Asia Session-The day ahead

asia-session

Asia-Session Overnight Bullets -Asia: South Korea consumer confidence; Hong Kong trade -Treasury’s $57 bln 5-year sale mixed, tails to 0.397%, garners 2.38 cover -Treasury’s 2-year auction decent but mixed results, record $56 bln at 0.165% -U.S. flash Markit PMIs climb, manufacturing index at 56.7, best since Sep 2014 -Wall Street firmer on third vaccine candidate […]

AUD/USD Struggles. Yuan’s deception.

Today we see the AUD/USD struggling to stay above .7200 as the bears claw their way out of hibernation. With not much data coming out and the US on a national holiday, we saw the Aussie retract. That and the growing coronavirus stimulus concern have got traders nervous. Throw China’s Trade Numbers into the mix […]

Trump, COVID and NFP

As it so happens President Donald Trump and wife Melania Trump have both tested positive for COVID-19. Only hours after announcing that the “Pandemic’s end was in sight”. He also spent months down playing the virus as the country lost tens of thousands of lives. The main concern right now is around the fiscal package. […]

The Week Ahead

What a week it was. The markets definitely showed up to play last week but what will it have installed for us this week. Let’s start off with the Aussie dollar. After a tight week for the AUD/USD pair, trading only in an 80 pip range, how will it hold up against the dollar? With […]

RBNZ Flat lines on interest rates

After only four new cases of coronavirus, New Zealand is going into lockdown again today. Prime Minister Jacinda Ardern announced Auckland would return to stage three restrictions for three days starting Wednesday after its 100 day streak of not a single single recorded case was broken. The fear comes not in the fact there are […]

Kiwi unemployment figures expected to spike

Jacinda Ardern has been praised for her handling of the coronavirus pandemic and her countries response to her leadership during such a time. With only 1567 infections recorded and 1523 recovered. However the economy hasn’t weathered the storm. It seems as though the virus has been a burden on the labor market and it shows […]