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News

UK's Sunak: Will review COVID economic support measures in March
British finance minister Rishi Sunak said on Tuesday that they will review additional COVID-19 support measures in March budget, as reported by Reuter | 26/01/2021 12:08
British finance minister Rishi Sunak said on Tuesday that they will review additional COVID-19 support measures in March budget, as reported by Reuters.
Sunak further reiterated that they acknowledge the risks that companies are facing because of the lockdowns and added that he hopes to provide an update on green gilt issuance when he delivers the budget statement on March 3.
Market reaction
These remarks were largely ignored by the market participants. As of writing, the UK's FTSE 100 Index was up 0.9% on the day at 6,699.
Popular News
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AUD/USD Price Analysis: Remains sluggish around key hurdles above 0.7800
AUD/USD takes rounds to 0.7830 amid the early Wednesday. The pair recovered so far during the week before pausing the run-up off-late. In doing so, th | 03/03/2021 04:26
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PBOC seen shifting focus to stabilizing leverage – China Press
The People’s Bank of China (PBOC) is likely to change its monetary policy stance towards containing macro leverage ratios this year in a departure fro | 03/03/2021 04:08
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Asian Stock Market: Hopes of further stimulus, strong economy favor bulls ahead of key data/events
Asian equities stay firmer despite Wall Street’s downbeat performance as Australia’s GDP and risk-positive signs from the US and the UK favor risks du | 03/03/2021 03:57
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Gold Price Analysis: XAU/USD eyes $1755 as the next upside target – Confluence Detector
Gold (XAU/USD) is consolidating its solid recovery from multi-month troughs on Wednesday, as the upbeat market mood weighs on the traditional safe-hav | 03/03/2021 03:35
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GBP/JPY Price Analysis: Eyes to regain 150.00 ahead of British budget
GBP/JPY refreshes intraday high with 149.20 figures during the early Wednesday. In doing so, the quote justifies high hopes from today’s UK budget, ba | 03/03/2021 03:28
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US: Core PCE inflation to peak at 2.4% in April – Goldman Sachs
The Goldman Sachs analysts believe that the US inflation is likely to edge higher in the coming month before subsiding by the year-end. Key quotes For | 03/03/2021 02:54
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USD/JPY bounces in Asia, looks to test 107.00
After a brief consolidative stint in early Asia, USD/JPY has regained poise, now heading back towards the seven-month highs of 106.96 reached Tuesday. | 03/03/2021 02:39
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GBP/USD Price Analysis: Fades bounce off 21-day EMA ahead of UK budget
GBP/USD trims prior gains while declining to 1.3955, down 0.08% intraday, during Wednesday’s Asian session. In doing so, the quote fizzles Tuesday’s b | 03/03/2021 02:19
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BOJ’s Kataoka: Lowering short, long-term rates needed – MNI
The Bank of Japan (BOJ) must lower both short and long-term policy interest rates via ramping up purchases of Japanese government bonds (JGBs), the ce | 03/03/2021 02:13
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AUD/USD remains bid even as China Services PMI drops
A private gauge of China's services-sector activity released a few minutes before press time showed a slowdown in the pace of expansion in February. S | 03/03/2021 02:03
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Gold Price Analysis: The bullish conditions improve, eyes on $1,760
Further to the earlier analysis, Gold Price Analysis: Bulls to take control to $1,760 to complete bearish 4-hour W-formation, the price is consolidati | 03/03/2021 02:00
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NZD/USD wavers around 0.7300 despite weaker-than-expected China Caixin Services PMI
NZD/USD stays unaffected during its three-day upbeat, currently around 0.7300, following China’s weaker-than-expected data amid Wednesday’s Asian sess | 03/03/2021 01:59
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China's Caixin Services PMI drops to 51.5 in February, at ten-month lows
China's Caixin services PMI for February came in at 51.5 vs. 52.0 last, which showed that the business activity grew at the slowest pace in ten months | 03/03/2021 01:47
