McCarthy
US major indices close lower across the board. S&P and NASDAQ break winning streak
5 day winning streak is over
The US major indices are closing lower across the board. The declines are led by the Dow industrial average. However the S&P index and NASDAQ index also fell smartly.
The Dow industrial average did not trade positive on the day.
The NASDAQ index traded up over 8
AUD/USD Price Analysis: Consolidates recovery gains below 0.6900 after RBA's Debelle
AUD/USD keeps pullback moves from 21-day EMA, short-term support line.
RBA’s Debelle suggests policy support, defies negative interest rates.
A two-week-old symmetrical triangle could question the bulls.
200-day EMA, a two-month-long rising trend line offers strong downside support.
AUD/USD prints
EUR/USD resumes fall towards 1.12 amid trade tensions, ECB minutes eyed
EUR/USD in downside consolidation phase, looks vulnerable.
EU-US trade tensions could further boost the safe-haven USD.
German/US virus stats, risk trends and ECB minutes in focus.
Following Wednesday’s 75-pips sell-off, EUR/USD is looking to extend the downside below 1.1250, as the bears fight ba
RBA’s Harper: Would certainly be unhelpful if AUD/USD was back up over 0.70
In an interview with Bloomberg on Friday, Reserve Bank of Australia (RBA) board member Ian Harper offered his take on the next policy action and Australian dollar.
Key quotes
“Government should come up with a "tapering arrangement" for its stimulus programs (these are due to end in September).”
“A s
Germany sells largest amount of 10-Year bonds in six years
The German government is raising debt on a massive scale to finance the coronavirus stimulus package.
On Wednesday, Germany sold €4.14 billion ($4.6 billion) of debt maturing in 10 years. That is the highest amount of 10-year bonds sold since 2014. Demand for securities, however, declined with the
A quick movement in USDJPY indicates a new trend starter?
#USD/JPY#
Analysing Forex from The Market side & perspective. One buyer positions have been stopped out by downtrend and then a quick up movement for about 80 pips. This move could incidate that the downtrend has ended. Last friday in Asia trading session, there is an up movement
India Manufacturing Sector Activity Continues To Deteriorate
India's manufacturing conditions recorded another sharp deterioration in May due to fall in demand, output and employment amid the ongoing coronavirus lockdown, survey results from IHS Markit showed on Monday.
The headline IHS Markit manufacturing Purchasing Managers' Index, or PMI, increased to 30.
Major court fight between Germany and EU looms
The German Constitutional court ruled against the ECB in a case regarding QE and bond purchases. The EU threatens Germany in response.
The heart of this battle goes to the Maastricht Treaty which formed the Eurozone. The Treaty says there will be no commingling of debts. And the German court ruled
US Service PMI Better Than Forecast: The dollar, equities and bond yields rise
Service sector contracts the most since financial crisis but index tops forecast.
Employment and new orders post lowest scores, largest declines in series’ history.
April ends the longest positive streak in the index history.
Dollar get modest boost against majors except yen.
US equities, bond yield
Pull-up Update
