Analysts at Citigroup offer their view on trading the EUR/USD pair in the near-term, as coronavirus contagion spills over to Italy.
“The euro is particularly vulnerable against the USD with a China-centric growth disappointment.
Spread of coronavirus to Italy could hamper Europe GDP grow
According to flash figures from CME Group for Crude Oil futures markets, traders trimmed their open interest positions for yet another session on Thursday, this time by around 15.5K contracts. Volume, instead, rose by around 14.7K contracts, reversing the previous drop.
WTI seen struggling around $5
CME Group’s advanced readings for GBP futures markets showed investors added around 1.2K contracts to their open interest positions on Wednesday, resuming the uptrend after Friday’s drop. In the same line, volume reversed the previous pullback and increased by around 52.2K contracts.
GBP/USD looks c
According to prediction markets, Bernie Sanders is now favourite to win the US Democratic Party nomination. He is also ahead in the opinion polls. That said, Sanders did not perform as well as expected in Iowa and New Hampshire.
Joe Biden has collapsed in opinion polls and now only has a 10% chance
EUR/USD witnessed an intraday turnaround on Thursday amid resurgent USD demand.
Thursday’s mostly upbeat US macro data helped the greenback to regain some traction.
Bulls remained on the defensive ahead of Friday’s second-tier Eurozone/US releases.
The EUR/USD pair had some good two-way price moved
EUR/GBP pulls back from a three-week high.
Bearish MACD, failures to take-out 0.8600 keep sellers on alert.
The year-start low will be in focus after the trendline breaks.
EUR/GBP drops to 0.8545 ahead of the European session on Thursday. The pair’s repeated failures to break 0.8600 seem to be a te
What are safe haven assets?
Safe haven assets are where investors and traders invest their money to protect against fundamental damage. Safe-haven currencies, safe-haven stocks, gold, and U.S. Treasuries have traditionally maintained or increased their value during periods of economic downturn or ge
The Federal Reserve is now focused intently on growth. It's not inflation and the focus is not on cutting or hiking interest rates. The focus for the Fed is whether or not it should cut or support growth.
The unknown factor is how much is the US-China trade war making companies cut
HSBC today said it has successfully completed its first blockchain-based cross-border Letter of Credit (LC) transaction dominated in Chinese yuan. The move is a further step in determining the viability of the crypto-linked technology in the global trade.
The pilot transaction, whic
Malaysia's producer prices fell at a faster pace in July, figures from the Department of Statistics showed on Thursday.
The producer price index declined 2.2 percent year-on-year in July, following a 1.8 percent drop in June.
Among sectors, prices of mining dropped 9.9 percent and that of agricultur
2130GMT - President of the San Francisco Federal Reserve branch Mary Daly is speaking. At the RBNZ/IMF conference in New Zealand. Q&A to follow.
2350 GMT Japan international securities flows for the week.
0100 GMT and back to New Zealand for ANZ's August business survey
Business Outlook prior 5
As Jackson Hole Symposium winds down, lingering geopolitical trade tensions and political jitters in Hong Kong, Italy and the UK remain on the table to add further to an uncertain backdrop and to weigh on sentiment. From the data perspective, Thursday and Friday are the most data-heavy days with US
Analysts at TD Securities point out that S&P is due to review its unsolicited B+ (stable) sovereign rating for Turkey and will be a key event for today’s market.
“Moody's has B1 (negative) and Fitch BB- (negative). When S&P affirmed its B+ (stable) rating back in February it said
French stocks were fluctuating in a narrow range on Wednesday as investors awaited the outcome of a two-day Federal Reserve meeting as well as Chairman Jerome Powell's post-meeting press conference for clues on the policy path.
Traders also awaited the release of Eurozone GDP, inflation and unemploy
Sacha Tihanyi, deputy head of emerging markets strategy at TD Securities, suggests that they have revised their BCB rate outlook and now expect two more consecutive 50bps cuts from the BCB, beginning with the meeting this Wednesday.
“The acceleration of the pension reform process and stro