Baqh700
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Malaysia
07 May Birth
Beginner at trading and investing. A curious cat for cash, willing to learn. Hope to connect with you guys out here!
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Dollar Extends Slide Against Peers On Weak Economic Data
The U.S. dollar drifted lower on Thursday, losing ground again other major currencies, hurt by data showing a record drop in U.S. Gross Domestic Product in the second quarter.
A report showing an increase in unemployment claims in the week ended July 25th contributed as well to dollar's decline.
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Wall Street Sees Red
Gross Domestic Product for the second quarter and the weekly jobless claims might be the focus on Thursday. The unremitting surge in COVID -19 infections across the globe continues to dampen investment sentiments.
Trading on Thursday may be impacted by reaction to report as well as a preliminary
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Hong Kong Stock Market May Extend Thursday's Losses
The Hong Kong stock market on Thursday ended the two-day winning streak in which it had advanced almost 280 points or 1.2 percent. The Hang Seng Index now rests just above the 24,710-point plateau and it's expected to see continued consolidation on Friday.
The global forecast for the Asian markets
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AUD/USD: Chances to break the 0.72 mark while above 0.71
AUD/USD recovered some ground on Monday, ending the day not far below a daily high of 0.7149. Today, the aussie is on the back foot, trading around the 0.7130 mark, down 0.2% on a day. The pair is neutral-to-bullish in the short-term and could break through 0.7200, Valeria Bednarik, Chief Analyst at
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EUR, GBP, CHF continue their march higher vs the USD.
AUDUSD and NZDUSD moving higher too
The dollar continues to be hit with the EUR, GBP and CHF marching to new move highs. The AUD and NZD are also moving higher as well (NZD trading to new day highs but off recent move highs).
EURUSD: The EURUSD moved into the swing area from 2018 between 1.18147 a
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