FTSE 100 Technical Analysis: Choppy Outlook with Moderately Bearish Bias
FTSE has been relatively directionless, but even as such the overall trading bias appears to remain pointed lower.
Canadian Dollar Forecast: USD/CAD Bears Fail at Support- March Levels
Canadian Dollar is on defense after a key reversal in USD/CAD covered nearly 70% of the 2021 range. Here are the technical levels that matter on the Loonie weekly.
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.
New Zealand Dollar Technical Forecast: NZD/USD, NZD/JPY, NZD/CAD, NZD/CHF
The New Zealand Dollar may resume its broader uptrend, with NZD/USD and NZD/JPY eyeing key rising support. NZD/CAD and NZD/CHF appear to have more room for near-term losses however.
Nippon Steel to Boost RD Spending to Hasten Decarbonisation
Nippon Steel, the worlds No.3 steelmaker, will boost research and development RD spending to speed decarbonisation in steelmaking as it faces growing pressure to cut carbon emissions to help tackle climate change, a company executive said. We will input considerable resource into RD on decarbonisation technology, Executive Vice President Katsuhiro Miyamoto told Reuters in an […]
Oil Optimism Unwinding Markets Mad Dash for Storage
When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand is spurring a swift unwinding of storage contracts. At the end of February, the volume of refined products held on stationary tankers for over 10 […]
Spanish Unions Cry Foul as Inditex Shuts Stores
Inditex staff in Spain say they are being forced out as the owner of fastfashion brand Zara rolls out its plan to shut up to 1,200 stores worldwide, despite a company agreement with Spanish unions to project jobs. The worlds biggest clothes retailer is closing smaller outlets while expanding flagship stores and the Spanish closures […]
RBA Commits to Keep 3Year Yields Low amid Bond Rout
SYDNEY, March 2 Reuters Australias central bank on Tuesday affirmed its pledge to keep interest rates at historic lows as policymakers battle to stop surging bond yields disrupting the countrys surprisingly strong economic recovery. Concluding its March board meeting, the Reserve Bank of Australia RBA kept rates at 0.1 and committed to maintaining its highly […]
Oil Inchs Higher ahead of this Weeks OPEC Output Decision
Oil futures inched higher Monday, buoyed by prospects for the passage of the U.S. stimulus bill, ahead of a decision this week by the Organization of the Petroleum Exporting Countries and its allies thats expected to see a loosening of production curbs. The U.S. House early Saturday passed the Biden administrations 1.9 trillion package of COVID19 relief […]
German Yields Fall for 2nd Session; Mood Wary
LONDON, March 1 Reuters Benchmark German government bond yields dropped for a second consecutive session on Monday as investor sentiment improved after reflationary bets led bond markets to their biggest monthly selloff in years. The rise in bond yields last month, spurred by U.S. fiscal stimulus hopes and a postpandemic economic rebound that could fuel […]