The euro seems to be in focus ahead of a European Central Bank (ECB)meeting later on Thursday, where any positive comments about the economic outlook or hints of tapering bond purchases are expected to help the euro. Analysts at National Australia Bank give their view on the ECB monetary policy announcement. “Meeting should be without [...]
The pound has dropped despite upbeat Uk jobs report and weaker US dollar. The Uk unemployment rate report showed a drop to 4.9% which is 0.1% less than the expectation of 5% whereas the Claimant count has dropped to 10.2 k which is significantly less than the expectation of 113 k ,The figure is also [...]
Global economic optimism created due to the covid vaccine rollout weighs on the safe haven asset - greenback. Along with that, the RBA monetary policy, Lower Treasury yields seems to favor the Aussie. As per the Australian RBA minutes, Australia’s economic recovery has surpassed all expectations with an “above-trend” expansion likely this year. The country’s [...]
Gold is trading upside against greenback This is mainly due to the persistent weakness US Treasury yields. But the demand for the US dollar, amid concerns over the US President Biden’s $2.25 trillion infrastructure stimulus and covid infections is acting as a barrier in the upside trading of gold. U.S. 10-year Treasury yields has edged [...]
