The Odds of a Rate Cut by RBNZ Rose Above 75%, Kiwi Under Pressure
The New Zealand dollar has broken its mid-term uptrend, and the
technical picture has deteriorated dramatically after last week’s
plunge. Moreover, after a short-lived recovery at the start of this
week, the...
Trade developments, Trump and Powell Testimony in Focus This Week
Investors refrain from risky trades at the start of the trading week, as Trump
poured cold water on positive expectations on the US-China trade
relations. Nevertheless, traders continue to express hope for...
Risk Sentiment Wanes but the Selling Pressure Looks Limited
The safe-haven demand is rather weak and sentiment could improve down the road
After last week’s rally in most global stocks, risk sentiment
has deteriorated substantially on Monday, with...
Trade Concerns Lift Gold from Lows
After touching three-month lows late last week, gold prices turned into a recovery mode on Monday. The bullion was rejected from $1,456 and opened with a bullish gap, gaining...
Euro Posts a Bearish Week, Further Losses May Lie Ahead
As risk sentiment turned sour along with trade optimism, the euro accelerated losses during the last trading day of the week. The dollar demand remains fairly robust, with EURUSD...
Trump Changes His Mind on EU Car Tariffs
According to the European Commission President Jean-Claude Juncker, US president Trump decided to refrain from imposing tariffs on European cars next week. As a reminder, earlier this year, the US...
Bitcoin Looks Set for a Bearish Continuation in the Short Term
Following a late-October rally, Bitcoin price slipped into consolidation mode with a bearish bias. The leading cryptocurrency has been nursing losses for a fourth day in a row, accelerating...
Dovish dissents at the Bank of England send sterling lower
During today’s meeting, the Bank of England left rates unchanged, as expected. But two dovish dissidents, Saunders and Haskell, voted for a 25bps cut and sent sterling tumbling across the...
Oil prices feel the burden of sluggish demand and high inventories
Oil prices struggle to maintain the positive impetus even as risk-on sentiment prevails in the global markets. Overnight, Brent crude has registered a fresh late-September high of $63.30 but...
US-China trade uncertainty unnerves investors
Major Wall Street indices suffered modest losses on Wednesday amid reports that US-China meeting to ink a phase one deal could be delayed until December, which increased trade uncertainty...
