During the upcoming trading week traders look to a host of important economic data release from the US and eurozone economies. This week we see the release of the Nonfarm payroll job report, with most economists expecting that the...
During the upcoming trading week traders look to a host of important economic data release from the US and eurozone economies. This week we see the release of the Nonfarm payroll job report, with most economists expecting that the...
The price of crude oil rose slightly after the US released inventories data for the past week. Inventories increased by more than 2.4 million barrels. This was a bigger increase than the consensus estimates of a decrease of 249k...
EUR/USD Technical Analysis: A test of 1.0925 is likely while below 1.1053 EUR/USD remains under pressure around the 1.10 neighbourhood so far this week. The down move to weekly lows near 1.0970 has opened the door for a potential...
US stocks declined while the greenback rose after Democrats announced the official launch of impeaching Donald Trump. In a statement, house speaker, Nancy Pelosi said that the democrats will start impeachment proceedings. This is after the latest episode, where...
India: Economy in need of a stimulatory kick start – NAB Gerard Burg, senior economist at National Australia Bank, points out that India’s economic growth continued to slow in the June quarter – down to 5.0% yoy (compared with...
The US dollar was relatively unchanged even after Markit released slightly better-than-expected manufacturing PMI data. The data showed that the PMI rose to 51.0 from the previous 50.3. This data showed that manufacturing activity in the US was improving...
NZD/USD could attempt a recovery near term – UOB FX Strategists at UOB Group expected the Kiwi Dollar to move into a sideline pattern vs. the Greenback. Key Quotes 24-hour view: “We highlighted yesterday “further sustained decline is unlikely”...
Market movers During the upcoming trading week, the United States economy and the Reserve Bank of New Zealand interest rate decision takes center stage. The United States economy releases a number of key data points through the course of...
The euro was little unchanged in the Asian session as traders waited for flash PMI data from Europe. The preliminary PMI data from Germany is expected to show some improvement in September. The data is expected to show the...
GBP/USD moved to ‘overbought’ territory – UOB According to FX Strategists at UOB Group, Cable risks some consolidation or even a move lower if it cannot clear the 1/2580 region in the short-term horizon. Key Quotes 24-hour view: “GBP...