Futures Point to Full Week of Gains After Sharp Correction US equity markets could end the week with a full house of gains as long as indices manage to hold onto the small gains being seen in futures ahead of the open.This would also bring...
The Australian Dollar gained 30 basis points against the dollar following the data from the Australian Bureau of Statistics. In the highly anticipated data, the economy added 16K jobs in January, beating the analysts’ estimates of 15.3K. At the same time, the unemployment rate...
Talking Points:Sluggish currency markets look past speech from RBA Governor Lower. UofM consumer confidence gauge may not do much for the US Dollar. Profit-taking may translate into brief corrections of recent price moves.Currency markets drifted sideways in Asia Pacific trade. RBA Governor Philip Lowe testified in...
Danske Bank Research discusses the USD outlook in light of its price action post yesterday's stronger-than-expected US CPI and thinks that is testament to negative bias on USD in the market with the outlook for significant widening of the US public deficit."The downwards pressure on USD is...
The pound rose again on Friday as it headed for its best weekly performance since September against a dollar down across the board, as traders prepared for the release of UK retail sales figures. Sterling gained 0.1 percent to $1.4119 after hitting a day’s high...
Here are the latest developments in global markets:FOREX: The dollar index traded almost 0.3% lower on Friday, adding to the losses it posted yesterday and recording a new three-year low. The continued slide in the world’s reverse currency managed to push euro/dollar to 1.2555 overnight, marking...
After two successive weeks of sizeable losses for equity markets there was always the possibility that we’d see a bit of a rebound this week, and so it has proved, though once again the extent of the rebound has been led by US markets,...
BTNU Research discusses USD/JPY outlook as the JPY out-performance continues making the currency the best performing G10 currency on a year-to-date basis."So there is certainly a yen specific story here and the shift in risk tolerance and the increased appetite for hedging risk asset exposure...
The Canadian dollar has paused on Thursday, after posting strong gains a day earlier. Currently, USD/CAD is trading at 1.2491, down 0.01% on the day. On the release front, Canada releases ADP Non-farm Employment Change. In the US, there are a host of indicators, highlighted by...
Wall Street’s main indexes opened higher on Thursday, with Cisco leading a more than 200 point jump in the Dow Jones Industrial Average, as concerns of rising inflation eased.The Dow rose 206.95 points, or 0.83 percent, to 25,100.44. The S&P 500 gained 18.26 points,...