Asian stocks shook off a sluggish start and edged up on Monday, with Japan outperforming on upbeat earnings, while the dollar regained traction as the U.S. government looked likely to avoid a shutdown.MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent. Japan's...
The euro has started the week quietly, as EUR/USD trades at the 1.09 line. German and French banks and stock markets are closed for the May 1 holiday, so we can expect the lack of movement to continue during the day. In the US,...
NAB FX Strategy Research notes that USD/JPY is currently trading around 3 big figures higher relative to the 108.21 lows reached on 17 April.In particular, NAB notes that the recent rebound in the pair was originally fuelled by an ease in geopolitical and global trade...
Asian stocks slipped on Friday as investors took profits after a strong week, while the Korean won weakened after U.S. President Donald Trump said he would renegotiate or terminate a trade deal with South Korea.Britain's FTSE 100, Germany's DAX and France's CAC 40 are...
Barclays reported its first quarter profit more than doubled on Friday, but its investment bank missed out on a bond trading boom that saw earnings surge at its Wall Street rivals and its shares fell in initial trading.Barclays said its profit before tax was...
The GBPCHF has been experiencing some strong sentiment swings recently which comes as little surprise given the focus on both sides of the quote amid ongoing Brexit and global geopolitical uncertainty. As a result, exactly where the pair is going to end up is...
The yen was better bid as risk sentiment was the main driver despite a slew of data out of Japan during today’s Asian session.Japan’s core CPI number remained well below the Bank of Japan’s 2% target and rose at a slower pace in March...
Despite market disappointment with the lack of detail surrounding President Trump’s tax plan US markets still managed to finish the day higher with yet another record for the Nasdaq as markets once again front ran good tech company earnings, this time from Amazon, Microsoft...
The European Central Bank (ECB) is widely expected to retain the zero-interest rate policy (ZIRP) as it struggles to achieve its one and only mandate for price stability, but the Governing Council may sound more dovish this time around in an effort to ward...
The following are brief expectations for the ECB April meeting statement as compiled from the related research reports of 7 major banks. Overall, they see the ECB on hold with a neutral to a slightly dovish message and sees EUR a buy on dips. Nomura Research: Nomura expects all the...