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NZD/USD: Outlook remains positive – UOB

The outlook for NZD/USD stays constructive but sustained gains above 0.7250 are not favoured, in opinion of FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that the ‘the rapid pull-back from the high has room to extend lower but any weakness is likely limited to a tes

Wall Street ends lower on worries over Georgia elections, virus surge

NEW YORK (Reuters) -Shares on Wall Street closed sharply lower on Monday, sliding from all-time peaks on the first trading day of the year, as risk appetite ebbed amid upcoming runoff elections in Georgia and the persistent surge in coronavirus cases. The Dow, which touched a record high earlier in

UPDATE 1-Coronavirus, Brexit deter sovereign investors from property-data

(Adds detail, graphic) LONDON, Jan 4 (Reuters) - State-owned investment funds invested the least in real estate in eight years in 2020, shying away from offices and hotels in particular, as the coronavirus crisis and Brexit sapped appetite. In contrast, infrastructure, the other main real asset, pul

S&P 500 starts 2021 at new all-time high near 3,770

Wall Street's main indexes started the new week on a firm footing. S&P 500 Energy Index posts strong gains after the opening bell. Major equity indexes in the US opened in the positive territory on the first trading day of 2021 but seems to be struggling to gather further bullish momentum. As of

PBOC sets yuan reference rate at 6.5408

The People's Bank of China (PBOC) has set the yuan reference rate at 6.5408 versus 6.5249 previous. USD/CNH (offshore yuan exchange rate) is currently trading at 6.4906, the lowest levels since June 2018.

Wall Street set to end pandemic year on strong note

(Reuters) - U.S. stocks were flat in thin trading on Thursday, but the S&P 500 and the Nasdaq were set to end 2020 with solid gains on hopes of more stimulus and coronavirus vaccines to support the domestic economy. The three main indexes surged to record highs this week in a stunning recovery s


Photo: Google Image Oanda is a United States-based forex trader that has gained popularity in recent times owing to its service provision. It was formed in the year 1997 in New York City with the aim of providing exemplary forex trading conditions. Over the two decades that it has been in operation,

Sensex Up Marginally In Lackluster Trade

The Indian stock market is roughly flat in late morning trades on Thursday, with stocks swinging between gains and losses amid a lack of significant triggers. The benchmark BSE Sensex, which was slightly weak early on, vaulted to a new high of 47,865.56, gaining about 120 points in the process, and


Photo: FBS Overview Financial brokerage services, or commonly known as FBS, is a renowned FX brokerage company that primarily operates in Asia. The forex broker has a number of offices in China, Indonesia, Russia, Philippines and even Malaysia. The company is regulated by the International Financial

Sensex, Nifty close at record high for third day

BENGALURU (Reuters) - Indian shares settled at a record high for a third straight session on Wednesday, tracking upbeat investor sentiment globally and continued foreign inflows. The Nifty ended 0.35% higher at 13,981.95, while the benchmark Sensex rose 0.28% to 47,746.22. Both indexes opened at rec

USD/CAD Selling Signals

The US Dollar has declined by 57 pips or 0.44% against the Canadian Dollar since yesterday’s trading session. The currency pair breached the 200– hour simple moving average on Tuesday. Everything being equal, bears could continue to pressure the USD/CAD exchange rate lower during the following tradi

Gold Price Analysis: XAU/USD flirts with session lows, below $1880 level

Gold failed to preserve modest intraday gains and edged lower during the early European session. The prevalent upbeat market mood was seen as a key factor weighing on the safe-haven metal. The heavily offered tone surrounding the USD might help limit deeper losses for the commodity. Gold witnessed s

Australia retail sales sparkles

The Australian dollar has posted losses for a second straight day. AUD/USD is currently trading at 0.7567, down 0.24% on the day. Australia retail sales jump The week started on the right foot in Australia, as retail sales climbed an impressive 7.0% in November. This crushed the consensus estimate o

BoJ members question policy

The Japanese yen is flat in the Monday session. Currently, USD/JPY is trading at 103.61, down 0.04% on the day. BOJ to conduct policy review The BoJ has indicated that it will review its stimulus programme, but it is unclear if this will translate into mere cosmetic changes or more significant moves

Japan braces for soft retail sales, CPI

The Japanese yen has posted gains on Wednesday, recovering most of the losses from the Tuesday session. Currently, USD/JPY is trading at 103.40, down 0.23% on the day. BOJ minutes discuss tweaks to policy Japan continues to struggle with an economic downturn and a resurgence in the number of Covid c

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