NZD/USD could extend the upside bias once 0.6365 is cleared, note FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang. KEY QUOTES 24-hour view: “We expected NZD to ‘trade within a range...
Read More
1 Minute
1 Minute
Taiwan premier Su says warmly welcome visits by any foreign guests
The cat is out of the bag and Taiwan is not shying away. Taiwan’s premier, Su Tseng-chang, is saying that they are welcoming visits by any foreign guests and that the government will make...
Read More
0 Minutes
AUD/USD Forex Signal: More Gains Possible Ahead of RBA Decision
Bullish View Buy the AUD/USD pair and set a take-profit at 0.7100. Add a stop-loss at 0.6950. Timeline: 1-2 days. Bearish View Set a sell-stop at 0.6950 and a take-profit at 0.6850. Add a...
Read More
1 Minute
US DOLLAR INDEX: BEARS LEAD THE WAY TO THE 105.60 REGION AHEAD OF US ISM
The index extends the bearishness to the 105.60 region. The better tone in the risk complex put the dollar under pressure. Final Manufacturing PMI, ISM Manufacturing PMI next on tap. The greenback, in terms...
Read More
0 Minutes
Stalled Minimum Wage Talks in Japan resume Monday, 30 yen rise being considered.
Japan’s Labor ministry says talks will resume today. A subcommittee of the Central Minimum Wages Council, which advises the labor minister, will meet to discuss minimum wages for fiscal 2022, which started in April....
Read More
0 Minutes
Italian GDP growth unexpectedly accelerated to 1% in the second quarter
Italy’s economy grew by 1% in the second quarter compared to the previous three months, preliminary data from the statistical agency Istat showed. In the first quarter, quarterly GDP growth was 0.3%. Analysts polled...
Read More
0 Minutes
USD/JPY: Incremental Gains as Storm of Volatility Lies Ahead
The USD/JPY has produced almost seemingly polite incremental gains the past two days of trading and is approaching intriguing short term resistance. Speculators watching the USD/JPY may perceive the USD/JPY has demonstrated rather tranquil...
Read More
0 Minutes
People’s Bank of China mobilizing US$148bn property developer bailout
Headlines via Reuters. Adding: PBOC will initially issue circa CNY200bn of low interest loans, rate around 1.75, to state commercial banks banks to use the PBOC loans along with their own funds to refinance...
Read More
1 Minute
Dow Jones Technical Analysis: Trying to Drain its Overbought
The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses in its last sessions, by -0.71%. It lost the index by -228.50 points and settled at the end of trading...
Read More
0 Minutes
European equities open slightly higher to start the day
Eurostoxx +0.3% Germany DAX +0.4% France CAC 40 flat UK FTSE +0.4% Spain IBEX +0.4% This chips away at some of the losses to start the new week, with the mood helped by a...
Read More