Equity securities in Asia moved after the string of monetary policy and interest rate announcements. MSCI’s broadest stock index for Asia Pacific ex-Japan gained 0.53%. It reached its highest since July 30. In Hong Kong, shares jumped 0.93%, and Japan’s Nikkei stock index fetched 0.43%. South Korea’s KOSPI soared 1.1%. On top of those, Shenzhen …
Equity Securities React to Monetary Policy | WibestBroker Read More »
Forex traders take their time to digest the news from central banks and their decision about their monetary policies. Both the Bank of Japan and the US Federal Reserve takes the spotlight in the forex market. The US dollar fell following the announcement of the US Federal Reserve this Thursday. The Fed decided to cut …
US Federal Reserve Monetary Decision in Focus | Wibest Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDTRY The pair is trading in large peaks and valleys, with the prices using the 50-day and 200-day moving averages as support levels. The overall trend is still sideways. Turkey-US relations continue to fall …
Daily Market Charts and Analysis October 31, 2019 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURTRY The pair has broken above its down-trending trading channel in recent sessions. However, the price appears to be slipping back in the area after paring back most of its gains. More importantly, though, …
Daily Market Charts and Analysis October 30, 2019 Read More »
US and China further influence the Asian market as they announce their trade progress. Risk appetite increases as the US expects more interest cuts this week. MSCI’s index of Asia-Pacific shares outside Japan went up 0.2% in early trade to its highest since July. Japan and Canada also set a meeting this week to prevent …
The People’s Bank of China or the PBOC continues to skip the reverse repos this Tuesday. Sources say that the decision aims to maintain reasonably sufficient liquidity in the country’s banking system. In an official statement, the central bank of China said that the increase in fiscal expenditures could affect the maturing reverse repos. The …
Bank of China Skips Reverse Repos Again | Wibest Read More »
Investors boosted the euro as they bid adieu to the now-former European Central Bank President, Mario Draghi. The pan-European Stoxx 600 climbed 0.3% to its highest since May 2018. Draghi was credited for his expansion of ECB’s arsenal of crisis-fighting tools with innovative policies involving lower borrowing costs. Italy was struggling with high borrowing costs …
Goodbye Draghi, Hello European Stock Rise | Wibest Broker Read More »
With just less than a week before the ECB Head, Mario Draghi’s departure from the central bank, traders are looking at the new boss. If critics say that Draghi did not go out with a bang, he most certainly did not leave in silence. Draghi strengthened his legacy in a conference last Thursday when he …
The euro soared when European Central Bank Mario Draghi passed his leadership to the former International Monetary Fund head, Christine Lagarde. The newly appointed president will focus on healing rifts among policymakers. The first female ECB President Lagarde will take office this Friday. She claimed she aims to focus on gender equality, climate action, and …
The European Central Bank or ECB takes the spotlight as the bank is just days ahead from renewing its bond-buying program. This time around, the ECB has no stated end-date for its “QE infinity.” The inflation gap of the eurozone came in smaller at 0.7%, and the balance sheet expansion turned more moderate, according to …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURJPY The pair has broken above its down-trending trading channel previously and rose above the 50-day moving average, inching closer to the 200-day moving average. In the previous two sessions, however, it traded in …
Daily Market Charts and Analysis October 28, 2019 Read More »
Economists say a steeper decline in larger economies is more likely than a synchronized recovery. Several Asian markets rely on the final decisions on Brexit and the US-China trade wars. Indices outside Japan only went up 0.05% as investors grow uncertain of global bank endeavors. Chinese blue chips went up by 0.56, while Hong Kong’s …
Asian Market Relies on Policy Meetings | Wibest Broker Read More »
Microsoft and Tesla lifted Nasdaq futures yesterday when they soared past expectations in yesterday’s session. Other American futures followed suit. Microsoft beat Wall Street expectations with a $33.06 billion compared to a predicted $32.32 billion, gaining 18 points. Analysts said the tech company is still in a stronger position than cloud peers. Tesla jumped 18.5% …
The Indonesian Bank unleashed its fourth interest rate cut yesterday due to concerns about the trade war. The floor for further key interest rates is still open as decisions will still be based on global and economic data. The IDR immediately reacted to the news as it gained against the US dollar and other currencies …
IDR Receives Support from the Indonesian Central Bank Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDISL The pair failed to break above the down-trending trading channel in recent trading sessions. It ended the previous session in the green, although the price reached multi-week lows in the same trading day. …
Daily Market Charts and Analysis October 25, 2019 Read More »
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