USD/CAD Nears 1.3560, Drops Due to Rising Crude Oil Prices
USD/CAD Nears 1.3560, Drops Due to Rising Crude Oil Prices The USD/CAD currency pair continues its downward trajectory for the second consecutive day, inching closer to 1.3560 in the Asian trading session on Wednesday. This negative movement is primarily influenced by the robust performance of Crude oil prices, which bolsters the Canadian Dollar (CAD), thereby […]
Australian Dollar’s Gains Limited by Stronger US Dollar, Awaiting ISM PMI
Australian Dollar’s Gains Limited by Stronger US Dollar, Awaiting ISM PMI On Monday, the Australian Dollar (AUD) showed signs of recovery, offsetting some of its recent losses. This upward movement appears to have been driven, in part, by encouraging Purchasing Managers Index (PMI) data from China, suggesting a positive outlook for the Australian economy due […]
China’s Industrial Revival Signals Further Economic Rebound
China’s Industrial Revival Signals Further Economic Rebound China’s manufacturing activity exceeded expectations in March, signaling a promising path towards the country’s ambitious 5% growth target for the year. The Caixin manufacturing purchasing managers’ index (PMI) climbed to 51.1, marking a fifth consecutive month of expansion and the longest streak in over two years. The government’s […]
New Zealand Business Confidence Drops Amid Weakening Activity, Survey Indicates
New Zealand Business Confidence Drops Amid Weakening Activity, Survey Indicates In March, New Zealand’s business landscape faced a notable dip in confidence, according to an ANZ Bank survey. The findings indicated a downward trend in activity indicators and a marginal decrease in inflation pressures. This shift reflects a more cautious outlook among businesses regarding the […]
Potential Intervention Threatens Traders with Significant Yen Option Wagers
Potential Intervention Threatens Traders with Significant Yen Option Wagers The upcoming expiry of nearly $3 billion in dollar-yen options is causing considerable unease among traders, as the Japanese currency reaches levels that could prompt government intervention. On Wednesday, the yen weakened to its lowest in about 34 years, hitting 151.97 against the dollar. This significant […]
GBP/JPY Drops Below Mid-191.00s Following BoJ’s Verbal Intervention
GBP/JPY Drops Below Mid-191.00s Following BoJ’s Verbal Intervention During the early hours of the European session on Wednesday, the GBP/JPY currency pair exhibited a downward trend, trading around 191.30 and breaking its two-day streak of gains. This shift in momentum comes as the Japanese Yen (JPY) begins to regain some of its recently lost ground, […]
Amid a Soaring Stock Market, India’s Consumer Stocks Gain 18% but Still Underperform
Amid a Soaring Stock Market, India’s Consumer Stocks Gain 18% but Still Underperform India’s booming economy is exhibiting a stark contrast between the ultra-wealthy and the middle class, a trend reflected in the stock market’s response to consumer and luxury goods. Despite impressive growth, consumer companies in sectors like toiletries and appliances are not keeping […]
WTI Holds Modest Gains, Trading Above Mid-$81 with Bullish Outlook Intact
WTI Holds Modest Gains, Trading Above Mid-$81 with Bullish Outlook Intact On Thursday, during the Asian trading session, West Texas Intermediate (WTI) US Crude Oil prices experienced a notable upturn, attracting buyers and reversing some of the downward movement seen the previous day. The commodity is currently trading around the $81.70 region, maintaining proximity to […]
Impending Adjustments in US Stocks May Pose Challenges for Global Funds
Impending Adjustments in US Stocks May Pose Challenges for Global Funds The upcoming shift to a shorter settlement cycle for U.S. securities is presenting significant challenges for international fund managers. This change, set to be implemented on May 28, is a move to a T+1 settlement cycle, where transactions are settled one business day after […]
Pound Sterling Declines Amid UK’s Mild Inflation and Risk-Averse Market Mood
Pound Sterling Declines Amid UK’s Mild Inflation and Risk-Averse Market Mood In Wednesday’s trading session in London, the Pound Sterling exhibited significant volatility following the release of unexpectedly mild Consumer Price Index (CPI) data for February by the UK’s Office for National Statistics (ONS). The data showed a deceleration in annual headline and core inflation […]
Bank of Japan’s Interest Rate Shift Brings Optimism to China
Bank of Japan’s Interest Rate Shift Brings Optimism to China The recent move by the Bank of Japan (BOJ) to end its 23-year-long quantitative easing (QE) policy and the world’s last negative interest rate regime marks a significant shift in global economic dynamics. On March 19, BOJ Governor Kazuo Ueda announced the end of Tokyo’s […]
Gold Price Nears One-Week Low, Vulnerable Due to Hawkish Fed Forecasts
Gold Price Nears One-Week Low, Vulnerable Due to Hawkish Fed Forecasts As the European trading session commences on Tuesday, the price of gold (XAU/USD) is encountering fresh selling pressure. The precious metal appears to be halting its modest overnight recovery from the $2,145 region, marking its lowest point in over a week. A key factor […]
China’s Bond Market Flourishes Amid Global ‘Asset Famine’ for Investors
China’s Bond Market Flourishes Amid Global ‘Asset Famine’ for Investors In an unprecedented trend, Chinese sovereign debt is experiencing a record-breaking surge, indicating a mix of low confidence in the country’s financial system and an excess of liquidity in the form of cash and bank deposits. The longer end of China’s bond market has seen […]
Japan’s Stocks Fluctuate, Yen Nears 150 Following BOJ’s Predicted Policy Shift
Japan’s Stocks Fluctuate, Yen Nears 150 Following BOJ’s Predicted Policy Shift On Tuesday the Japanese stock market experienced notable fluctuations, while the national currency, the yen, weakened to a level close to 150 per dollar. This market activity followed the Bank of Japan’s landmark decision to conclude its eight-year practice of negative interest rates, marking […]
China’s February New Bank Loans Decrease Beyond Expectations, Hitting Record Low Lending Growth
China’s February New Bank Loans Decrease Beyond Expectations, Hitting Record Low Lending Growth In China, new bank lending in February experienced a sharper decline than anticipated from a record high in January, as the central bank continues efforts to stimulate the country’s sluggish economic growth and counter deflationary trends. According to Reuters’ calculations based on […]
Rightmove Reports Largest Increase in Property Listing Prices in 10 Months for March
Rightmove Reports Largest Increase in Property Listing Prices in 10 Months for March In March, average property asking prices in the UK experienced a 1.5% increase, reaching £368,118, as reported by Rightmove. This latest data, focusing on newly-listed homes, indicates a £13,000 rise since December. However, the average asking price remains £4,776 below the peak […]
EUR/JPY Rises, Awaits BoJ Rate Decision Below Mid-162.00s
EUR/JPY Rises, Awaits BoJ Rate Decision Below Mid-162.00s During the Asian trading session on Monday, the EUR/JPY currency pair exhibited a stronger performance, stabilizing below the mid-162.00s range. This market movement comes amidst growing investor speculation that the Bank of Japan (BoJ) might soon shift away from its long-standing ultra-dovish monetary policy. The anticipation is […]
Major Currency Pairs Remain Stable Before Crucial US Economic Data Release
Major Currency Pairs Remain Stable Before Crucial US Economic Data Release Throughout the latter half of the week, major currency pairs have been exhibiting fluctuations within narrow margins. Following a slight downturn on Wednesday, the US Dollar (USD) Index has maintained a subdued profile, hovering just below the 103.00 mark in Thursday’s European morning. Market […]