Thursday, June 17, 2021
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Global Markets Cautious Despite Renewed Trade Deal Hopes

Global Markets Cautious Despite Renewed Trade Deal Hopes

Investors express a cautious optimism on Friday, as trade deal hopes reemerged after the White House economic adviser Larry Kudlow noted overnight that the two sides are getting closer to a partial...
Australian Dollar Suffering from Rising Odds of a Rate Cut by RBA

Australian Dollar Suffering from Rising Odds of a Rate Cut by RBA

The Australian dollar keeps bleeding due to a combination of bearish drivers. Despite a marginal recovery on Friday amid a better risk sentiment, AUDUSD finishes another week with ...
USDJPY Closely Monitors Trade Developments

USDJPY Closely Monitors Trade Developments

Most of this week, the Japanese yen extended gains due to its safe-haven status. USDJPY registered weekly highs around 109.30 but failed to stay above the 200-DMA and slipped to...
Oil Traders Hope For Additional Measures From OPEC

Oil Traders Hope For Additional Measures From OPEC

In its monthly report, the OPEC revised down its forecast for crude oil production in the US shale fields next year. Now, the cartel expects production in non-OPEC countries...
German Economy Avoids Technical Recession

German Economy Avoids Technical Recession

German economy grew by 0.1% in the third quarter versus the expected contraction by the same amount. On an annual basis, the country’s economy rose by 0.5%, while the previous result was...
Gold Prices Could Regain $1,500 Amid Global Risks

Gold Prices Could Regain $1,500 Amid Global Risks

As risk appetite continues to wane, demand for safe-haven assets is rising gradually. Against this backdrop, gold prices extend the recovery from three-month lows, registered earlier this week. The...
Dollar Mostly Unfazed by Mixed CPI Data

Dollar Mostly Unfazed by Mixed CPI Data

The dollar barely changed after fresh economic updates out of the United States, with the greenback staying mainly on the defensive against the safe-haven currencies like the Japanese yen and Swiss franc...
Market Focus Shifts to Powell’s Testimony in Congress

Market Focus Shifts to Powell’s Testimony in Congress

As market participants continue to digest Trump’s message which was fairly contradictory, market focus gradually shifts to the upcoming Powell’s testimony in Congress two weeks after the Federal Reserve cut...
Trump Brings More Uncertainty into US-China Dispute

Trump Brings More Uncertainty into US-China Dispute

Donald Trump’s speech to the Economic Club of New York on Tuesday was obviously deprived of details. US President noted that the two countries are close to the interim...
Euro Bears Still in Play

Euro Bears Still in Play

At the start of the week, euro was dragged down by trade uncertainty but the pair managed to finish the day in the green. On Tuesday, EURUSD resumed the...