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 »
The Indonesian central bank signaled for its fourth slash to its key interest rates amidst the gloomy global economic outlook. Reports of the latest cut indicate the fourth straight cut this year starting in July to this October. The central bank lowered the country’s seven-day reverse repurchase rate by 25 basis points or bps to …
Indonesian Central Bank’s Fourth Rate Cut | 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. EURHUF The pair is trading in the green in the current session after days of slumping. During the previous sessions, the exchange rate of the pair crossed below the 50-day moving average. It has …
Daily Market Charts and Analysis October 24, 2019 Read More »
The Turkish lira or TRY rallied yesterday after news that Ankara and Moscow reached an agreement regarding Syria. The Russian government warned the Kurdish forces or Kurdish YPG militia fighters to leave the Turkey-Syria border. According to Moscow, if the Kurdish unit failed to comply with their orders, they will be crushed by the Turkish …
Turkish Currency Rallies Amidst Threats | Wibest Read More »
The Turkish lira strengthened in today’s trading after the Turkish government reached an agreement with Russia. The deal boosted the currency against the major forex players this Wednesday’s sessions. The first pair that declined is the US dollar to Turkish lira trading pair. The USD TRY exchange rate went down by 0.68% or 0.0396 points …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDNZD The pair has traded in the negative for the previous four sessions, slipping down from multi-month highs toward the 50-day moving average, which is now serving as a support line for the prices. …
Daily Market Charts and Analysis October 23, 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. EURDKK The pair is going on in an uptrend, with the prices going above both the 200-day and 50-day moving average on the daily chart, indicating a bullish momentum for the pair. Also, the …
Daily Market Charts and Analysis October 21, 2019 Read More »
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