AUD/USD STRUGGLES NEAR TWO-MONTH LOW, HOLDS ABOVE 0.7200 AHEAD OF US PMIS AUD/USD was seen consolidating its recent losses to the lowest level since early October. The USD bulls took a brief pause near a 16-month peak and extended...
AUD/USD STRUGGLES NEAR TWO-MONTH LOW, HOLDS ABOVE 0.7200 AHEAD OF US PMIS AUD/USD was seen consolidating its recent losses to the lowest level since early October. The USD bulls took a brief pause near a 16-month peak and extended...
UK stocks retreated even as the interest of UK firms from foreign entities continued. According to the Wall Street Journal, NortonLifeLock is in advanced talks to acquire Avast in a deal that will value the antivirus company at more...
The price of crude oil held steady even after the recent failure by OPEC and its allies to reach an agreement. Brent, the global benchmark, rose by 0.55% to $75.60 while the West Texas Intermediate (WTI) rose by 0.60%...
Data watch During the upcoming week traders and investors look to key interest rate decisions from the Bank of Canada, Bank of Japan and the Reserve Bank of New Zealand and also the CPI inflation report from the United...
US and global stocks retreated today as investors waited for the upcoming bank earnings. In Europe, the DAX and FTSE 100 indices declined by more than 0.30% and 0.70% while in the US, futures tied to the Dow Jones...
The Nikkei index declined sharply after recent data showed that foreigners were selling Japanese stocks. According to the Bank of Japan, they sold stocks worth more than ¥310 billion in June after selling an additional ¥147 billion in June....
The euro wavered today after the relatively weak German industrial production data. According to Destatis, the country’s factory output declined by 0.3% in May as the auto industry continued facing a major chip shortage. The sector has declined in...
The Australian dollar rose against the US dollar and other currencies after the relatively hawkish Reserve Bank of Australia (RBA) decision. The Central Bank left interest rates unchanged at 0.10% and hinted that the first interest rate hike will...
FOMC meeting minutes likely to set the market tone During the upcoming trading week the release of the FOMC Meeting Minutes from the June policy meeting is likely to set the tone for financial markets. Markets participants will likely...
UK stocks rallied as investors cheered the new bidding war for the country’s fourth-biggest supermarket chain. Two weeks ago, Morrisons turned down an offer by Clayton Dubilier & Rice (CDR), an American private equity firm. During the weekend, the...