May 2021 – Page 26 – UAG Trade Asia

Australia C.Bank Keeps Rates at 0.1, Upgrades Forecasts

May 4, 2021
Politics
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SYDNEY, May 4 Reuters Australias central bank left its key rates at near zero for a fifth straight meeting on Tuesday and pledged to keep policy super loose for a prolonged period even though the countrys economy is set to expand at a stronger than expected pace. The Reserve Bank of Australia RBA reiterated its […]

India Reports more than 357,000 new Covid Cases

India crossed 20 million reported cases of Covid19 on Tuesday. There were 357,229 new cases reported over a span of 24 hours, bringing the total to 20.28 million, according to health ministry data. Indias first cases were detected in late January last year and the countrys total did not cross 10 million infections until December, […]

Saudi Arabia Cuts Q1 Deficit, Reaping Benefits of Fiscal Measures

DUBAI Reuters Saudi Arabia reduced its budget deficit to 7.4 billion riyals 1.97 billion in the first quarter of the year, the finance ministry said on Tuesday, as the government reaps the benefits of consolidation measures introduced last year. The kingdom, the Arab worlds largest economy and the worlds top oil exporter, cashed in 117 […]

May 4, 2021
Finance
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As the coronavirus pandemic eases, credit activity in the UK is rising. A fresh set of statistics could be another factor for the Bank of Englands decision to slow QE as early as this week, taking the first step towards normalisation. Data released this morning showed an increase in net lending to individuals by 11.3bn […]

May 4, 2021
Finance
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Gold prices headed lower on Tuesday after U.S. Treasury Secretary Janet Yellen suggested that interest rates may need to rise to keep the economy from overheating. The U.S. dollar extended its gains after Yellens comments, as measured by the ICE U.S. Dollar Index, which up 0.4 at 91.311. A stronger buck can undercut demand for […]

May 4, 2021
Finance
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May 4 Reuters Palladium prices soared to alltime highs on Tuesday, fuelled by worries over short supplies of the autocatalyst metal as demand gradually improves, while gold prices rose to their highest level in more than two months. Spot palladium gained 0.4 to 2,983.83 per ounce at 1059 a.m. EDT 1459 GMT, after jumping to […]

Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since Feb 26, 2021 when Germany 30 traded near 13,792.90.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bearish contrarian trading bias.

Australian Dollar Outlook: AUD/USD Plunges into Multi-Month Support

Aussie testing the lower bounds of a multi-week range just above trend support- we’re on breakout watch. Here are the levels that matter on the AUD/USD technical charts.

Monthly Forex Seasonality – May 2021: Sell in May and Go Away? Not for USD, Stocks

“Sell in May and go away” is a popular financial euphemism. It also happens to have been complete nonsense in recent years.

May 4, 2021
Finance
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Sales of green bonds – the largest category of sustainable debt by dollar volume – grew by 13% to a record $305.3 billion in 2020, after a slowdown in the first half of the year.

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Australia C.Bank Keeps Rates at 0.1, Upgrades Forecasts

India Reports more than 357,000 new Covid Cases

Saudi Arabia Cuts Q1 Deficit, Reaping Benefits of Fiscal Measures

UK Private Lending is Booming, Helping the Pound

Gold Falls as Yellen Suggests Potential Rise in U.S. Interest Rates

Palladium Strikes Record High on Strained Supplies

Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since Feb 26, 2021 when Germany 30 traded near 13,792.90.

Australian Dollar Outlook: AUD/USD Plunges into Multi-Month Support

Monthly Forex Seasonality – May 2021: Sell in May and Go Away? Not for USD, Stocks

U.S. green bond sales jump 50% as Biden addresses climate change

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