Maugham
Singapore Producer Prices Decline At Faster Pace
Singapore producer prices declined at a faster pace in August on a sharp fall in oil cost, data from the Department of Statistics showed Tuesday.
Producer prices decreased 9.3 percent on a yearly basis in August, following a 6.4 percent drop in July. Oil and non-oil indices were down 35.6 percent an
Daily London Session Watchlist: GBP/NZD
Partner CenterFind a Broker
It’s PMI day for the major European economies today!
While the dollar may continue to gain against its major currencies, manufacturing and services activity in the European region could inspire some serious intraday moves.
Before we check out GBP/NZD’s setup, make s
U.S. Consumer Sentiment Improves Much More Than Expected In September
After reporting an unexpected increase in U.S. consumer sentiment in the previous month, the University of Michigan released a report on Friday showing consumer sentiment continued to improve in the month of September.
The preliminary report said the consumer sentiment index climbed to 78.9 in Se
Long EUR, Powell to paint a dovish, uncertain outcome – JP Morgan
Analysts at JP Morgan note their expectations from Wednesday’s US Federal Reserve (Fed) monetary policy and its implications for the euro.
Key quotes
“Market was looking for clarification on AIT together with forward guidance, recent Fed speak has suggested that this will now be unlikely.”
“Powell w
Bank of Canada Rate Decision Preview: Inflation worries and the zero bound
No change expected in policy interest rate of 0.25%.
August jobs report in line with expectations, positive for the fourth month.
More than half of pandemic job losses have been recovered.
Canadian Dollar reverses near 2020 high, falls below 1.3200 on oil plunge.
At its September meeting on Wednesd
Despite Slowdown, XTB CEO Dubs Q2 Performance as Massive Success
Photo: FM
After reporting its financial results for the first half of 2020 towards the end of July, the share price of Polish brokerage XTB plummeted, as market participants reacted negatively to a slow down in the second quarter.
As Finance Magnates reported, XTB’s share price fell more than 30 p
EUR/USD Weekly Outlook
EUR/USD edged higher to 1.1916 last week but retreated since then. Initial bias remains neutral this week first. Further rise will remain in favor as long as 1.1695 support holds. On the upside, break of 1.1916 will target will extend larger rally from 1.0635 to 161.8% projection of 1.0774 to 1.1422
One small step towards fiscal integration, one giant leap for the euro – JP Morgan
Last week, the EU region took a giant step for a more fiscally integrated Europe with all 27 leaders of the EU member states approving the European Commission’s proposal for a joint COVID-19 crisis recovery fund. Gabriela Santos from JP Morgan notes that this recovery plan is a small step for fiscal
Caitlin Long’s Crypto Bank Avanti Planing for an October Launch
Photo: Arnab Shome
Avanti, the Wyoming-based crypto-focused bank, has announced on Thursday that its application for a bank charter was accepted as complete by the state’s banking division.
The application timeline has also been accelerated, and the bank is now eying to launch its services in Octo
WTI slips below $42.00 amid a quiet Asian session
WTI takes a U-turn from $41.70 amid recent risk reset.
Hopes of further stimulus favor confront US-China tussle.
EIA stockpiles followed the footprints of API inventories.
Traders will keep eyes on the risk catalysts, for fresh impetus.
WTI drops to $41.98, up 0.15% on a day, while heading into the
Dollar ends broadly lower as risk appetite returns
Market Review - 08/07/2020 23:44GMT
Dollar ends broadly lower as risk appetite returns The greenback went through a volatile session as despite initial gain in Asia and European morning, dollar met renewed selling interest and ended lower across the board on Wednesday as a late rally in U.S. sto
Pull-up Update