US Dollar Breakouts Search for Momentum: USD/SGD, USD/IDR, USD/PHP, USD/THB
The US Dollar faces its next key tests against ASEAN FX following gains in USD/SGD, USD/IDR, USD/PHP and USD/THB. Are the breakouts losing momentum?
Australian Dollar Outlook: AUD/USD, AUD/NZD at Key Levels as Trade Data Looms
US equities moved lower as rising Treasury yields were back in focus. Meanwhile, the Australian Dollar faces key levels against the Greenback and New Zealand Dollar ahead of January trade data.
Monthly Forex Seasonality – March 2021: 'Dollars' Mixed but Gold, Stocks Favor Weakness
In recent years, March has produced EUR/USD gains, and losses by USD/JPY, gold, and stocks. It’s a mixed bag.
Gold Trading Soft, Silver Price Trying to Hold Important Support
Gold has been pressing on a long-term threshold for several weeks; a breakdown may lead to another leg of selling.
British Pound Forecast: Digesting Gains Around Spring Budget – Levels for GBP/JPY, GBP/USD, EUR/GBP
After a strong run higher, the British Pound may be due for a period of pullback, if not consolidation, before further gains.
Asia Growth Drives 4 Rise in Prudential 2020 Operating Profit
LONDON, March 3 Reuters Prudentials operating profit rose 4 in 2020, Britains largest insurer said on Wednesday, driven by strength in its main Asian business, as it prepares to split off its U.S. operations. Overall adjusted operating profit from continuing operations came in at 5.5 billion, while Asia adjusted operating profit jumped 13 to 3.7 […]
Chinas Coal Consumption Seen Rising in 2021, Imports Steady
BEIJING, March 3 Reuters Chinas coal consumption is expected to continue rising in 2021 despite Beijings pledges to boost the use of clean energy and curb greenhouse gas emissions, the China National Coal Association said on Wednesday. China, the worlds biggest coal consumer, saw overall consumption of the fossil fuel increase by 0.6 in 2020 […]
USD Slips as Bond Yields Drop, Investor Sentiment Strengthens
The U.S. dollar fell on Wednesday as investor sentiment improved and government bond yields extended their retreat, while commoditylinked currencies such as the Australian and Canadian dollars held on to recent gains. Lower U.S. bond yields also sapped some of the dollars appeal among lowyielding currencies, with the yen and Swiss franc recovering from multimonth […]
Oil Up as OPEC Considers Rollover Rather than Hiking Output
Oil prices rose on Wednesday, boosted by expectations that OPEC producers might decide against increasing output when they meet this week, while signs of progress in the coronavirus vaccine rollout in the United States gave further support. Brent oil rose 80 cents, or 1.3, to 63.50 a barrel by 0942 GMT. U.S. West Texas Intermediate […]
OPEC Considers Oil Output Roll Over for April, Sources Say
OPEC and allies, known as OPEC, are considering rolling over oil production cuts from March into April instead of raising output because of fragile oil demand recovery due to persisting worries about the coronavirus, three OPEC sources told Reuters. OPEC ministers hold a full meeting on Thursday. The market had been widely expecting OPEC to […]