Rates as of 0500 GMT Market Recap Well, as usual Im right but unfortunately the market doesnt agree. NZD continued to appreciate despite my coruscatingly brilliant argument that yesterdays Reserve Bank of New Zealand RBNZ statement didnt warrant it. To make matters worse, even though there was a blowout Australia employment report unemployment rate falls […]

TOKYO, April 15 Reuters Japanese shares closed slightly higher on Thursday, led by cyclical firms that would benefit from a global economic rebound and banks which tracked their U.S. peers, while a fall in technology stocks capped gains. Nikkei share average edged up 0.07 to close at 29,642.69, after briefly retreating following a senior politicians […]

SYDNEY, April 15 Reuters The Australian and New Zealand dollars touched threeweek tops on Thursday as their U.S. counterpart extended its broad retreat and upbeat data suggested the Australian economy had grown strongly last quarter. The Aussie stood at 0.7718, after jumping 1 overnight when a break of major resistance at 0.7677 triggered a wave […]

TOKYO Reuters The dollar nursed losses on Thursday, holding near a threeweek low against a basket of currencies as U.S. bond yields pulled back from last months surge with investors buying the Federal Reserves arguments that interest rates can stay low. The dollar index dipped to a fourweek low of 91.571 overnight and last stood […]

Rates as of 0500 GMT Market Recap A big surprise with regards to US inflation. I had been concerned that despite the assurance from the Fed and White House that rising inflation is only temporary, the market would take it more seriously and send Treasury yields and the dollar up. When yesterdays consumer price index […]

TOKYO, April 14 Reuters Japanese shares ended lower on Wednesday, weighed down by cyclicals, as a resurgence in COVID19 cases cast doubts over prospects of economic rebound, while falling interest rates dragged banking and insurer stocks. The Nikkei share average was down 0.28 at 29,668.74, as of 0202 GMT, while the broader Topix slipped 0.23 […]

SYDNEY, April 14 Reuters The Australian and New Zealand dollars were pushing higher on Wednesday, as global markets refused to be spooked by a wellflagged jump in U.S. inflation, sending Treasury yields lower and undermining the U.S. dollar. The Aussie firmed to 0.7657, after rallying from support at 0.7585 overnight. It needs to clear resistance […]

Gold futures declined on Wednesday as market participants awaited a speech from Federal Reserve Chairman Jerome Powell and as bitcoin, one of golds biggest rivals as a safe haven, hit a fresh record ahead of the hotly anticipated debut of cryptoplatform Coinbase Global on the Nasdaq. Naeem Aslam, analyst at AvaTrade, says that gold is […]

April 14 Reuters Goldman Sachs Group Inc reported a massive jump in firstquarter profit on Wednesday, as Wall Streets biggest investment bank capitalized on record levels of global dealmaking activity. It also benefited from a favorable comparison to a year earlier when it set aside more funds to cover potential corporate loan losses due to […]

DUBAI Reuters Logistics firm Tristar has dropped plans for an initial public offering in Dubai due to insufficient demand from investors, two sources familiar with the matter told Reuters on Wednesday. The move is a setback for Dubais bourse, the Dubai Financial Market, which has not seen a big ticket listing since 2017. Tristar began […]