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Daily Updates

EUR/USD: yield differentials favor the US greenback

The US-German (DE) two-year yield unfold is rising within the EUR-negative method. Markets are possible anticipating a dovish bias. The Worldwide Financial Fund (IMF) on Monday downgraded the worldwide progress forecast, courtesy of softening demand throughout Europe. The EUR/USD pair is at present buying and selling at 1.1360 and dangers falling to 1.13, courtesy of […]

Daily Updates

Deleveraging hurting China economic system, Fed price hike pause applicable – Goldman Sachs

Credit score deceleration (deleveraging) is the principle issue liable for the slowdown in China’s economic system, based on Goldman Sachs Chief Economist Jan Hatzius.  The Chinese language economic system expanded at an annualized price of 6.four % within the fourth quarter, the weakest progress price since early 2009, pushing the 2018 GDP to a 28-year […]

Technical Analysis

AUD/USD Technical Evaluation: Aussie Greenback Rally Fizzles Close to zero.72

AUD/USD Technical Technique: BEARISH Australian Greenback retreats from chart resistance above the zero.72 mark Sellers eyeing vary flooring close to zero.7142 to substantiate bigger downswing Lengthy-term downtrend resumption hinges on what occurs close to zero.70 Get assist constructing confidence in your AUD/USD technique with our free buying and selling information! The Australian Greenback has pulled […]

Daily Updates

China’s Xi: Communist Occasion wanted better efforts “to forestall and resolve main dangers” – Xinhua

China’s state information company, Xinhua, reported the most recent feedback delivered by the Chinese language President Xi Jinping at an ‘an uncommon assembly of China’s high leaders’ on Monday in Beijing. Key Quotes (courtesy Bloomberg): Communist Occasion wanted better efforts “to forestall and resolve main dangers”.  “The celebration is dealing with long-term and sophisticated assessments […]

Daily Updates

Japanese companies to maintain capex regular amid US-China commerce tensions – Reuters Company Survey

The newest Reuters Company Survey confirmed majority of the Japanese companies need to preserve their capex plan within the subsequent fiscal yr. Key Findings: “52% of Japan companies to maintain capex plan regular subsequent fiscal yr, 22% to increase, 14% to extend reasonably, 12% to chop. 42% plan to hike base pay this yr, of […]

Daily Updates

UN sees international financial progress slowing to three% in 2019 – Reuters

Its annual financial forecast, the “World Financial Scenario and Prospects, launched late-Monday, the United Nations (UN) famous that it sees the worldwide financial system to develop three.zero% this yr and in 2020, barely under a three.1% growth in 2018. Key Feedback from Richard Kozul-Wright, Head of Globalization and Improvement Methods on the UN financial company […]

Daily Updates

NZD/USD sidelined in a bearish development, contemporary swing low printed forward of NZ CPI

NZD/USD has been giving off bearish smoke alerts with a pop decrease in a single day to attain a contemporary swing low of Zero.6713 throughout the detrimental circulation.   NZD/USD edged down round -Zero.2% over the day, reflecting barely softer danger sentiment in Europe. US markets have been closed for Martin Luther King Day so […]