FX

NYSE: NIO trims parts of its Friday’s gains at the beginning of the week. XPeng releases details on a new SUV model to take on GM. Volkswagen reports its EV sales in China have already surpassed its domestic rivals.  Update, November 16: NYSE: NIO lost almost 5% of its value on Monday, extending the previous
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In a reiteration of the ECB’s now well-known stance/inflation view, ECB’s de Guindos said that the current phase of higher inflation, which in part reflects an increase in energy prices and supply constraints, could last longer than expected only some months ago. Supply-side shortages may dampen activity while pushing up prices, adding to the uncertainty in
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Editor-in-Chief Hu Xijin of Chinese highly influential media outlet, Global Times, said on Saturday, via Twitter, ‘if Australian troops come to fight in the Taiwan Straits, it is unimaginable that China won’t carry out a heavy attack on them and the Australian military facilities that support them.” “So Australia (had) better be prepared to sacrifice
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USD/JPY reached two-week tops around 114.00 retreating the upward move as the New York session began. The USD/JPY pair fell amid US dollar weakness across the board. Flat US bond yields undermined the US dollar prospects against the Japanese yen. The USD/JPY retreated from weekly tops around 114.00, fell 0.17%, trading at 113.88 as the
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Moody’s Investors Service is out with its latest assessment of the Asia-Pacific economies, offering a stable outlook on the region. “Most will rebound, helping to support debt stabilisation at higher levels than pre-pandemic,” Moody’s said in its report. Market reaction The Asian stocks are a big bag in the final trading day of the week,
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AUD/USD bears stay in control with eyes on 0.73 the figure.  A break of 0.7300 opens risk to the 0.7280s for the sessions ahead. AUD/USD fell on Wednesday and extended losses in Thursday’s Asian session following a surprisingly strong US Consumer Price Index report and a shockingly poor Aussie jobs event.  AUD/USD has fallen from 0.7393
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US 10-year Treasury yields consolidate weekly losses around lowest levels since late September. S&P 500 Futures remain pressured for the second consecutive day. China, inflation and US stimulus headlines weigh on sentiment ahead of US inflation. Market’s mood remains downbeat during early Wednesday, even as the US Treasuries step back amid stimulus hopes. The reason
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Gold has capitalized on falling US T-bond yields and looks to extend its rally north of the multi-month downtrend, strategists at TD Securities report.  Gold is itching for a breakout  “Gold prices are set to challenge the multi-month downtrend from all-time highs. Counter-intuitively, this comes after a strong Nonfarm Payrolls report.”  “The central bank has
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