US Dollar Technical Analysis: DXY Lines and Levels to Watch in Days Ahead
The DXY remains directionless in the short-term; levels and lines to watch for cues as to which direction the USD index wants to move next.
Advanced technology perspectives: Quant finance, human capital, and prediction
The rapid increase in data volume, variety, and velocity has driven the development of new tools, techniques, and approaches for analysis of the past and predictions for the future.
Soybean oil beats crude amid China demand and Brazil crop losses
China’s insatiable demand for soy coupled with torrential rain causing crop losses in Brazil concerns farmers in the South American nation and the U.S, the world’s two leading soybean oil producers.
German Economy is Slumping on AntiVirus Curbs, Bundesbank
The German economy is likely to shrink sharply this quarter as pandemicfighting curbs hit the services sector and even the booming construction industry slows, the Bundesbank said on Monday. In its latest monthly report, the German central bank seemed to abandon its expectations of a rebound in the spring and dropped references to the vaccination […]
Euro Zone Government Bond Yields fall on Turkish Tumult
Euro zone government bond yields fell on Monday as a plunge in the Turkish lira boosted demand for safer assets. President Tayyip Erdogan shocked markets by replacing Turkeys hawkish central bank governor with a critic of high interest rates, sparking a selloff in stocks, talk about possible capital controls and a dash for safer assets […]
Americans are Still Interested in Putting their Money in China
U.S. investors are among the many foreigners looking to profit from China, particularly its bond market. One clear area of interest is in government bonds, where the Chinese 10year has a yield of over 3.2. In contrast, the latest rise in U.S. rates has pushed the 10year Treasury yield to only 1.7. That wide difference […]
Japan Shares Tumble as Fire at Chip Factory Hits Renesas
TOKYO, March 22 Reuters Carmakers led declines in Japanese shares on Monday after a fire at semiconductor supplier Renesas Electronics plant fanned worries about more chip supply shortfalls hitting vehicle production. The Nikkei continued to underperform the broader market, after the Bank of Japan on Friday decided to exclude Nikkeilinked exchange traded funds ETFs from […]
Turkish Lira Crumbles on Central Bank Woes, Yen Gains
The Turkish lira slumped toward a record low versus the dollar after President Tayyip Erdogan stunned investors over the weekend by replacing the hawkish central bank governor with a critic of high interest rates. The yen rose against the euro and the antipodean currencies on speculation that Japanese individual investors who have been buying the […]
AUD, NZD Weaker as TRY Plunge Triggers Flight to Safe Havens
SYDNEY, March 22 Reuters The Australian and New Zealand dollars weakened against the greenback on Monday as a plunge in the Turkish lira bit into investor appetite for risk as a week of losses for oil and iron ore also hit the commoditiessensitive currencies. The Aussie was down 0.46 at a foursession low of 0.7708 […]
British Pound Forecast: Covid-19 Suppression Buoying GBP/USD, GBP/JPY
The rapid distribution of coronavirus vaccines, falling infection rates, and a cautiously optimistic Bank of England may pave the way for the British Pound to extend gains against its major counter…