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 »
The U.S. dollar increased from two and a half year lows as uncertainties about an agreement on U.S. coronavirus aid and Brexit trade negotiations deflated investor confidence. On Friday, the U.S. congress seemed unlikely to agree on $900 bn in new coronavirus aid. They may pass a third stopgap spending bill to keep the government …
The dollar increased from two and a half year lows Read More »
On Friday, the U.S. dollar consolidated losses after a week of falls that pushed it to its lowest in two and a half years. The dollar index increased by 0.1% on the day to just short of 90. However, remained on track of a decline of above 1% over the week. Significantly, on December 17, …
The U.K. has one of the largest economies in the world. However, a no-deal Brexit has the potential to cause serious problems for local as well as foreign companies. According to the European Commission, President Ursula von der Leyen, talks will be extended beyond Sunday’s deadline. It is worth noting that, she spoke with British …
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 »
The dollar drifted lower in early European forex trade on Friday. It is on track for a loss of nearly 2% for the week. Heightened optimism that U.S. lawmakers will come together to agree on a new COVID-19 relief package boosts risk sentiment. The Dollar Index was down 0.1% at 90.638 at 3:55 AM ET …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCHF Overall weakness in British fundamentals will be its major driver. The United Kingdom is projected to suffer over the recent veto from Hungary and Poland, affecting the deal on trade talks as the …
Daily Market Charts and Analysis November 19, 2020 Read More »
The dollar was up on Tuesday morning in Asia’s forex exchange. Doubts over the status of the latest U.S. stimulus measures continue. Against the dollar, the Chinese yuan continued near a two-year high. Signs of economic recovery continue in China. By 10:09 PM ET (2:09 AM GMT), the U.S. Dollar Index inched up 0.05% to …
Dollar Gains Approaching Pelosi Stimulus Deadline 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 Central Bank of the Republic of Turkey increased its benchmark interest rate by 200 points on Monday, which is part of its move to gain back what it had lost during the …
Daily Market Charts and Analysis October 15, 2020 Read More »
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 »
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 »
The U.S. dollar climbed up 0.2% higher against a basket of currencies during the last days. It simultaneously rose by roughly the same margin versus the euro to $1.1816. On Tuesday, it held on to small overnight gains as traders weighed whether an accommodative turn from the ECB later this week could hit the common …
The dollar rose on Tuesday. What about the other currencies? Read More »
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 »
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 »
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 »
