Invesco’s chief global market strategist explains why she’s bullish on technology, a group getting rocked by volatility.
Euro Q4 Fundamental Forecast: More Euro Weakness Likely Lies Ahead
The ECB, and by extension the Euro, faces the unenviable combination in Q4 of weakening economic growth and above-target inflation.
AUD traders: Keep an eye on Iron Ore & coal prices
Iron Ore
Iron Ore prices (light orange)have moved sharply higher helping lift the AUD today as well as positive COVID news.
If Iron Ore prices keep rising higher then expect that to further support the AUD. Around 20% of all Australia’s exports are Iron Ore. Coal is the next highest export and those prices are already well
Iron Ore prices (light orange)have moved sharply higher helping lift the AUD today as well as positive COVID news.
If Iron Ore prices keep rising higher then expect that to further support the AUD. Around 20% of all Australia’s exports are Iron Ore. Coal is the next highest export and those prices are already well
Forexlive European FX News 11 Oct: JPY weakness sends the USDJPY higher to 113
Risk leans on, but risk remains
Other markets
– FTSE +0.32%
– Dax -0.47%
– CAC -0.34%
– Bitcoin +2.77%
– Gold -0.14%
– US oil +2.95%
Oil markets kept pushing higher on the three main drivers of low inventories, rising demand, and skilled OPEC market communication.
Other markets
– FTSE +0.32%
– Dax -0.47%
– CAC -0.34%
– Bitcoin +2.77%
– Gold -0.14%
– US oil +2.95%
Oil markets kept pushing higher on the three main drivers of low inventories, rising demand, and skilled OPEC market communication.
EU proposals due this week to try to solve N.Ireland protocol issues
EU proposals
Risk for the GBP this week is if PM Johnson plays hard ball with EU and no compromise decisions are reached over the N.Ireland protocol.
Risk for the GBP this week is if PM Johnson plays hard ball with EU and no compromise decisions are reached over the N.Ireland protocol.
Trading 101:the commodity currencies
Commodities are natural resources
The AUD, NZD & CAD are collectively known as the commodity currencies. Why? Because they are heavily influenced by their export of various commodities.
The AUD, NZD & CAD are collectively known as the commodity currencies. Why? Because they are heavily influenced by their export of various commodities.
Some China Evergrande offshore bondholders have not received interest payments
Constant risk
Keep in mind that the Evergrande crisis could spark risk off trading at any moment. Be aware of short the JPY…
Keep in mind that the Evergrande crisis could spark risk off trading at any moment. Be aware of short the JPY…