DAILY MARKET REPORT

DAILY MARKET REPORT

The dollar hit a more than two-year high against the euro. The greenback has strengthened against the euro as economic data shows a brighter economic outlook for the United States than for the eurozone. EQUITIES Asian share market rally paused on Thursday while Wall Street closed at record highs on Wednesday. The S&P 500 and...
DAILY MARKET REPORT

DAILY MARKET REPORT

The Kiwi pairs are rebounded sharply after hawkish comments from RBNZ. The RBNZ left the cash rate on hold as expected at 1%. New Zealand dollar jumped 1% to $0.6475, its sharpest rise in two months. EQUITIES Asian markets trading higher on Wednesday following the Wall Street gains on Tuesday. Both the S&P 500 and...
DAILY MARKET REPORT

DAILY MARKET REPORT

Today the US, Fed’s Chair Powell is due to testify on the Semi-annual Monetary Policy Report before the House Financial Services Committee, in Washington DC. Traders and investors will be watching to see whether Powell seems prepared to move away in the Fed’s neutral stance on rates of interest. EQUITIES Asian markets continue the second...
DAILY MARKET REPORT

DAILY MARKET REPORT

China's annual inflation rate jumped to 5.4% in Jan 2020 from 4.5% in December, above the market consensus of 4.9%. The fastest acceleration since October 2011 was mainly down to the skyrocketing price of food. The price hikes were mainly caused by the Lunar New Year holidays and novel coronavirus outbreak. EQUITIES Asian stocks ended...