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Stocks initially showed a lack of direction but came under pressure over the course of the trading session on Friday. The major averages slid firmly into negative territory, extending the pullback seen over the two previous sessions. The major averages climbed well off their worst levels late in

S&P 500 Futures struggle to extend the two-day rise amid mixed clues. Trade war fears join a light calendar to challenge the market’s previous optimism. Coronavirus case numbers jump in Texas but vaccine hopes dim the pandemic woes. Fed is widely expected to keep the monetary policy unchanged, q

GBP/JPY bounces off an intraday low of 135.56 but prints mild losses on a daily chart. Bearish MACD, sustained break of a four-month-old ascending trend line keeps the sellers hopeful. 50-day SMA adds to the upside barrier, 61.8% of Fibonacci retracement on the bears’ radars. GBP/JPY marks another

Following Tuesday’s two-way wild swings, Gold (XAU/USD) returns to the backseat, as the haven demand for the US dollar remains in vogue amid the risk-off action in the global stocks. The sentiment soured on rising US-Sino tensions, US fiscal deadlock and pessimism over the coronavirus vaccine. Astra

In a scheduled speech on Wednesday, the Bank of Japan (BOJ) Deputy Governor Masazumi Wakatabe said that the easy monetary policy is having its positive effects on the economy and the market. Additional comments “Japan's economy in very severe state but showing some signs of pickup.” “Japan's economy

GBP/USD prints four-day winning streak while taking the bids above 1.3100. Sustained trading beyond a four-month-old rising trend line and a 7.5-month-long falling support line favor buyers. March month high lures the bulls while bears will stay away unless breaking 1.2990. GBP/USD refreshes the in

A report from earlier came from The Times, writing that three American B-2 stealth bombers have arrived in the Indian Ocean island of Diego Garcia on the eve of Chinese live-firing naval exercises north of Taiwan. Lead paragraphs It is the first time the nuclear-capable strategic bombers have been

Policy announcement earlier: RBNZ leaves cash rate unchanged, boosts asset purchase program Remarks at the presser: says NZ dollar appreciation has moderated returns for exporters  fiscal policy remains primary responder to crisis yesterday's new outbreak did not materially impact decision today

Photo: Bloomberg After a controversial election, internet and cell service have been down in Belarus since Sunday, in what appears to be a move by the country’s Government as violent protests erupt across the country. A side effect of the internet blackout is that websites and trading platforms of

According to FX Strategists at UOB Group, NZD/USD is now targeting the 0.6700 region in the near-term. Key Quotes 24-hour view: “While our view for NZD to strengthen yesterday was correct, our expectation that ‘0.6670 could be out of reach’ was not quite right as NZD popped to a high of 0.6689 befor