Market Update – November 26 – B.1.1.529 – Risk Off
B.1.1.529 – RISK OFF – JPY, CHF & USD bid – AUD, NZD & CAD pressured – Stocks & Oil tank. (-2.5%) Treasuries in demand as yields slip. UK, Singapore,…
Read More »Soaring dollar hits new highs on Thanksgiving
Overnight Headlines *USD boosted by solid data, new 17-month high at 96.93 *US stocks closed mixed as bond yields pull back *Gold stabilises around 50,100 and 200-day SMA support *FOMC…
Read More »Market Update – November 24 – USD & Yields Higher, Stocks Mixed, Oil Recovers
USD (USDIndex 96.50) holds on at highs; EM currencies under particular pressure. (TRY lost 15% after Erdogan refused a rate rise). RBNZ raised rates but NZD fell (like the last…
Read More »Inflation Worries to Boost Gold and US Dollar?
Wall Street is confident of moving forward despite economic uncertainty, as the stock market is booming. However, last Monday (November 15), commodity strategists at JPMorgan told clients that rising inflation…
Read More »Market Update – November 19 – Technicals dominate for now
USDIndexat 95.80. Prime Minister Kishidaconfirmed the new stimulus package has a size of 79 tln yen. Chinais looking into ways to cut taxes and government fees by up to 500 bln yuan….
Read More »Good week for GBP with more solid data
Overnight Headlines *USD moves lower, below 16-month highs *US stocks notched record closing highs boosted by earnings *Oil rebounds after falling to six-week lows *Japan reveals bigger than expected fiscal…
Read More »Market Update – November 18 – Commodity related assets on bid
USDIndex pulled back again to 95.65 . Stock market stalled lower led by China tech stocks, which were under pressure as investors weighed global central bank outlooks and the prospect…
Read More »NZD/USD Grapples 0.7000 With RBNZ’s Inflation Expectations Survey on Deck
NZD/USD rose overnight against falling stock prices on Wall Street. The RBNZ's inflation expectations survey is in focus as the central bank's rate decison nears.
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 »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.
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