Australian Dollar Stagnant as US Dollar Rises Before ISM PMI
Australian Dollar Stagnant as US Dollar Rises Before ISM PMI The Australian Dollar (AUD) maintained its stability as investors adopted a cautious stance ahead of the upcoming release of the ISM Manufacturing PMI in the United States on Monday. The AUD found some early support during the Asian trading session following an increase in Australia’s […]
FOMC Minutes, Fed Hiking Rates slowly
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] FOMC Minutes, Fed Hiking Rates slowly At the November 2nd FOMC meeting, members unanimously agreed to hike the Fed Funds rate by 75bps to bring the key rate to 3.75%-4.0%.The statement from the meeting said members agreed that ongoing rate hikes were necessary until rates were “sufficiently restrictive”. In addition, the statement noted […]
Another FED Hawkish 75bp Hike Rates
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Another FED Hawkish 75bp Hike Rates Fed hiked rates by 75bp as highly expected. Powell delivered a hawkish message, emphasizing the need to tighten financial conditions further. We have not seen Fed make significant progress towards its goals over the past month. It is expected that a 50bp hike will come in February […]
TECHNICAL UPDATE 15th JUNE
TECHNICAL UPDATE 15th JUNE EUR/USD EUR/USD bounced up from the key level of 1.21. USD’s next support zone is at 1.19700 and thus the subsequent resistance zone is at 1.21500. look for selling opportunities of EUR/USD. The EUR/USD pair is marginally higher at the beginning of the week, trading above the 1.2100 thresholds. The EUR/USD […]
Technical Market update 14th June
Technical Market update 14th June EUR/USD Recently the pair broke the support zone of 1.21500. Initial bias is now on the downside within the week for 1.1985 support first. Break there’ll confirm that the consolidation pattern from 1.2348 has started the third leg. A deeper fall would then be seen back to 1.1703 support. On […]
Technical Market update
Technical Market update EUR/USD EUR/USD stays pressured around the key level of 1.2180-75 amid the early Asian session on Thursday. The pair refreshed weekly top the previous day before reversing from 1.2218. Recently the pair failed to break the key level of 1.22. The ECB will be announcing its monetary policy decision later in 1945 […]
S&P500 Goes Near to Key Infection Point Due to US Presidential Election
S&P500 Goes Near to Key Infection Point Due to US Presidential Election It is the official one week left for the US presidential Election voters the ballots amid due to the coronavirus and also has the concern with public safety. If we have look at the early indicators shown that the record of the […]
Non-Farm Payroll August Outbreak Dollar Boosted Better Than Expected In August
Non-Farm Payroll August Outbreak Dollar Boosted Better Than Expected In August After a long time, it is expected that the US financial stoppage from the second COVID wave never showed up yet the absence of desperate measurements has not been sufficient to lift the dollar from its multi-week difficulty. The uplifting news is required […]
Share Market In Asia’s Going Worst and Just Got Another Jolt
Share Market in Asia’s Going Worst and Just Got another Jolt There are some of the bad worst news for the Philippine stocks that seem bad in Asia this year. If we have the look at the overseas investors it will be dumped back to the net $138 million of the local share last […]