Coming up on Tuesday - Fed Chair Powell speaking
Federal Reserve System Chair Powell speaks to the National Association for Business Economics.
At 1440 GMT on Tuesday 6 October 2020
To speak from a prepared text, I haven't sighted the topic but given the venue it should be pertinent.
There will be a Q&A to follow
Crypto Exchange EXMO UK Hires Tarek Aljneidi as Marketing Manager
Photo: iStock
UK-registered Bitcoin exchange EXMO has appointed Tarek Aljneidi as its newest Marketing Manager, effective immediately.
Tarek will now be responsible for scaling EXMO UK operations across Europe and will also be tasked with growing the business across the region at a time of rapid c
Australian, NZ Dollars Higher After China Data
The Australian and NZ dollars appreciated against their major counterparts in the European session on Wednesday, as China's consumer price index matched forecasts in August.
Data from the National Bureau of Statistics showed that the CPI rose 0.4 percent month-on-month in August versus 0.6 percent
Silver Price Analysis: XAG/USD sellers look for entry below $26.70/65
Silver trades in a choppy range between $26.97 and $26.68.
A confluence of 21-day EMA, an ascending trend line from August 12 restricts immediate downside amid bearish MACD.
Bulls need to refresh the monthly top to retake controls.
Silver struggles for a clear direction while taking rounds to $26.8
USD/CAD Price Analysis: On the back foot below 50-HMA, weekly resistance line
USD/CAD remains pressured near the lowest since January 2020.
Failures to cross a short-term resistance confluence favor sellers.
200-HMA adds to the upside barriers for the bulls’ entry.
USD/CAD drops to 1.3085, down 0.10% on a day, during the pre-Tokyo open trading on Monday. In doing so, the loo
When are China’s official PMI data and how could they affect AUD/USD?
China Federation of Logistic and Purchasing will release August month’s official PMI numbers around 01:00 GMT on Monday. It should also be noted that Australia’s TD Securities Inflation figures for the current month become an additional catalyst to watch for the AUD/USD pair traders.
Aussie traders
ForexLive Americas FX news wrap: S&P 500 hits all-time high
Forex news for North American trade on August 18, 2020:
#XAU/USD#
#XAU/USD#
USD/JPY bounces 40 pips from session lows despite rally in Asian stocks
USD/JPY reverses early losses to trade near 105.50.
Dollar's recovery looks confounding in the wake of an uptick in Asian stocks.
The US 10-year yield remains under pressure near 0.66%.
The safe-haven American dollar is drawing bids despite the rally in Asian stocks and pushing USD/JPY higher.
A
EUR/JPY clears 200-week ma at 124.86 and is on course to test 127.75 – Commerzbank
EUR/JPY has cleared the 200-week ma at 124.86 and is now trading around 125.20 after hitting a high near 125.60 early on Thursday. The pair is heading to test the 127.75 and will retain an upside bias while above the three-month uptrend at 122.69, Karen Jones, Team Head FICC Technical Analysis Resea
Equities and gold rally as dollar resumes weakness
Euro Back Near July Highs
The common currency resumed its bullish momentum after a brief consolidation near the 1.1750 handle.
With support firmly established, EURUSD is back trading close to the 1.1900 level, marking the July 31 highs.
A close above this level is required for the bullish momentum t
DAX intraday: Bullish bias above 12773.00
DAX: Bullish bias above 12773.00
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 12773.00
Our preference Long positions above 12773.00 with targets at 13090.00 & 13230.00 in extension.
Alternative scenario Below 12773.00 look for further downside with
Asia Market: The vaccine trial is the cherry on top
US equities were stronger Tuesday, the S&P up 1.3% with steady gains late in the session after a choppy session earlier, and oil and gold were both up a bit.
Improved US equity sentiment came with a positive start to Q2 earnings reports, with JPMorgan and Citi beating expectations despite citin
IMF’s Gopinath: More concern over risk inflation going too low than too high due to COVID-19
The International Monetary Fund (IMF) Chief Economist Gita Gopinath said on Friday, “we have more concern over risk inflation going too low, rather than too high, due to COVID-19.”
Additional quotes
“Because there are bigger insolvency issues as covid-19 persists, govts must shift more to equity sup
Germany's Industrial Production Recovers In May
Germany's industrial production recovered in May, helped by an easing of lockdown measures, Destatis reported Tuesday.
Industrial output grew 7.8 percent on a monthly basis in May, in contrast to a revised 17.5 percent fall in April. Production was forecast to grow 10 percent in May.
On a yearly bas
Dollar ends unchanged in holiday-thin North American trading
Market Review - 04/07/2020 02:15 GMT
Dollar ends unchanged in holiday-thin North American trading The greenback moved relatively narrowly on Friday as U.S. markets were closed for July 4th Independence Day holiday, price maintained a steady to firm undertone as rise in coronavirus cases in the U
