AUDUSD extended its upside movement from 0.7501 to as high as 0.7783. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7850 area. On the downside, a clear break below the trend line support will…
Japan’s core consumer prices ticked up in November owing to a rise in prices of gasoline and utilities. However, it is still lagging Bank of Japan’s (BOJ) target rate. Economic Scenario Japan’s core consumer prices, which exclude prices of fresh food, increased 0.9% year over year in November compared with 0.8% in October. However, the…
Japan’s core consumer prices ticked up in November owing to a rise in prices of gasoline and utilities. However, it is still lagging Bank of Japan’s (BOJ) target rate. Economic Scenario Japan’s core consumer prices, which exclude prices of fresh food, increased 0.9% year over year in November compared with 0.8% in October. However, the…
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the realty sector and metal sector witnessing maximum buying interest. The BSE Sensex is trading up 10 points (up 0.03%) and the NSE Nifty is trading up 8 points (up 0.1%). The BSE Mid Cap index is trading up by 0.1%, while the BSE Small Cap index is…
The dollar struggled during Thursday’s Asian trading session, trading lower against most of its trading partners, perhaps prompted by a sell-off after Donald Trump’s famed tax reform bill was passed last week. The U.S. dollar was trading at $1.1926 against the euro, down 0.34 percent as of 2:18 p.m. HK/SIN. Commodity-driven currencies such as the…
The end of every calendar year brings about a sense of accomplishment from both a personal and professional standpoint. It’s also a wonderful time to reflect on lessons that were learned or re-enforced over the course of the preceding twelve months. I have made this somewhat of an annual tradition and believe wholeheartedly that this…
When nothing happens, EUR/USD rises. Why? The euro-zone enjoys a wide trade balance surplus, mostly thanks to the German export machine. The US has a significant trade deficit. So, the flows of importers and exporters lead to net euro buys and net dollars sales. Needless to say, forex trading is not only about exchanges of…
The dollar continues to decline both due to low trading activity and fall of the 10-year US government bonds yield. The US currency is under pressure due to the US Treasuries yield lowering. Demand for the dollar fell significantly. Low activity on the market will continue until the beginning of next year. Today during the…
The Chinese often operate in nuanced ways. Their central bank policies for influencing interest rates, for example, often use methods to influence interest rates that are not as clear as those used in the developed world. Last week’s People’s Bank of China (PBOC) rate hike, which has not resulted in tighter monetary conditions, is but one example. “Investors…
Ripple Pushed Up to 3rd Largest Cryptocurrency By Market Cap: Ripple has surpassed Bitcoin cash in terms of market cap, now standing at 3rd position trailing behind Bitcoin and Ethereum. Litecoin has been dumped to 5th position. This shouldn’t be a surprise as XRP was one of the few major cryptocurrencies which didn’t see a massive…
