GhulamRasool
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Coronavirus update: Covid strain mark presence in New York, Norhern Ireland backs stay at home order
Following the UK’s virus-led activity restriction measures, Northern Ireland joins in the stay-at-home orders to tame the coronavirus (COVID-19) outbreak. That said, updates concerning international travel and remote learning for schools are yet in the pipeline. Read: AUD/USD: Risk off triggers pull
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Turkey's Manufacturing Sector Growth Weakens In December
Turkey's manufacturing sector growth weakened in December, survey results from IHS Markit showed Monday. The headline Istanbul Chamber of Industry Turkey manufacturing Purchasing Managers' Index dropped to 50.8 in December from 51.4 in November. Although the reading was above the 50.0 neutral, the s
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Hong Kong Retail Sales Fall Further
Hong Kong's retail sales declined further in November, albeit at a softer pace, figures from the Census and Statistics Department showed on Monday. The retail sales volume declined 4.7 percent year-on-year in November, following a 9.2 percent fall in October. The value of retail sales decreased 4.0
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Familiar Start To New Year As Dollar Slips, Stocks Climb
Trading in 2021 gets off to an optimistic start despite spiralling pandemic Dollar heads back towards 2½-year lows, bullish case for equities not over But plenty that can go wrong as Georgia runoffs, Electoral College count pose risks Cheery start to 2021 as markets pin hopes on vaccines The first t
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UK lenders approved most mortgages since 2007 in Nov - BoE
Slideshow ( 2 images )LONDON (Reuters) - British lenders approved more than 100,000 new mortgages in November, the most since the start of the financial crisis in August 2007, defying expectations of a slowdown in the housing market boom that started after the first COVID lockdown. Bank of England d
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Dollar Kicks Of 2021 On The Backfoot, Gold Shines
The Greenback remains an unloved currency on the first trading day of 2021. Low interest rates and an improving economic outlook following vaccines rollout has led to further short selling in the US Dollar, particularly against the Euro and Chinese Yuan. China’s Renminbi strengthened 1% in early Mon
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AUD/USD to extend the rally above 0.7750 – OCBC
Terence Wu, FX Strategist at OCBC Bank, expects the Australian dollar, which is edging higher against the US dollar, to stay supported in the near-term. The AUD/USD pair has recaptured the 0.7700 level starting out 2021 and now targets the 0.7750 mark. Key quotes “The AUD/USD bullish trajectory rema
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USD/CNH: Outlook remains negative – UOB
FX Strategists at UOB Group noted the outlook for USD/CNH still looks negative in the near-term. Key Quotes 24-hour view: “USD closed little changed at 4.5019 last Thursday (6.5019, -0.07%) but weakened after opening this morning. Downward momentum has improved and the risk is for USD to weaken furt
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US Senate Race To Be Decisive
Market movers today We start off a busy week with a fairly quiet day with regard to economic releases, so market focus will be on possible new restrictions following the spreading of the coronavirus variant and US politics with the senate run-off tomorrow. Tomorrow, the run-off for the two US senate
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AUD/USD Tetap Dalam Tawaran Beli Di Atas 0,77 Meskipun IMP Tiongkok Di Bawah Perkiraan
AUD/USD diperdagangkan pada 0,7715 versus 0,7681 di Asia awal. IMP Caixin Tiongkok turun menjadi 53,00 di bulan Desember. Analis memperkirakan pemulihan berkelanjutan dalam aktivitas manufaktur global. AUD/USD terus diperdagangkan di wilayah positif di atas 0,77 meskipun data Tiongkok
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Market Update: More grief for the greenback
USDIndex, Weekly My diary tells me it’s day 366 of 2020. I started my WFH campaign on March 11, when the USDIndex was trading at 96.40 and on its way to 103.80 by March 23. Today, as we close an unprecedented year, the USDIndex has posted another major-trend low, at 89.51, a level last traded in Apr
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EUR/USD Price Analysis: On the bids around multi-month top around 1.2300
EUR/USD rises for the fourth consecutive day while probing the highest levels since April 2018. Sustained trading beyond 10-day SMA, eight-week-old support line favor buyers. EUR/USD pokes the 32-month high, flashed the previous day, while taking rounds to 1.2305, up 0.12% intraday, during early Thu
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China's services activity growth slows in December - official PMI
BEIJING (Reuters) - Activity in China’s services sector expanded at a slower but still strong pace in December, official data showed on Thursday, supported by pent-up demand as the recovery from the coronavirus gathered pace. The official non-manufacturing Purchasing Managers’ Index (PMI) fell to 55
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Pull-up Update
