Gold Weekly Forecast: Gold Prices Preparing for a Break Out?
Key resistance remains a challenge for gold, eyes on US CPI for breakout.
Nasdaq 100 Forecast: Inverse "Head and Shoulders" Pattern Hints At Upside Potential
The Nasdaq 100 index has likely formed an inverse “Head and Shoulders” pattern, which is typically viewed as a bullish trend reversal indicator. Prices may advance further to challenge their all-ti…
New Zealand Dollar Forecast: The Fight Between RBNZ Policy Bets and Wall Street
The New Zealand Dollar is in a tricky spot. On one hand, rising stocks can propel NZD. On the other, a dovish RBNZ ahead could cool bond yields as the government tackles soaring housing costs.
Japanese Yen Technical Analysis: USD/JPY at a Big Spot for Directional Themes
It was a big Q1 for USD/JPY but so far Q2 has been a far different tone. Which side will prevail?
Australian Dollar Forecast: Dovish RBA to Counterbalance Robust Chinese GDP Print
The RBA highlighting several key risks to the local economy in its semi-annual Financial Stability Review may drive AUD lower against haven-associated currencies despite the expectation of strong Q…
EU refiners set for gradual revival on vaccines, capacity cuts
A gradual recovery in EU refiner profitability is the scenario we envisage amid continued travel restrictions, with further refining-capacity reductions and vaccine rollouts the key determinants.
China Pulls German Trade up, but Brexit Hits UK Business
BERLIN, April 9 Reuters German exports rose in February, boosted by surging trade with China in a fresh sign that factories are busy in Europes largest economy despite a sharp drop in trade with the United Kingdom after Brexit. Seasonally adjusted exports increased by 0.9 on the month after an upwardly revised rise of 1.6 […]
Fund Manager Ashmore Snaps up Brazil, China Local Currency Bonds
LONDON, April 9 Reuters Fund manager Ashmore Group has bought Brazilian and Chinese local currency bonds as it remains focused on broader emerging market local debt, betting on strong performance during 2021. Brazilian markets have had a tough start to 2021, with local currency bonds selling off by around 170 basis points and the real […]
Rupiah stable, Supportive of GDP Recovery, Indonesia CB
JAKARTA, April 9 Reuters Indonesias central bank considers the rupiah exchange rate to be stable despite recent depreciation triggered by rising U.S. Treasury yields, Governor Perry Warjiyo said on Friday. We have stabilised our exchange rate. Praise be to God that if we compare with other countries, although we are seeing a depreciation of 3 […]
Rio Tinto, Turquoise Hill Reach Deal on Oyu Tolgoi Expansion
MELBOURNE Reuters Rio Tinto Ltd said on Friday it has reached a binding agreement with Turquoise Hill Resources Ltd over funding for expansion of the massive Oyu Tolgoi coppergold mine in Mongolia. Rio and Turquoise Hill will restructure debt payments of up to 1.4 billion with lenders and look to raise up to 500 million […]