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China Caixin Services PMI down to 51.5 in February from previous 52
China Caixin Services PMI down to 51.5 in February from previous 52 | 03/03/2021 01:46
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S&P 500 Futures look for fresh positive to keep mild gains above 3,850
S&P 500 Futures seesaw around 3,870, up 0.10% intraday, during early Wednesday. In doing so, the risk barometer fades the early-Asian bullish bias ami | 03/03/2021 01:45
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Australia’s Treasurer Frydenberg warns global stimulus threatens financial stability – FT
Australia’s Treasurer Frydenberg warns global stimulus threatens financial stability – FT more to follow .... | 03/03/2021 01:38
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EUR/USD Price Analysis: Bulls again defend the 100-day SMA
EUR/USD looks north, having defended the 100-day Simple Moving average (SMA) support on Tuesday with a green long-tailed candle – evidence of dip dema | 03/03/2021 01:26
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PBOC sets yuan reference rate at 6.4565
The People's Bank of China (PBOC) has set the yuan reference rate at 6.4565 versus Tuesday's fix at 6.4625. | 03/03/2021 01:17
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AUD/CAD Price Analysis: GDP boost takes price to higher-highs
As per this week's ''The Watchlist: GBP/JPY, EUR/USD, CHF/JPY and more setups in the making,'' AUD/CAD is making its way towards the forecasted target | 03/03/2021 01:07
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Ireland Purchasing Manager Index Services: 41.2 (February) vs 36.2
Ireland Purchasing Manager Index Services: 41.2 (February) vs 36.2 | 03/03/2021 01:03
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USD/CAD Price Analysis: Battles key HMA confluence below short-term resistance line
USD/CAD fades bounce off weekly lows while easing to 1.2630 during Wednesday’s Asian session. In doing so, the quote fizzles the early Asia recovery m | 03/03/2021 01:00
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AUD/JPY jumps 15 pips as Australia's GDP beats estimates
The bid tone around the Aussie dollar strengthened, pushing AUD/JPY higher by 15 pips to 83.66 after Australia reported an upbeat Gross Domestic Produ | 03/03/2021 00:53
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AUD/USD refreshes intraday high above 0.7800 on upbeat Australian Q4 GDP
AUD/USD takes the bids near 0.7835 following upbeat Aussie Q4 GDP print during Wednesday’s Asian session. The quote also benefits from risk recovery a | 03/03/2021 00:40
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Aussie GDP Q4 (QoQ): 3.1% QoQ, much better than expected, AUD bid
Australia's fourth-quarter national accounts have been released where Gross Domestic Product was expected to have risen by 2.5% QoQ taking year-ended | 03/03/2021 00:32
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Hong Kong SAR Nikkei Manufacturing PMI up to 50.2 in February from previous 47.8
Hong Kong SAR Nikkei Manufacturing PMI up to 50.2 in February from previous 47.8 | 03/03/2021 00:31
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Japan Jibun Bank Services PMI: 46.3 (February) vs 46.1
Japan Jibun Bank Services PMI: 46.3 (February) vs 46.1 | 03/03/2021 00:31
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Australia Gross Domestic Product (QoQ) above expectations (2.5%) in 4Q: Actual (3.1%)
Australia Gross Domestic Product (QoQ) above expectations (2.5%) in 4Q: Actual (3.1%) | 03/03/2021 00:30
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Australia Gross Domestic Product (YoY) above forecasts (-1.8%) in 4Q: Actual (-1.1%)
Australia Gross Domestic Product (YoY) above forecasts (-1.8%) in 4Q: Actual (-1.1%) | 03/03/2021 00:30
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Silver Price Analysis: XAG/USD fades recovery moves from five-week low below $27.00
Silver refreshes intraday low to $26.67, currently around $26.72, in a pullback move during Wednesday’s Asian session. In doing so, the quote fizzles | 03/03/2021 00:22
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EUR/JPY Price Analysis: Bulls setting up for higher daily highs to 130.45
Further to the start of the week's analysis, EUR/JPY Price Analysis: Bulls seeking daily upside continuation, the price has indeed got over the initia | 03/03/2021 00:08
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