Final readings of New Zealand’s ANZ Business Confidence and Activity Outlook slipped below the initial forecasts and prior read-outs in the latest announcement showing -4.0 and 16.6% figures respectively. The key points of the readings were "All forward-looking activity indicators were lower in the second half of the month. The preliminary results would not have [...]
Greenback is in uptrend by a higher Treasury yields on optimism around a quick economic recovery as vaccinations gain momentum. The US treasury yields were higher as investors awaited President Biden’s announcement of the $4tn infrastructure plan. U.S. President Joe Biden is about to outline on how he would pay for his $3 trillion to [...]
USD/JPY traders made a setback on Monday as the market sees challenges in the form of coronavirus (COVID-19) resurgence and US-China trade war tension. The Bank of Japan’s (BOJ) latest “Summary of Opinions” has also impacted its role to pull the USD/JPY backward. Reuters has reported that the Bank of Japan can increase transparency and [...]
GBP/USD made a recovery against the loss during early Friday. While doing so, the quote enjoys the recent recovery in the market sentiment. Market sentiment is boosted as hopes of further stimulus join the Fed’s strong rejection of reflation fears. Also adding the optimism in the market sentiment is the US President Joe Biden’s push [...]
