California rolling back reopening and the outside the lower close pressure tech talks The US stocks are ending the session with mixed/negative results. The Dow industrial average actually close marginally higher on the day. The S&P index and NASDAQ, however, reversed earlier gains and fell sharply. Contributing to the declines was the news that California
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A Bloomberg video interview with Credit Agricole head of G10 FX research and strategy at Credit Agricole While we await Asian markets getting a little more active for the session, a quick watch if you are interested: If the vid does not work, link here to page For bank trade ideas, check out eFX Plus
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Risk appetite is generally firm today with European indices trading in black while US stocks also open higher. Rebound in oil prices help push Canadian Dollar to be the strongest one today, followed by Australian. On the other hand, Yen and Swiss Franc are generally weakest. Though, it’s a surprise that Sterling is among the
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Jay Hao — CEO of major crypto exchange OKEx — made positive remarks about meme cryptocurrency Dogecoin (DOGE). When answering Cointelegraph’s recent inquiry concerning new Dogecoin-related OKEx features, Hao made it clear that he has a rather positive view of the cryptocurrency. He said: “Despite showing the lighter side of cryptocurrency, it is not a
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EUR/JPY is reversing the recent pessimism and regains poise on Monday. The next stop on the upside emerges at last week’s peaks around 122.00. Following two consecutive daily pullbacks, EUR/JPY has managed to reclaim buying interest and advance beyond the 121.00 yardstick at the beginning of the week. If the buying interest picks up pace
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At the BOC meeting this week, we expect new Governor Tiff Macklem to continue Stephen Poloz’s legacy and leave the policy rate unchanged at 0.25%, the effective lower bound. The asset purchases programs (QE) will also be maintained. Canada’s reopening since the June meeting has largely been smooth. Economic data released since then have also
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Gold prices fail to keep the late-Friday pullback from $1,794. S&P 500 Futures cheer the hopes of further stimulus. Coronavirus conditions continue to worsen, Sino-American tussle become intensifies. Gold prices take rounds to $1,800, currently around $1,799.40, during the pre-Tokyo open Asian session on Monday. The bullion remains pressured following the two-day losing streak amid
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