AUDNZD SLUMPS TO APRIL 2020 LOW AFTER WEAK AUSTRALIAN DATA The price of crude oil was little changed in the overnight session even as many US producers shut down their oil rigs following Hurricane Ida. Brent, the international benchmark,...
AUDNZD SLUMPS TO APRIL 2020 LOW AFTER WEAK AUSTRALIAN DATA The price of crude oil was little changed in the overnight session even as many US producers shut down their oil rigs following Hurricane Ida. Brent, the international benchmark,...
EUR/USD REGAINS 1.1800 AND BEYOND, CLIMBS TO MULTI-WEEK HIGHS EUR/USD extends the recovery past the 1.1800 yardstick. German Unemployment Rate came in at 5.5% in August. EMU’s flash inflation figures next of relevance in the calendar. The buying interest...
USD/JPY MOVES BACK CLOSER TO 110.00 MARK, FRESH SESSION TOPS A combination of factors assisted USD/JPY to attract some buying near 109.70 on Monday. The risk-on environment undermined the safe-haven JPY and acted as a tailwind for the pair....
USD INDEX SELL-OFF INTENSIFIES AFTER DOVISH POWELL The US dollar index tilted lower on Monday morning as investors continued focusing on the Jackson Hole Symposium speech by Jerome Powell. In it, the Fed chair said that the central bank...
EURUSD FORMS BULLISH FLAG AHEAD OF FLASH EUROZONE CPI European stocks rose on Monday as investors reacted to the speech by Jerome Powell at the virtual Jackson Hole summit. In it, the Federal Reserve chair hinted that the bank...
EURUSD COOLS AHEAD OF JACKSON HOLE AND US GDP DATA The EURUSD was little changed during the Asian session as traders waited for the upcoming statement from the European Central Bank (ECB) and economic data from the US. The...
AUD/USD REMAINS DEPRESSED NEAR DAILY LOWS, AROUND MID-0.7200S AUD/USD snapped three days of the winning streak amid a goodish pickup in the USD demand. The underlying bullish tone might help limit any further losses for the perceived riskier aussie....
US DOLLAR INDEX TO REACH NEW HIGHS BEYOND 94 AS TAPER TIMELINES REMAIN INTACT – WESTPAC The US Dollar Index (DXY) in retreat as risk sentiment rebounds. But with the Federal Reserve still inching toward tapering and the European...
GLOBAL STOCKS CALM AS FOCUS SHIFTS TO JACKSON HOLE SUMMIT The EURUSD pair retreated after the mixed German business sentiment numbers. According to the ifo Institute, the German business expectations declined from 101 in July to 97.5 in August....
NASDAQ AND S&P SOARS AS TRAVEL AND ENERGY STOCKS ROAR US stocks rose to a record high as energy and hospitality industries rallied. The S&P 500 index rose to a record $4,486 while the tech-heavy index rose to $1,019....