AUD/USD picks up bids to extend Friday’s upside momentum. NSW reports another blockbuster daily covid count, NZ reports softer infections. Australia Company Gross Operating Profits jump 7.1% in Q2. Risk catalysts remain as the key amid a light calendar ahead of US session. AUD/USD extends Friday’s run-up, the biggestRead More →
Japanese yen, geopolitical risks, tension between the United States and China, Bank of Japan interest rate decision – DISCUSSION POINTS Japanese Yen May Rise on U.S.-China Geopolitical Tension, Bank of Japan Rate Decision Tension over Hong Kong creates a rift between Pacific countries, endangering the Australian dollar and NewRead More →
Gold’s haven appeal amid mounting U.S.-Iran tensions and uncertainty in the Middle East could turn sour following the precious metal’s recent price rally to near seven year highs. “The geopolitical instability is adding fuel to the fire,” said Maria Smirnova, senior portfolio manager at Sprott Asset Management, following a sharpRead More →
Asian markets retreated in early trading Wednesday amid new uncertainty involving Brexit and Hong Kong. On Tuesday, British Prime Minister Boris Johnson won Parliament’s backing for the substance of his exit deal but lost a key vote on its timing, a result that inches him closer to his goal ofRead More →
U.S. Treasury prices rose Thursday, pulling yields lower, after two oil tankers came under attack in the Gulf of Oman, a key shipping artery for oil products. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, -0.17% edged lower by 1.4 basis points to 2.115%. The 2-year noteRead More →
Asian markets were mixed in early trading Thursday, tracking Wall Street’s lackluster trading day. Markets largely shrugged off a report that the U.S. and China may sign a long-negotiated trade deal in late May or early June, as well of claims that North Korea test-fired a new tactical guided weapon,Read More →
Asian stocks were mixed in early trading Thursday as investors remained cautious amid a spate of worldwide geopolitical concerns, including President Donald Trump’s summit with North Korean leader Kim Jong Un, U.S.-China trade talks, testimony by former Trump lawyer Michael Cohen, Brexit and conflict between India and Pakistan. Japan’s NikkeiRead More →
Europe’s markets were down on Wednesday, as escalating geopolitical tensions between Pakistan and India heightened investor fears. Markets were also waiting for the second summit between President Donald Trump and North Korean leader Kim Jong Un to kick off in Vietnam’s capital. Metro Bank PLC tumbled by 20%. How areRead More →
