The Australian dollar surged in early Wednesday’s trading, driven by higher stocks and rumors that China is discussing easing of ban on Australia coal imports. Aussie advanced over 2% in Asia, early Europe and cracked Read more…
USDJPY had experienced a significant uptrend in the past year, climbing to a 32-year high of 151.94 in mid-October. However, the pair has been experiencing a prolonged downside correction since then, with the price hitting a fresh Read more…
The resources heavy FTSE 100 outperformed thanks to energy stocks. A pop above 7550 may have put the index back on track, sending sellers to cover their bets. 2022’s top around 7650 is the last Read more…
The Canadian dollar softens as risk-sensitive currencies take a backseat amid the greenback’s rally. From the daily chart’s perspective, the medium-term bias remains upward and the bulls have been waiting for an opportunity to stake Read more…
The US dollar jumped as traders made room for the Fed minutes later in the day. The euro’s consolidation at the end of December has failed to achieve a new high. A sharp drop below Read more…
Asian Indices: Australia’s ASX 200 index rose by 113 points (1.63%) and currently trades at 7,059.20 Japan’s Nikkei 225 index has fallen by -373.51 points (-0.0143%) and currently trades at 25,720.99 Hong Kong’s Hang Seng Read more…
Markets In line with the start of the new year on Monday in Europe, US investors apparently prepared/hoped for inflationary pressures to gradually ease in the upcoming year. Even with few data to support this Read more…
Swiss CPI dropped -0.2% mom in December, due to several factors including falling prices for fuels and heating oil, fruiting vegetables and medicines. On the other hand, rents for holiday flats and the hire of Read more…
The British Pound started a downward move from the 1.2100 zone against the US Dollar. The GBP/USD pair declined below 1.2020 to move into a short-term bearish zone. The pair even settled below the 1.2000 Read more…
European investors got an energy boost from lower inflation reads, and the falling nat gas futures, but US investors didn’t follow up on the cheery market mood. However, US sovereign bonds gained yesterday as an Read more…