More Worries Await ECB, Dimmer view on Growth
The European Central Bank is still uncertain to formally end its generous bond purchase scheme on Thursday, but will take an increasingly dimmer view on growth. Read more here!
Central bank
US Employment Expected to be Easing over Economy Fears
US companies possibly maintained a solid pace of hiring in November while increasing wages for workers, indicating that the economy is still strong enough for the Federal Reserve to continue raising interest rates in 2019. The Labor Department will publish its closely followed monthly employment report on Friday against a backdrop of a sharp selloff …
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Asian Stocks Shaky on Fed Rate Speculation
Asian shares fought to maintain the slimmest of recoveries on Friday amid the speculations that the Federal Reserve might be aiming for one last interest rate hike before pausing. Read more here!
Oil Prices Weak as OPEC Delays Supply Cuts
Oil prices slipped on Friday, dragged down by OPEC’s decision to delay a final decision to slash outputs, awaiting support from the non-OPEC but key member Russia. Read more!
Australia Bank Next Rate Move Possibly Up
Australia’s central bank has some room to slash policy rates from current record lows although the next move is still likely to be an increase rather than a decrease, said Deputy Governor Guy Debelle. Read more here!
Yen Strengthens against the Dollar on Huawei Arrest
The safe haven yen edged higher against the US dollar on Thursday as the arrest of a leading Chinese executive in Canada. Read more here
Dollar Slides after Treasury Yields Decline
The dollar slumped in Asia on Tuesday after US Treasury yields slipped from three-month lows, with investors fretting over a possible pause in the Federal Reserve’s rate hike cycle and portents of recessions seen in a yield curve inversion. Read more!
Yield Curve Narrows, Fed in Debate
Top US Federal Reserve officials say that a strong economy will possibly keep the bank’s increase plan intact, but on Monday a key signal, which is the yield curve, started to waver. Read more here!
Asian Stocks Volatile Ahead of High-Profile US-China Meeting
Asian stocks floundered on Friday as investors sat on edge before a crucial weekend meeting between the US and China. Read more here!
Fed Minutes Show “Warranted” Rate Hike Soon
Fed minutes of the November 7 to 8 policy-setting meeting showed that another interest rate increase was “likely to be warranted fairly soon.” Read more here!
Dollar Cautious Ahead of Trump-Xi Meeting
The dollar took tentative trades in cautious Friday trade ahead of the meeting of US and Chinese leader . Read more here!
Charts and Analysis November Major Pairs Update
EURUSD The pair is expected to continue to go lower after it broke down a major support from August. The European Union was expected to go into recession after the United Kingdom will go out of the European Union, since it was the largest economy among the 28 member nations. A weaker Eurpean Union, a …
US Dollar Nears 10-Week Highs Ahead of US Growth Report
The dollar was near a 10-week high on Friday as investors anticipated the US economic growth figures’ impact on its continuing strength that has been going on for months in the forex world. US President Trump has been outspoken about his displeasure over the dollar’s strength, deviating from a custom in which US presidents try …
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Japan to Retain Policy, Centers on 10-Year Yield Range
The Bank of Japan retain its policy settings at its meeting this week, according to economists in a poll, amid stronger speculation that the BOJ will eventually use greater flexibility in yield movements as a tightening measure. [img desc: Bank of Japan Maintains Policy Stance, Centers on 10-Year Yield Range] All 46 analysts that were …
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