Analysts at Goldman Sachs are still expecting the US Congress to deliver more stimulus spending by the end of December, but believe the probability is now much lower than it was a couple of months ago.
The August jobs report reduces political pressure for further stimulus.
The two side
USD/JPY prints three-day winning streak while attacking 106.50.
Upbeat Japanese PPI, vaccine news become latest catalysts to watch.
US-China trade deal talks, US push for COVID-19 cure and mixed American data played their parts earlier.
Japan’s Leading Economic Index, US Durable Goods Orders to deco
The US employers shed more than 22 million people from their payroll in the early days of the coronavirus pandemic. And while 18 million of those were billed as temporary layoffs in April, analysts at Goldman Sachs now fear that almost a quarter of them will become permanent.
Some 2 million of thos
US sanctions and other moves against Chinese firms is prompting China moves to ensure chip supplies.
This as part of that push:
Two Chinese government-backed chip projects have together hired more than 100 veteran engineers and managers from Taiwan Semiconductor Manufacturing Co., the world's leadi
The GBP/USD pair is trading near daily lows around 1.2725. Nonetheless, Friday's 4-hour chart is painting a favorable picture for bulls as the cable trades above all its SMA and momentum stays positive, Yohay Elam, an analyst at FXStreet, reports.
“GBP/USD is trading above the 50, 100, an
A combination of factors assisted EUR/USD to gain some follow-through traction on Monday.
Optimism over a potential COVID-19 vaccine continued undermining the safe-haven greenback.
The market reaction to an agreement on the EU recovery fund turned out to be ‘sell the fact’ play.
The shared currency
The US corporate bond yields, as represented by Bloomberg Barclays Average Corporate Bond Yield Index, have declined to a record low of 2.03% despite debt levels as a percentage of gross domestic product soaring to record highs.
This is because the Federal Reserve is buying individual corporate bon
S&P 500 Futures bounces off 3,132 to defy the previous day’s downbeat performance.
US coronavirus cases crossed 3 million mark, numbers from Victoria recede while Beijing holds zero figure.
China witnesses further hardships from the US but chooses to open a new national security office in Hong K
EUR/JPY's daily chart shows an impending bull cross of long-term averages.
Price patterns also indicate the path of least resistance is to the higher side.
EUR/JPY is looking to extend Monday's gain with key simple moving average (SMA) indicators eyeing their first bullish turn since November 2019
OANDA:AUDUSD still looking at a short for aussie, temporary bullish retracement - price sitting on a propulsion block - claimed h4 sell side liquidity - price should reject off -ob and continue the trend - entry/reentry around mid figure 0.69000
AUD/USD recedes from 0.6900 to print two-day losing streak.
MACD flirts with the bears, signals 100-bar SMA retest before highlight the key Fibonacci retracements.
A falling trend line from June 09 holds the door for the fresh run-up to challenge the monthly top.
AUD/USD bounces off intraday low of
1. JUNE MARKETS
2. UP STARS/DOWN STARS
3. GOLDEN OPPORTUNITIES
5. ON THE WEB
Markets cannot rally much higher on valid fundamentals. If SPX 3000 will be the approximate 2020 close (according to16 top market s
NZD/USD rises to the highest since January 29, prints six-day winning streak.
Hopes of faster economic recovery propel the quote off-late.
New Zealand’s Q1 Volume of All Buildings dropped -5.7% versus -0.8% prior.
A light calendar keeps risk catalysts on the watch.
NZD/USD stays on the bid for the
USD/CAD stays depressed around the one-week low.
Trade optimism favors USD and CAD alike but WTI recovery adds strength to the Loonie.
Forecasts suggest a little less horrible job figures for Canada compared to the US.
USD/CAD drops to 1.3940, down 0.25% on a day, during the pre-Europe session on F