NASDAQ index and Dow industrial average close marginally higher. Russell index surges
a snapshot of the final numbers shows:
a snapshot of the final numbers shows:
Schlagwort-Archiv: EUR
Key events and releases for the week starting February 22
Fed Powell testifies. RBNZ rate decision
Tuesday
Wednesday
Thursday
Friday
Tuesday
Wednesday
Thursday
Friday
Pres. Biden: US will have enough vaccine for public by end of July
Pres. Biden speaking in Michigan
CFTC commitments of traders: Small changes and speculative positions. EUR remains the largest position
Weekly forex futures positioning data from the CFTC for the week ending Tuesday, February 16, 2021
– EUR long 140K vs 140K long last week. Unchanged
– GBP long 22K vs 21K long last week. Longs increased by 1K
– EUR long 140K vs 140K long last week. Unchanged
– GBP long 22K vs 21K long last week. Longs increased by 1K
UK February CBI trends total orders -24 vs -35 expected
Latest data released by CBI – 19 February 2021
The CBI readings are a survey on manufacturers to rate the level of volume for orders expected during the next 3 months.
The CBI readings are a survey on manufacturers to rate the level of volume for orders expected during the next 3 months.
China may ban rare earth technology exports on security concerns – report
Bloomberg reports on the matter
The report says that China is conducting a review of its rare earth policy and looking into possibly banning the export of rare earth technology to countries or companies it deems as a threat to state security, citing a person familiar with the matter.
The report says that China is conducting a review of its rare earth policy and looking into possibly banning the export of rare earth technology to countries or companies it deems as a threat to state security, citing a person familiar with the matter.
Gold fails to find reprieve despite pressure on the dollar
Gold keeps lower by 0.3% but off the lows earlier in the day
That might just be the story for gold as it fails to catch a respite even as the dollar has slumped by quite a bit in European morning trade.
That might just be the story for gold as it fails to catch a respite even as the dollar has slumped by quite a bit in European morning trade.
AUD/USD breaks to highest levels since March 2018 as the dollar slumps
AUD/USD climbs to a high of 0.7837, its highest level since March 2018
The dollar is slumping further across the board and that is helping to lift AUD/USD to its highest levels in almost three years as the pair looks to break resistance at around 0.7800-20 and keep a break towards 0.8000 potentially next.
The dollar is slumping further across the board and that is helping to lift AUD/USD to its highest levels in almost three years as the pair looks to break resistance at around 0.7800-20 and keep a break towards 0.8000 potentially next.
UK February preliminary services PMI 49.7 vs 42.0 expected
Latest data released by Markit/CIPS – 19 February 2021
That is surely a welcome development as it keeps the already more optimistic focal points of the market i.e. vaccine rollout and BOE not rushing into negative rates, in an even better spot as we navigate through Q1 this year. Markit notes that:
That is surely a welcome development as it keeps the already more optimistic focal points of the market i.e. vaccine rollout and BOE not rushing into negative rates, in an even better spot as we navigate through Q1 this year. Markit notes that:
BOE’s Saunders: Don’t need to decide yet on negative rates
Further remarks by Saunders
– Scope to cut interest rates is limited now
– If we wanted to lower yield curve, lower bank rate would be the best tool
– BOE has a range of policy tools
The pushback on negative rates by the BOE has been clear since the last meeting. As things stand, it is more of
– Scope to cut interest rates is limited now
– If we wanted to lower yield curve, lower bank rate would be the best tool
– BOE has a range of policy tools
The pushback on negative rates by the BOE has been clear since the last meeting. As things stand, it is more of