March 2021 – Page 16 – UAG Trade Asia

NZD/USD Selloff May Continue as Vaccine Rollout Issues, Geopolitical Risks Rise

NZD/USD may continue to push lower as vaccine rollout issues continue to stress market sentiment. US equities fell after strong Treasury auction demand pushed yields lower.

March 24, 2021
Finance
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LONDON, March 24 Reuters Germanys 10year bond yield fell to a fiveweek low on Wednesday, a sign of unease that tighter restrictions to contain a fresh wave of COVID19 could hurt the euro zone economy. Still, IHS Markits flash composite PMI, a closelytracked economic indicator, bounced above the 50 mark separating growth from contraction to […]

US Dollar to Four-Month-Highs: EUR/USD, USD/CAD

The US Dollar has set a fresh four-month-high, even with rates softening as the Fed has sought to soothe some nerves over the past few days.

New Zealand Dollar Forecast: Kiwi Collapses- NZD/USD Breakdown Levels

New Zealand Dollar collapsed more than 6.8% off multi-year highs with Kiwi breaking to fresh 2021 lows. Here are the levels that matter on the NZD/USD weekly chart.

March 24, 2021
Business
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Intel announced on Tuesday that it will spend 20 billion to build two new chip factories, called fabs, in Ocotillo, Arizona. Intel stock rose as much as 5 on the news in extended trading on Tuesday. The announcement, coinciding with new CEO Pat Gelsingers first public remarks since taking over the job, signals that Intel […]

March 24, 2021
Oil
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Oil futures rose Wednesday, partially recovering from a rout in the previous session after a container ship ran aground in the Suez Canal, blocking traffic through the crucial waterway. About 10 of global seaborne oil passes through the canal. This should be fixed pretty quickly though so I doubt if it will have much lasting impact, said […]

March 24, 2021
Uncategorized
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Euro zone business activity unexpectedly grew this month, a preliminary survey showed, but with much of Europe suffering a third wave of coronavirus infections and renewed lockdown measures, that may not last through April. Factories ramped up output at the fastest monthly pace in over 23 years, countering a continuing slowdown in the currency blocs […]

March 24, 2021
Finance
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LONDON, March 24 Reuters Sterling cut some earlier losses on Wednesday after data showed a rush of new orders by businesses anticipating an easing of Britains lockdown prompted a much stronger rebound for UK companies than expected in March. The flash IHS MarkitCIPS UK Composite Purchasing Managers Index rose to a sevenmonth high as Britains […]

March 24, 2021
Finance
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Gold futures were headed higher Wednesday, supported by some safehaven buying, amid developments in Europe that suggest a longer lockdown period due to a renewed spread of COVID19. Gold for April delivery was rising 6.50, or 0.4, to trade at 1,731.70 an ounce, after shedding 0.8 and posting the lowest settlement for a mostactive contract since […]

March 24, 2021
Finance
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Chinese video platform Bilibili will raise around 2.6 billion in its upcoming Hong Kong listing. The Nasdaqlisted technology company said on Tuesday that it will price the 25 million shares it will issue at 808 Hong Kong dollars each. That translates to around 104.06 per American depositary share ADS, Bilibili said. Gross proceeds from the […]

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NZD/USD Selloff May Continue as Vaccine Rollout Issues, Geopolitical Risks Rise

German 10Year Bond Yields Hit 5Week Low

US Dollar to Four-Month-Highs: EUR/USD, USD/CAD

New Zealand Dollar Forecast: Kiwi Collapses- NZD/USD Breakdown Levels

Intel is Spending 20B to Build 2 new Chip Plants in Arizona

Oil Prices Bounce as Ship Mishap Blocks Suez Canal

Euro Zone Business Activity Rebounded in March

Sterling Pares Some Losses as Data Shows Boom in Orders for UK Businesses

Gold Attempts to Halt TwoSession Skid as Europe Lockdowns Fuel Bids

Chinese Bilibili to Raise 2.6B in Hong Kong Listing

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