US Dollar Price Forecast: Sharp Inflation Spike to Drive Yields, USD Higher
The US Dollar may extend gains in the near term as base effects result in a marked rise in inflation, and long-term Treasury auctions push yields higher.
Swiss Franc Technical Outlook: AUD/CHF, NZD/CHF, EUR/CHF Chart Setups
The Swiss Franc has positioned itself against key levels versus the Australian Dollar, New Zealand Dollar and Euro over the past week. Where next for AUD/CHF, NZD/CHF and EUR/CHF?
NZD/USD May Rise as Technical Level, Chinese Trade Balance Shifts into Focus
NZD/USD may be set to breakout as price contends with the resistance level of a Falling Wedge pattern. Meanwhile, Chinese economic data is on tap for Tuesday’s Asia Pacific session.
UKs Johnson Commissions Independent Review into Lobbying
LONDON, April 12 Reuters British Prime Minister Boris Johnson has commissioned an independent review into the use of supply chain finance, the role of Greensill and how business representatives engage with government, his spokesman said on Monday. The Cabinet Office is commissioning an independent review on behalf of the prime minister to establish the development […]
India Overtakes Brazil to Become the SecondWorst Hit Country as Covid Cases Soar
India overtook Brazil as the second worstinfected country behind the United States after data showed that Covid19 cases continued to surge. The South Asian nation reported more than 168,000 new cases over a 24hour period on Monday, according to health ministry data. Around 83 of the new infections were reported in 10 states, including the […]
Sterling Outlook: GBP/USD April Range Set on Support- Cable Levels
Sterling has carved the April opening-range just above key technical support at the March lows- breakout watch. Here are the levels that matter on the GBP/USD charts.
Payments Firm Trustly Plans Nasdaq Stockholm Listing
STOCKHOLM Reuters Swedish payments firm Trustly said on Monday it intends to list its shares on the Nasdaq Stockholm exchange. In January, Reuters reported that Trustly39;s owner, buyout group Nordic Capital, was in the process of hiring more banks with a view to launching an IPO in late April or early May that could value the […]
JGB Yields Track Treasuries Higher
TOKYO, April 12 Reuters Japanese government bond yields rose on Monday, tracking similar move in Treasuries after higherthanexpected producer prices data for March signalled higher inflation, while demand for domestic bond auctions seen last week capped decline in prices. The 10year JGB yield rose 0.5 basis point to 0.105 and the 20year JGB yield rose […]
Banks, Miners Drag FTSE 100 Lower; Hammerson Jumps
April 12 Reuters Londons FTSE 100 fell on Monday, dragged lower by heavyweight banking and mining stocks, while shares of shopping centre operator Hammerson gained on plans to shore up its finances. The bluechip index slipped 0.2 after recording its best weekly performance since earlyJanuary on Friday. The wider banks index slid 0.8, with HSBC […]
Euro Zone Bond Yields Fall, Focus Falls on Key Week for U.S. Bonds
LONDON, April 12 Reuters Euro zone government bond yields nudged lower on Monday, holding below recent highs as markets bided their time in a key week for U.S. Treasury markets. U.S. Treasury yields, which have stabilised in the past two weeks after a sharp rise, could get a fresh steer from auctions 96 billion of […]