Swiss Franc weakens broadly today, influenced predominantly by rally in benchmark European yields. Specifically, Germany 10-year yield breached 2.8% mark, reaching an 11-year peak. Euro managed to bounce back against the Australian and New Zealand dollars, which were burdened by concerns surrounding China’s property sector. However, Euro’s ability to gain against other currencies seems limited […]
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Asian stock markets commenced the week with divergent performances. While Japan’s Nikkei showed resilience, bouncing back after enduring its most challenging week this year, Hong Kong’s stocks weren’t as fortunate. The uncertainty surrounding China Evergrande Group’s protracted debt restructuring initiative ignited a fresh wave of selling, impacting not just Evergrande but also its contemporaries. Consequently, […]
The post Aussie Dips as Evergrande Concerns Resurface; More Global Inflation Data Ahead appeared first on Action Forex.
USD/JPY continues to push higher, with its latest run of gains enough to take it back to levels at which the Bank of Japan has been known to step in
Outlook on GBP/USD, EUR/USD and USD/JPY as the greenback continues to appreciate amid ‘rates higher for longer’ scenario.
The status quo by the BOJ last week reasserts the prevailing weakness in the JPY. What is the outlook and what are the key levels to watch in USD/JPY, EUR/JPY and AUD/JPY?
Major US indices attempted to bounce off their respective near-term support last Friday, but gains failed to sustain into the latter half of the session as selling pressures dominate
The US Dollar experienced a mixed bag last week as the British Pound weakened and the New Zealand Dollar rose. Ahead, all eyes are on the Fed’s preferred inflation gauge, German inflation, Chinese Manufacturing PMI. What else?