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Tag: RiskAppetite

Bulls step back amid concerns over China, coronavirus

[ad_1] Asian equity rally fizzles as covid woes join pre-Jackson Hole anxiety. Beijing’s crackdown on IT companies firm-up fears over China’s economic recovery. BOK announces rate hike, US-China jitters renew but all eyes await Fed Chair Powell’s Jackson Hole showdown. After a strong rebound during early week and a firmer Wall Street close, Asia–Pacific markets …

Bulls step back amid concerns over China, coronavirusRead More

AUD/USD flirts with bears above 0.7300 amid coronavirus woes, firmer USD

[ad_1] AUD/USD bounces off intraday low but remains mildly offered. Melbourne extends virus-led lockdown, NSW refreshes record infections. US stimulus passage backs the greenback bulls despite fears of budget drama. US inflation data, risk headlines will be important for near-term directions. AUD/USD pares intraday losses around 0.7342 after bouncing off the day’s low of 0.7333, …

AUD/USD flirts with bears above 0.7300 amid coronavirus woes, firmer USDRead More

Fedspeak, coronavirus woes portray sluggish moves

[ad_1] Asian equities dribble as mixed domestic catalysts, stimulus hopes battle tapering tantrums, covid jitters. China, Australia and Japan register multi-day high virus infections. Indonesia GDP marks first expansion in five quarters, Aussie Trade Balance improves in June. BOE, qualitative factors in focus ahead of the key Friday. Asian shares trade mixed, mostly pressured, ahead …

Fedspeak, coronavirus woes portray sluggish movesRead More