The Australian Industry Group Performance of Construction Index with a good size jump in the month But still in contraction.   New orders and activity both up,  +10.6 to 45.7 and +11.3 to 42.4 respectively

Photo: iStock Brazil has now entered the race of developing a central bank digital currency (CBDC) as its monetary regulator is aiming to bring one by 2022, the president of the Central Bank of Brazil Roberto Campos Neto revealed. This came weeks after the central bank established a group to study

According to the latest data published by fund network Calastone, the UK-focused equity funds saw record outflows of 1.2 billion pounds ($1.58 billion) over the past quarter due to the coronavirus impact and intensifying no-deal Brexit fears.   Key takeaways “The two issues were "prompting investors

Gold (XAU/USD) tested the critical $1976 resistance while hovering near the highest levels in two weeks on Monday.  The dovish Fed narrative, which implied that a period of low-interest rates would extend, continues to benefit the non-yielding gold. Although a bounce in the US Treasury yields and ri

Analysts at Goldman Sachs offer a sneak peek at what to expect from the US Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole Symposium due this Thursday at 1310GMT. Key quotes “Expect Powell to reveal the key conclusions of the Bank’s framework review. And that will be the FOMC

Photo: FM Pepperstone, a global forex and CFDs broker, has received a financial services license from the German regulator BaFin, the brokerage confirmed to Finance Magnates. The brokerage is highlighting the move as a part of its global growth strategy. Indeed, its approach to receiving a local

EUR/USD, “Euro vs US Dollar” After completing the ascending structure at 1.1469, EURUSD is moving downwards to reach 1.1402. After that, the instrument may grow towards 1.1435, thus forming a new consolidation range between these two levels. If later the price breaks this range to the upside, the ma

NZD/USD fails to keep the previous day’s positive performance even as Chinese GDP mark welcome numbers. China’s Q2 GDP and June month Industrial Production confront downbeat Retail Sales data. The shift in market sentiment, amid fresh US-China tussle, also weighs on the quote. A heavy economic calen

Market movers today Markets will continue to monitor the global COVID-19 development, as global cases now top 10,000,000 and global deaths unfortunately are set to climb above 500,000 today. In particular, the US situation continues to worsen and the reopening in e.g. Texas is now on halt. We are co

The Malaysia stock market has moved lower in back-to-back trading days, sinking almost 30 points or 1.9 percent in that span. The Kuala Lumpur Composite Index now rests just above the 1,545-point plateau although it's looking at a higher open on Monday. The global forecast for the Asian markets sugg