US dollar on the defensive after Powell RemarksNZDUSD trying to breakout on dollar weaknessUSDJPY edges lower on retreating yields The US dollar was licking its wounds Wednesday morning after sliding to one and a half month lows against the majors. After starting the week at highs of 96.20, the dollar index, which measures the greenback strength, has slid to lows of 95.50 … [Read more...] about NZDUSD Bulls Eye 0.6800 As USDJPY Remains Under Pressure Below 116.00
Forex News
China’s Factory Prices Rose More Slowly Than Anticipated in December
Source: National Bureau of Statistics of China China’s factory-gate prices increased at a slower pace than initially anticipated in December after government measures to control high prices of raw materials. CSI 300 up +1.00%, CNY USD up +0.15% Consumer price inflation also eased last month as food prices dropped.The producer price index (PPI) rose 10.3% from a year … [Read more...] about China’s Factory Prices Rose More Slowly Than Anticipated in December
UK Productivity Slips as Furlough Eases
Source: Office for National Statistics Productivity in the United Kingdom fell in the third quarter, marking the lowest level for the year as the government’s furlough program narrowed during the period. Output per hour worked declined by 1.4% quarter-on-quarter to 101.1 in the third quarter, hitting the lowest level in 2020. This is 1.1% higher than the 2019 average.The … [Read more...] about UK Productivity Slips as Furlough Eases
Goldman Strategists Encourage Market Players to Take Advantage of Dip in Stocks
Source: Bloomberg Market players should take advantage of the dip in equities and continue to accumulate holdings, according to Goldman Sachs strategists to UBS Global Wealth Management. Strategists led by Cecilia Mariotti believe the selloff in stocks in a number of firms may be overdone soon, with yields unlikely to move higher.Valuations are not expected to become a … [Read more...] about Goldman Strategists Encourage Market Players to Take Advantage of Dip in Stocks
European Union Unemployment Improves Further in November
Source: Eurostat Employment opportunities continued to improve in the European Union in November, as reflected by the unemployment data, which marked a continued decline. VGK is down 0.66%, while EZU is down 1.15% premarket. The seasonally-adjusted unemployment rate in the EU was 6.5% in November, down from 6.7% in October and 7.4% the same month in 2020.This is … [Read more...] about European Union Unemployment Improves Further in November
