The Australian Dollar and its local ASX 200 stock index see upside momentum fading as prices pressure chart resistance. Australia and the US are seeing tensions with China brewing as markets look f…
The Japanese Yen slumped as Moderna’s coronavirus vaccine trial sent the Dow Jones to its best day in almost 6 weeks. Ahead, the Australian Dollar may rise alongside APAC shares.
Will recent declines in the Dow Jones, S&P 500 and Nasdaq Composite materially shift retail investors’ tendency to short equities? How can that impact the outlook for Wall Street?
The Australian Dollar may be at risk after AUD/USD followed the aggressive slide in the Nasdaq Compositeinto the close. Ahead, Asia Pacific equities may fall as the Yen gains.
The Indian Rupee may struggle against the US Dollar as local credit spreads widen and the country struggles with the coronavirus outbreak. Will USD/INR exit its consolidative state?
The USD/JPY may extend its rally after the US Dollar soared in a mixed 24 hours for global equities. The tech-heavy Nasdaq Composite outpaced the Dow Jones Industrial Average.
Traders thirst to sell the Dow Jones has been fading as upside momentum on Wall Street has been slowing. This is as the sentiment-linked Australian Dollar could be at risk.
The New Zealand Dollar struggled despite rosy jobs data all things considered. NZD/USD’s focus likely remains on risk trends, stocks on Wall Street trimmed most of their gains today.
The USD/CAD stalled at resistance as crude oil prices soared and sentiment recovered. Volatility may be due for the Australian Dollar next as it faces the RBA rate decision.
The US Dollar stabilized versus the Singapore Dollar, Indonesian Rupiah and Malaysian Ringgit as central banks spent foreign exchange reserves amid the virus. Why is this important?