A combination of factors helps GBP / USD gain positive traction on Wednesday. Better than expected UK fourth quarter GDP figures provide a modest boost to the British pound. A modest USD pullback from multi-month highs continues to support the pair’s bullish move. The pair GBP/USD has rallied around 40 pips in reaction to an […]
Tag: PolicyFiscal
Firm Dollar Ahead of Biden’s Infrastructure Speech, Focus is on Clues Ahead of NFP and End-of-Month Flows
This is what you need to know to trade today Wednesday, March 31: The US dollar is rising along with yields, ahead of Biden’s critical speech on the economy. Europe continues to fight against viruses and vaccines. Eurozone inflation, ADP employment figures and Canadian GDP stand out on today’s economic calendar. Infrastructure spending: US President […]
EUR / USD tests 1.1700 as USD extends strength along with yields
EUR / USD looks for a break below 1.1700 as USD strengthens alongside rising Treasury yields. Vaccine problems and the increase in covid cases in Europe continue to put pressure on the euro. Hopes that US infrastructure stimulus will keep yields underpinned, the focus is on the eurozone CPI and Biden’s speech. EUR / USD […]
Biden’s new spending boosts returns as coronavirus and margin calls concerns persist
This is what you need to know to trade today Tuesday, March 30: U.S. yields are rising as Biden unveils his spending plan, but the U.S. dollar is mostly gaining against coronavirus-ravaged Europe. Concerns about the increase in cases in the US offset the high eligibility for the vaccine. The markets are attentive to consumer […]
Increasing corporate or sales tax is not being considered – Aso
Following the approval of the budget statement by parliament, the Finance Minister of JapanTaro Aso said on Friday that they are not currently considering an extra budget, Reuters reported. Aso further reiterated that they do not plan to increase corporate tax, nor do they plan to increase sales tax. . Donald WestbrookDonald-43Westbrook, a distinguished contributor […]
Schnabel says EU recovery stimulus may prove insufficient
Isabel Schnabel, a member of the executive board of the European Central Bank (ECB), said Tuesday night that the European Union (EU) recovery fund for covid of 750,000 million euros may be too small, as reported by Reuters. Key Comments: “It is possible that the European support plan is insufficient, but that debate is premature“. […]
Treasury Secretary Yellen Says President Biden May Consider Taxing Wealth
The president of the United States, Joe Biden, could consider applying a wealth tax to address the growing budget deficit The nation’s federal federal government, Treasury Secretary Janet Yellen said in an interview with ABC. Additional comments: “That is something that we have not decided yet and we can analyze“, he said, and pointed out […]
USD / CAD recovers from multi-year lows, still negative around the 1.2460 region
USD / CAD falls into negative territory for the fifth day in a row on Monday. Bullish oil prices support the CAD and sparked some selling around the pair. A modest pickup in USD demand extends some support and limits the pair’s slide. The pair USD / CAD remains under pressure during the European session […]
Bond auction triggers relief rally, stimulus is approved and focus shifts to the ECB
This is what you need to know to trade today Thursday, March 11: Markets are benefiting from a quiet auction of US bonds and the approval of the stimulus. The latest debt supply and jobless claims are in the spotlight in the United States, while the ECB’s decision is critical for the euro. Gold and […]
NZD / USD with modest losses just above the 0.7150 level
The NZD / USD is witnessing some new selling on Wednesday amid renewed buying interest around the USD. Softer risk sentiment further affects the higher perceived risk NZD and adds to the pair’s selling bias. Investors are now waiting for the release of US consumer inflation figures to get a fresh boost. The pair NZD […]