”
Goldman Sachs on their outlook for China supply chain issues: 2. and zero-COVID policy create considerable uncertainty. GS note that China is
Read More »EUR/GBP Price Analysis: Fades bounce off 50-DMA around 0.8550
EUR/GBP struggles for clear direction around 0.8550, fading the previous day’s bounce off 50-DMA during early Wednesday. Earlier in the week, the quot
Read More »New Zealand Dollar Forecast: NZD/USD Falls as Traders Eye Chinese Inflation Data
The New Zealand Dollar fell overnight versus the US Dollar as Wall Street stocks broke a multi-day winning streak. APAC traders are watching the wires for Chinese inflation data.
Read More »Stocks hot streak continues, Bitcoin hits a record high
Overnight Headlines *US stocks were little changed but posted more record highs *USD fell slightly with focus on the infrastructure bill *US 10-year Treasury yields were supported by 200-day SMA…
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