Dow Jones, S&P 500, Nasdaq 100 Short-term Technical Forecast
The U.S. markets continue to grind higher; fighting the trend is a tough play, but pullback risk is certainly growing.
Dubai Logistics Firm Tristar Drops IPO Plans Sources
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 […]
Russian rouble leads EMEA gains as Fed tapering fears ease
April 14 Reuters Russias rouble extended strong gains on Wednesday on hopes of improving ties between Moscow and the West, while other emerging market currencies rose as U.S. inflation data failed to stoke fears of imminent policy tightening. The rouble led gains across currencies in Europe, the Middle East and Africa, having surged 1.8 on […]
EU to Borrow around 150 bln Euros Annually for Recovery Fund
BRUSSELS, April 14 Reuters The European Commission plans to borrow around 150 billion euros annually until 2026 to finance the blocs unprecedented plan to make its economy greener and more digitalised, making it the biggest issuer in euros, a document from the Commission showed. The financing for the EU economic plan, agreed at 750 billion […]
Sterling Recovers Ground, Hits OneWeek High vs. Dollar
LONDON, April 14 Reuters Sterling hit a oneweek high against the dollar on Wednesday, recovering some ground after a brief dip the previous day following news the Bank of Englands chief economist resigned. The pound dipped on Tuesday afternoon, hitting a sixweek low against the euro and extending losses against the dollar after the announcement […]
Nasdaq to Outperform Dow Jones as Reflation Trade Loses its Luster
The tech-heavy Nasdaq may outperform the benchmark Dow Jones index in the coming weeks as strong demand for Treasuries, and in-line inflation prints, take some steam out of the Reflation Trade.
Oil Maintains Upward Momentum but Virus Concerns Cap Gains
Crude climbed on Wednesday after industry data showed U.S. oil inventories declined more than expected and OPEC raised its outlook for oil demand, but gains were capped by worries about the coronavirus and by rising supplies of the energy resource. Brent crude futures rose 42 cents, or 0.6, to 64.09 a barrel at 0421 GMT, […]
Japanese Yen, Swiss Franc Analysis: USD/JPY, USD/CHF May Fall as Long Bets Rise
The Japanese Yen and Swiss Franc may outperform the US Dollar amid rising long bets in USD/JPY and USD/CHF. But, broader uptrends since January could still remain in play.
British Pound Price Outlook: GBP/USD, GBP/JPY Poised to Extend Climb
The British Pound’s recent weakness against its haven-associated counterparts may prove short-lived, as bullish technical setups take shape on longer-term timeframes. Key levels for GBP/USD, GBP/JPY.
AUD/USD at Technical Juncture as Australian Consumer Confidence, RBNZ Looms
AUD/USD approaches trendline resistance, with event-driven risk events looming in the form of Australian Consumer confidence and an interest rate decision from the Reserve Bank of New Zealand.