China accounts for 30% of global production capacity. Rising COVID infections and the current low levels of natural immunity imply that an increase in viral propagation throughout the winter might result in further lockdowns in China. The risk is that they will prolong supply chain disruptions and postpone the normalisation of input cost pressures. According to …
Trade Lookout in China’s Market on November 10, 2021 Read More »
In this article, we have covered the highlights of global market news about the Dollar and Stocks, Gold, Oil and Commodities. The increased bid in bonds (lower rates) is likely the most important news of the day thus far, with Treasury yields falling ahead of European trade. This has placed a significant pressure on yen pairings, with …
Dollar gains continue to stay the course. The pound is the laggard on the day with cable sliding by 0.5% to 1.3430. The same goes for the other dollar pairs in the forex market, with EUR/USD now easing towards a test of its October lows of 1.1525-29. The low today is touching 1.1535. The dollar …
Critical Forex Updates for Friday, November 5th, 2021 Read More »
In this article, we have covered the highlights of global market news about the GBP/USD, EUR/USD, Gold Price and Cryptocurrencies. GBP/USD stays in a range between 1.3500 and 1.3700 with a bias to the downside after the BoE’s policy announcements. The forex market sentiment is still biased to the bearish side following Carney’s comments on a possible rate …
Here is a consolidated report on what analysts and researchers of 10 major banks expect from the Federal Reserve. The Fed is widely expected to announce a reduction of $15 billion in monthly asset purchases while keeping the policy rate unchanged. ING“A November 3rd taper announcement looks like a forgone conclusion. It seems set to …
AUD rates were still in focus when the RBA yet again didn’t defend its yield target. Economists at Citibank expect the AUD/USD to move back lower because the 0.7550 level proves to be a tricky resistance. A pullback in commodities dampens the AUD“The RBA determined to not defend its 3-year yield target 0.1% that sent …
Financial markets have been slowing down for the first two days of this week as traders paused to receive monetary policy announcements from major banks around the world, including the US Federal Reserve meeting next week.Most of the day, the euro traded within 0.2% of its Tuesday near the dollar. It last increased by about …
The Australian dollar has resumed its recovery against the US dollar. AUD/USD has risen to 0.7471, up 0.80% on the day. The pair is at its highest level over last 4 months. The RBA minutes reiterated the old familiar message from the central bank that the economic conditions for a rate hike will not be …
EUR/USD is trading near 1.1650, trading at its three-week high. The pair is benefiting from risk sentiment, which is causing the decline in the US dollar. The EUR/USD daily chart shows that the pair is moving within the range of 1.1560 – 1.1620. The Relative Strength Index of 44, with no trend, shows that the pair …
