Gold prices has edged lower on Thursday as higher U.S. Treasury yields has dented the metal's appeal, although losses were limited due to a weaker dollar and Federal Reserve Chairman Jerome Powell's dovish comments. The US 10-year Treasury yields step back from 1.3940%, the highest since February, to 1.3810% the latest. Comments from Fed policymakers [...]
NZD/USD touched a high which is the level last seen in April 2018. There is a positive sentiment despite the Reserve Bank of New Zealand (RBNZ) expressed willingness to provide more stimulus and stressed its ability to implement negative rates if needed. The Reserve Bank of New Zealand kept its Official Cash Rate (OCR) steady [...]
Cable is traded with the positive momentum. The bulls attack the highest levels since April 2018, flashed the previous day, ahead of the UK employment report for January. The forecasts suggest improvement in the UK jobs report but any disappointment can’t be ignored as this includes the lockdown period. Interest rates may stay at historically [...]
Australia is one of the nine nations which holds a AAA credit rating, the country’s Treasurer Josh Frydenberg said after the US-based Fitch Ratings affirmed the OZ economy’s top-tier AAA rating, Country’s Treasurer Josh Frydenberg tweeted out that "Fitch says we have 'weathered the pandemic well compared with peers' and 'Australia's labor market appears to [...]
