After suspending the Australian Financial Services (AFS) licence of Financial Options Pty Ltd in August of last year, the Australian Securities and Investments Commission (ASIC) announced this Tuesday that it has now cancelled the company’s licence.
Financial Options, a Queensland-based
USD/JPY has erased losses, but so far gains have remained elusive.
The upside is likely being capped by the losses in the S&P 500 futures.
USD/JPY's recovery from session lows could be short-lived, as the US equity index futures are now flashing red.
The pair's retreat from the nine
EUR/JPY downside remains compelling in the 118 handle.
Coronavirus failing to support the yen, although euro is weaker as data fails to impress.
EUR/JPY is currently trading at 118.67 between a range of 118.55 and 118.68, as bulls step away from the bearish rend which recently broke below a critic
Open interest in EUR futures markets rose by nearly 6.5K contracts on Wednesday, reaching the second build in a row according to advanced data from CME Group. In the same line, volume edged higher for the second consecutive session, this time by around 18.7K contracts.
EUR/USD remains under pressure
The Australia and New Zealand Banking Group (ANZ) analysts provide a sneak peek at what to expect from New Zealand’s Employment data due for release next week.
“We expect the unemployment rate held steady at 4.2% in Q4, supporting a robust household sector despite the sharp slowing in ec
Analysts at Morgan Stanley call for one more Reserve Bank of Australia (RBA) rate cut this year, in addition to the Feb rate cut expectations. However, they said the RBA will not implement the quantitative easing (QE) program to ramp up inflation and growth.
“The RBA will need to provi
Alvin Liew from Global Economics & Markets Research at UOB Group assessed the latest Payrolls figures.
“December’s employment creation came in below expectations, as the US economy added 145,000 jobs in the last month of 2019 (Bloomberg median forecast: 160,000). Adding to the disappo
Risk sentiment was in check on Monday as investors stay on the sidelines for global cues.
The US earnings report for the fourth quarter of 2019 is underway. Meanwhile, Washington announced that it will remove China’s label as a currency manipulator.
Investors see this as another positive move toward
Benefiting from a low base effect, the Chinese economy is likely to report stronger trade growth numbers in December, the latest Reuters poll of 31 economists revealed on Monday.
“Exports by the world’s second-largest economy likely rose 3.2% in December from a year earlier, improving
Photo: Australian bushfires
“How can we sleep while our beds are burning” are the lyrics from a Midnight Oil song, a popular band in the land down under. Now, it feels like those words are a prophecy, with many Australians having lost their homes in the country’s worst-ever bushfire season on reco
It’s been a turbulent session, but that’s not to say risk cannot pick itself back up from here. If Trump allows.
It was clearly a game of two halves for traders, with risk-off dominating the first half upon news of Iran attacking US bases in Iraq. Yet fears subsided and markets reversed course when
USD/CAD fails to hold onto recovery gains.
Rallying prices of Canada’s key exports, mainly due to Iran attacks on the US facilities in Iraq, seems to weigh on the pair.
US reaction, data will offer a busy day ahead.
Having failed to stay strong above the 1.3000 mark, USD/CAD declines to 1.2990 duri
Global rating giant Moody’s recently crossed wires while spreading analysis of Australia economy. The rating major previous cut down Australian economic growth forecast for 2020 to 2.2%.
Australian states face rising budget pressure from soft economy, record spending programs.
AUD - Australian Dollar
The Australian dollar drifted lower through trade on Wednesday, slipping back below 0.68 US Cents as US/China tensions continue to simmer and the promise of a trade deal fades. In the absence of domestic data, the AUD was at the mercy of offshore risk sentiment and the FOMC’s