Australian shares on Wednesday extended its gains continuously for a fourth session, with the help of commodity-exposed stocks on firm crude and metals prices and as the investors placed bets on improving prospects for a global economic recovery. Yesterday, the International Monetary Fund raised its global economic growth forecast to 6% this year, a rate [...]
Euro seem to be in the uptrend as greenback weakens amid a return of risk-off mood ahead of the Eurozone data. The futures linked to the US indices flipped to losses, suggesting risk-aversion. Investors are doubtful on the prospects of the post-pandemic economic recovery and on the US President Joe Biden’s $2.25 trillion infrastructure plan. [...]
Japan's services sector activities declined in March as businesses is struggling to fully shake off the impact of the coronavirus pandemic which was showed by a private survey showed, but the pace of the downturn was the slowest since January last year. The final au Jibun Bank Japan Services Purchasing Managers' Index (PMI) rose to [...]
Fundamental view: GBP/USD has been seeing a rock and roll trend in response to US yields and Jeo Biden’s plan. The main development of the past week has been President Joe Biden's $2.25 trillion infrastructure plan. Treasuries fluctuated and caused jitters which allowed each currency to trade somewhat differently against it. For sterling, that was an [...]
