The S&P500’s (+1.00%) fresh rise to historical high levels on Monday proved once again that investors see what they want to see only...
The EURUSD kicked off the week on a slightly bearish note. The steady US dollar sent the pair below the 1.18 mark in Asia...
Asian markets opened the week on a slightly upbeat note following a positive close in the US on Friday. Stocks in Sydney (+0.14%) and Tokyo (+0.05%) were flat, and the Hang Seng (+1...
The US dollar remains vulnerable as the 10-year treasury yield declines to 0.65%. Inflation in Japan hit a four-month high of 0.3% m-o-m in July, mainly due to a rise in food prices, though the core inflation remained flat at 0% y-o-y...
US equity indices edged higher, as Nasdaq (+1.06%) rallied to a new record on Thursday, on concerns that the Covid-19 environment would last longer and maintain the strong demand in tech and online services...
In the FX, the US dollar continues dictating the overall direction. The EURUSD and the GBPUSD gave back their early-week gains on the back of a global rebound in the US dollar...
The S&P500 (-0.44%) came off from its record highs following the Federal Reserve’s (Fed) reluctance to offer more guidance immediately...
The S&P500 (+0.23%) finally closed above its February, and all-time high. This was the fastest rebound from a bear market after the pandemic-induced sell-off erased more than 20% of its value in the first quarter of the year. Nasdaq closed 0.73% higher...
Escalating US-China tensions weighed on sentiment in Asia. Equities in Shanghai (+0.32%) and Hong Kong (-0.02%) lacked direction, the ASX (+1...
The US dollar sank to a two-year low after the Empire Manufacturing index warned that the business conditions in the US deteriorated significantly more than expected in August, with the headline figure showing a decline to 3.7 from 17.2 printed a month earlier...
Gold remained bid above the $1930 per oz, but investors remain in a wait-and-see mode following the severe downside correction that dragged the price of an ounce by up to $200 last week...
Equities in Asia kicked off the week on a mixed note. Nikkei (-0.63%) fell as the data showed the Japanese economy contracted 7.8% in the second quarter and 27.8% on annualized basis, the worst figures on record, as the pandemic took a heavy toll on consumption, capital expenditure and exports...
US equities edged lower, except for technology stocks as standstill fiscal talks in the US limited the appetite for more equity purchases as the major US indices fluctuated near their all-time highs...
Elsewhere, the European July inflation figures are expected to print negative numbers in July despite business reopening and normalisation. The Australian unemployment rate rose to 7.5% in July, the highest since November 1998, as the number of unemployed skyrocketed from 15...
The downside correction in US technology stocks didn’t last long. Nasdaq rebounded more than 2% on Wednesday, and the S&P500 (+1.40%) traded above the all-time closing high completing a full circle to return to its pre-Covid levels. Apple (+3...
The EURUSD fell to 1.1711 on the back of a sudden pop in the US dollar and has potential to extend losses toward the 1.1640 handle, the minor 23.6% retracement on March – August rebound. In the absence of major events in Europe and the US today, the pair should follow the dollar’s lead...
US stocks sold sharply into the closing bell on stalling fiscal stimulus discussions in the US. Broad profit taking on tech stocks sent Nasdaq 1...
