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The euro’s lack of volatility underscores key horizontal levels and the potential for range trading. EU inflation and updated sentiment data unlikely to move the dial significantly
Equity markets lost ground during APAC trade as disappointing US jobs figures weighed on market sentiment. The notable widening of the spread between 2-year and 10-year Treasuries could weigh on US benchmark indices. Fading momentum suggests a short-term pullback could be on the cards for the Dow Jones and Nasdaq 100. Advertisement Asia-Pacific Recap Equity markets slipped lower during Asia-Pacific trade as a unexpected rise in US jobless claims and climbing bond yields weighed on risk appetite. Australia's ASX 200 plunged 1.34% on disappointing retails sales data, and Japan's Nikkei 22...
Australian Dollar Technical Outlook: AUD/USD, AUD/JPY, AUD/CHF 2021-01-13 03:00:00 Daniel Moss, Analyst Australian Dollar, AUD/USD, AUD/JPY, AUD/CHF, Technical Analysis – Talking Points: AUD/CHF eyeing a push to challenge the 200-week moving average. Inverse Head and Shoulders pattern hints at extended gains for AUD/JPY. AUD/USD poised to climb to fresh multi-year highs after slicing through key resistance. As mentioned in previous reports, Australia’s success in suppressing the novel coronavirus, in tandem with soaring commodity prices, may underpin the cyclically-sensitive AUD in the c...