US VICE PRESIDENT HARRIS: BEIJING CONTINUES TO “COERCE”, “INTIMIDATE” IN THE SOUTH CHINA SEA In a statement on Tuesday, US Vice President Kamala Harris said that Southeast Asia is “critically important” for the American security and prosperity. ADDITIONAL QUOTES...
ASIAN STOCK MARKET: INDICES TRADE IN GREEN ON HOPES FOR PFIZER/BIONTECH VACCINE’S APPROVAL Asia-pacific stocks make remarkable gains for the straight second day. Vaccine optimism, a waning coronavirus outbreak in China and other countries boost sentiment. Xi-Biden might be...
EUR/USD TO EXTEND ITS REBOUND ON A BREAK ABOVE THE 1.1810 MARK – SOCGEN EUR/USD backs up over 1.17 from Friday’s 1.1664 low. In the view of economists at Société Générale, an initial rebound is likely but the pair...
EUR/GBP SITS NEAR ONE-MONTH TOPS, BULLS AWAIT A MOVE BEYOND 0.8600 MARK EUR/GBP attracted some dip-buying and touched a one-month high on Monday. Bulls seemed rather unaffected by the mixed release of Eurozone PMIs for August. Weaker USD benefitted...
GOLD PRICE FORECAST: BREAK ABOVE $1800 TO ADD CREDENCE TO THE CONSTRUCTIVE XAU/USD SET-UP Gold is hovering around $1,785. A move above the $1800 level would see the yellow metal gaining bullish traction ahead of Fed Chair Jerome Powell’s...
EUR/JPY TO POST A REBOUND TOWARDS THE 129.75 MARK – COMMERZBANK The EUR/JPY pair is seeing profit-taking ahead of the 55-week moving average at 127.92. Therefore, euro/yen is set to consolidate and advance in search of the 200-day moving...
GLOBAL STOCKS SINK AS DELTA VARIANT AND FED TAPER FEARS It was a sea of red in London and the rest of Europe as fears of the Delta variant continued. In London, the FTSE 100 index declined by more...
US DOLLAR GAINS MOMENTUM AFTER HAWKISH FOMC MINUTES US stocks declined on Wednesday as the market reacted to the latest Federal Reserve minutes. The minutes showed that most members of the bank’s monetary policy committee believe that the economic...
ECB’S LANE: UNDERLYING INFLATION IS NOT PROXIED BY ANY SINGLE INDICATOR The European Central Bank (ECB) Chief Economist Philip Lane said on Thursday, “our revised forward guidance is a fundamental step in fulfilling our commitment to 2% inflation.” ADDITIONAL...
TRADING SPOTLIGHT Every day we analyze the market trends, select the most newsworthy asset, and prepare technical analysis on it—to help you reduce risks and get prepared. ALL NZDUSD USDCAD XBRUSD Pay attention to NZDUSD What happened earlier NZDUSD...
