Wall Street’s major indices fell more than 1% overnight, after the US confirmed the first Omicron case. All three indices breached their key technical levels during the session. Earlier in the week, t...
The DXY Index fell below the 96-level on Wednesday, currently trading at 95.91. Earlier, Powell testified before the Senate Banking Committee hearing that the Fed will discuss whether to wrap up asset...
The currency market has managed to calm down after the initial shock of Omicron’s discovery last Friday. AUD, MXN, and South African Rand all bounced back. Safe-haven currencies such as JPY weakened t...
US President Biden was informed on Sunday that, it will take about two weeks before definitive information on Omicron becomes available. This new COVID variant has sparked new travel restrictions in m...
Australian retail sales rebounded in October by 4.9%, beating the forecast at 2.5%. In September, the growth rate was 1.7%. The strong growth has been supported by holiday shopping and dining. Clothin...
USD gained broadly on Wednesday before falling slightly at press time. Earlier in the day, USD has reached its 16-month high against EUR and 5-year high against JPY. Investors are betting that the Fed...
Earlier in the day, RBNZ hiked its interest rate to 0.75% and raised its long-term cash rate projection by 50 bps as it handed down its policy decision. After the press release, NZD immediately fell a...
On Monday in the US, President Biden reappointed Powell as the Fed Chair and Lael Brainard as the vice-chair. The news initially buoyed Wall Street but quickly markets began to price in an earlier-tha...
The China Foreign Exchange Committee — founded under guidance from the central bank – recently urged banks to limit speculative FX trading. CNY has climbed to its 6-year high versus USD, and it ...
According to the latest ADP data, Canada added 39,400 jobs in October. This was the third consecutive monthly gain. The increase primarily came from the transportation, trading, utilities, and constru...