March 2021 – Page 28 – UAG Trade Asia

Australia, NZ dlrs Caught out by Oil Spill, Soft Data

March 19, 2021
Finance
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SYDNEY, March 19 Reuters The Australian and New Zealand dollars were on the defensive on Friday after a plunge in oil prices spilled over into other commodities, while domestic economic data turned soft and broke a run of strong releases. A spike in Treasury yields to 14month highs also underpinned the U.S. dollar while slugging […]

Canadian Dollar Outlook: USD/CAD Rebound Dicated by Retail Sales Data

Tumbling crude oil prices and a rebounding US Dollar could ignite a short-term recovery in USD/CAD rates. However, better-than-expected retail sales data could underpin the Loonie against its US co…

EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Mar 11, 2021 17:00 GMT when EUR/USD traded near 1.20.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.

Nasdaq 100 Index Sinks on Treasury Volatility. AUD Retail Sales, BOJ in Focus

The Nasdaq 100 Index sank as Treasury market volatility reignited. Friday’s Asia-Pacific session has Australian retail sales and the Bank of Japan’s rate decision in focus.

March 18, 2021
Finance
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Rates as of 0500 GMT Market Recap Yesterdays meeting of the Federal Open Market Committee FOMC, the ratesetting body of the US central bank, clarified how the group will react to changes in the economic picture in the context of its new flexible average inflation targeting FAIT framework. This new reaction function requires a much […]

March 18, 2021
Finance
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European stocks rose on Thursday in the first opportunity to react to the latest Federal Reserve decision, with the big story being the selloff in bonds the central bank did nothing to quell. The Stoxx Europe 600 rose 0.2, with even stronger gains for the Stoxx Europe TMI Value. STVP, 0.81. The yield on the […]

March 18, 2021
Politics
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China is diversifying its supply of critical natural resources a move that will shore up Beijings ability to weaponize trade against its geopolitical rivals, according to a newly published report by risk consultancy Verisk Maplecroft. If China has a soft underbelly, it is its high dependency on foreign natural resources, read the report released on […]

March 18, 2021
Uncategorized
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Semiconductor Manufacturing International Corporation SMIC, Chinas largest and most important chipmaker, is building a new factory in Shenzhen that will cost 2.35 billion. The company and the government of the southern Chinese city of Shenzhen will jointly put capital into the project. Shenzhen is known as a huge technology hub in China and houses the […]

March 18, 2021
Uncategorized
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Contemporary artist Krista Kim recently sold an NFTminted digital house for 288 ether, valued at over 500,000 based on the cryptocurrencys trading price Wednesday. The creation called Mars House is part of Kims grand vision for the role augmented reality will play in the world, she explained in an interview on CNBCs Squawk Alley. Right […]

Australian Dollar Forecast: Choppiness Continues Near Pandemic Trendlines – Setups in AUD/JPY, AUD/USD

Both AUD/JPY and AUD/USD rates are trading in negative territory at their daily lows, despite having been positive earlier on the session.

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Australia, NZ dlrs Caught out by Oil Spill, Soft Data

Canadian Dollar Outlook: USD/CAD Rebound Dicated by Retail Sales Data

EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Mar 11, 2021 17:00 GMT when EUR/USD traded near 1.20.

Nasdaq 100 Index Sinks on Treasury Volatility. AUD Retail Sales, BOJ in Focus

USD Down as Fed keeps Rate Forecasts Unchanged

European Stocks Rise after Fed Decision

China is Building Up its Ability to Weaponize Trade, Report

China Top Chipmaker to Build 2.35B Plant with Govt Funding

Creator Who Sold NFT House for 500,000 Well be Living in an Augmented Reality Lifestyle Soon

Australian Dollar Forecast: Choppiness Continues Near Pandemic Trendlines – Setups in AUD/JPY, AUD/USD

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