Market Recap Recommended by Jun Rong Yeap Get Your Free Equities Forecast Wall Street headed higher for the fourth straight day, but this time with more measured gains as some reservations kicked in ahead of the US core Personal Consumption Expenditures (PCE) data release later today. Current consensus are for a stronger growth in the
Australian Dollar Vs US Dollar, China PMI – Talking Points: AUD rose after China manufacturing activity beat expectations. AUD/USD is attempting to break above key resistance. What are the key levels to watch in AUD/USD? Recommended by Manish Jaradi Improve your trading with IG Client Sentiment Data The Australian dollar rose briefly against the US
Treasuries and Wall Street rallied to kick off the last week of the month for what’s been a pretty bearish August. The same stands so far today. Rate hike fears amid a “higher for longer” policy stance, supply concerns, worries over spillover from slowing growth from China, mixed earnings, and fading AI enthusiasm helped knock
This snippet from ANZ on oil demand in China, some better news: signs of strength in China’s jet fuel market are likely to boost sentiment. China weekly flights have surged 13% above pre-COVID levels in the week ending 20 August. International travel is picking up, with bookings for overseas group tours during the National Day
Recommended by Daniel Dubrovsky Get Your Free Gold Forecast The US Dollar mostly outperformed against its major counterparts this past week. The British Pound, Euro and Canadian Dollars were some of the worst-performing majors while the Chinese Yuan and Australian Dollar fared better. Taking a look at commodities, gold performed well while crude oil prices
© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang SHANGHAI/BEIJING (Reuters) -China’s central bank has asked domestic lenders to scale back outward bond investments according to two sources with direct knowledge of
Share: AUD/USD licks its wounds after falling the most in three weeks the previous day. Markets brace for key central bank speeches at Jackson Hole Symposium. Mixed concerns about policy pivot, higher for longer rates prod traders amid light calendar. US Dollar stays firmer on mostly upbeat data, hawkish Fed talks ahead of
Share: Economists at Société Générale make an upward revision to USD/CNY. An arduous march to 7.60 by the end of 2023 We revise up our year-end USD/CNY forecast by 0.20 to 7.60. The policy response, seemingly less organised than in the past, should pave the way for the USD/CNY pair to overshoot rather
AUD/USD ANALYSIS & TALKING POINTS Lack of Chinese stimulus weighs on Aussie dollar. RBA’s higher for longer > Federal Reserve. Turnaround or continuation for AUD/USD? Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar is trading at extreme levels this Monday as the PBoC decided to modestly reduce
© Reuters. FILE PHOTO: Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo SHANGHAI (Reuters) -China’s major state-owned banks were seen actively mopping up the on Monday, three people with knowledge of the matter said, as the currency comes under growing pressure from a darkening
