Reuters poll-risks to dollar forecasts skewed more to the downside in the next six months, 29 of 50 strategists say.
Reuters poll-safe haven currencies likely to benefit from worries about US-China tensions, over 70% of 57 analysts say.
At the time of writing, the DXY is trading back where prices w
Despite growing unrest in the U.S. over the killing of George Floyd, an unarmed black man last Friday, and continued concerns about U.S.-China tensions over the Hong Kong issue, European markets closed higher on Tuesday as optimism about recovery pushed up stock prices.
Amid hopes of economic recove
In a meeting with ruling party lawmakers, Japanese Prime Minister (PM) Shinzo Abe said that the government will submit its second additional budget proposal to the parliament early next week.
The budget would fund a new USD1.1 trillion stimulus package to tackle the coronavirus impact on the economy
The market is being “driven by sentiment” and is overvalued, warns one veteran strategist.
“The rally that has happened, it always happens after big crises, but going back to the beginning of time, we've never seen a bottom in a stock market within six months after a 30% sell-off leading into a rece
Addressing the Reuters Global Market Forum, noted fund managers and economists said that US Federal Reserve (Fed) is unlikely to steer the Fed fund rates into the negative territory, as reflected by the Fed fund rates futures by early 2021.
“The Fed isn’t in negative territory and has sai
In a statement, the Iraqi Oil Minister says that OPEC+ could take additional steps to absorb oil surplus.
Iraqi oil minister says Tuesday meeting with some opec+ members discussed the reasons and consequences of the falling oil prices in US markets.
More to come...
GBP/JPY remains on the back foot below near-term key resistance confluence.
The monthly low becomes the key.
An upside break of the resistance confluence can challenge the monthly top.
GBP/JPY declines to 128.00, down 0.16%, amid the initial Tokyo trading on Tuesday. In doing so, the pair extends i
EUR/USD slips to lowest since April 2017 during Friday's Asian session.
A bearish weekly close looks likely and could cause more sellers to join the market.
EUR/USD fell to 1.0653 a few minutes before press time, setting a new three-year low below Thursday's low of 1.0655.
At press time, the hour
Focus somewhat turns from stock markets to currencies today. Major global indices are staying in rather tight range today, based on recent volatility. Fiscal and monetary measures from major central banks and governments are providing little support to sentiments, as coronavirus pandemic continues t
AUD/USD bears catch a breath after consecutive seven days of declines.
Aussie PM announced further warnings, RBA infuses liquidity.
Fed’s salvo continues with a short-term credit line for primary dealers being the latest weapon.
S&P anticipates half Asia-Pacific growth during 2020, Aussie Retail
EUR/USD stalls corrective slide near 1.1085, as USD weakness persists.
DXY, Treasury yields dumped on surprise Fed rate cut to zero.
Next of relevance remains the G7 and EU coronavirus response.
EUR/USD is back on the 1.1100 level, defending minor gains amid a stalled rebound in the US dollar acr
GBP/JPY has been bearish for on the daily chart upon producing a triple top. The price consolidated, created a bearish reversal candle, and continued its bearish journey. Yesterday, the pair produced a bearish candle, which engulfed the day before yesterday's corrective bullish candle. Thus, the pai
Yen surges in Asian session as sentiments are knocked down hardly by US ban of European travellers. Global coronavirus cases jumped to 126,367 with 4633 deaths. Situation in Europe continue to worse, particular dire in Italy, cases in US also rose above 1,300. Nevertheless, new numbers in China, the
WTI recovers losses from the multi-year low.
December 2018 low, 38.2% Fibonacci retracement acts as short-term key resistance.
Fresh selling can print new low under $27.70.
Having marked a flash crash of more than 20%, WTI retraces to $32.37 during Tuesday’s Asian session.
While the recent recovery
Construction Purchasing Managers' survey data from Germany is due on Thursday, headlining a light day for the European economic news.
At 12.30 am ET, Dutch consumer price data for February is due. Inflation had eased to 1.8 percent in January from 2.7 percent in December.
At 3.30 am ET, IHS Markit i