Sun, February 05, 2023

Trade Talks

China has set a growth target of more than 6% for 2021

China has set a growth target of more than 6% for 2021

Chinese Premier Li Keqiang announced on March 5 at an annual parliamentary meeting that China has set a growth target of more than 6% for 2021. Significantly, that’s the country’s most important political event of the year. The country reported GDP growth of 2.3% in 2020, the only major economy to expand amid the COVID-19 …

China has set a growth target of more than 6% for 2021 Read More »

Stocks and Brexit

How Brexit and Coronavirus Relief Bill Affected Stocks

There are numerous factors that have the potential to affect investor sentiment. It was a tough day for stocks in Asia-Pacific as investors monitored the situation regarding Brexit as well as ongoing negotiations in the U.S. for a coronavirus relief package. Let’s have a look at stocks across Asia-Pacific to learn more about the situation. …

How Brexit and Coronavirus Relief Bill Affected Stocks Read More »

Major currencies on Tuesday

U.S. dollar soared Wednesday as Trump postponed new stimulus

The U.S. dollar gained against most currencies on Wednesday after U.S. President Donald Trump postponed talks on economic stimulus with Democrat lawmakers. Investors’ demand for safe-haven assets grew after Trump commented on Twitter about the stimulus.   FX market had a few turbulent sessions since President tested positive on Covid-19. After Trump returned to the …

U.S. dollar soared Wednesday as Trump postponed new stimulus Read More »

Dollar, japanese Yen and other currencies

Japanese Yen stood at 106.30. What about other currencies? 

The Japanese yen traded at 106.30 per dollar on Tuesday. The Cabinet Office data showed that Japan’s economy shrank an annualized 28.1% in April-June. That caused some turbulence to the Japanese Yen, but it managed to steady considerably.   Meanwhile, the British Pound plummeted down by 0.8% versus the dollar due to stalemate in EU-UK …

Japanese Yen stood at 106.30. What about other currencies?  Read More »

Australian and New Zealand dollars fell. What about Euro

The Aussie dollar was steady on Friday. What about the Kiwi?

The Antipodean currencies declined slightly at the beginning of Friday’s session. Traders were worried after a sell-off in U.S. tech shares hit Asian stocks. However, the Australian dollar steadied at $0.7272 later on Friday. New data about local retail sales accelerating in July helped the currency. Meanwhile, the New Zealand dollar recovered some losses, last trading at …

The Aussie dollar was steady on Friday. What about the Kiwi? Read More »

Daily Market Charts and Analysis September 07, 2020

Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURCHF In a meeting held only hours ago, Switzerland’s visiting foreign minister promised all-out efforts to improve his bilateral relations and international dialogue with Iran. The three-day trip took place to discuss ways to …

Daily Market Charts and Analysis September 07, 2020 Read More »

U.S. Dollar climbed up

U.S. dollar remained steady on Friday. What about the Euro?

The U.S. dollar was steady against major currencies on Friday. Traders were waiting for key U.S. jobs data, expecting that it will shed light on the strength of economic recovery from the Covid-19 pandemic.   Thus far, the dollar has managed to stop its recent slide. However, analysts warn that sentiment remains weak due to …

U.S. dollar remained steady on Friday. What about the Euro? Read More »