(eToro Blog) A bullish sentiment for the USD/JPY pair dominates on OpenBook, where the pair is currently trading at 79.98 while a similar bullish trend is being seen on the EUR/JPY pair, currently at 106.11. As markets have been primarily focused on the Greek drama, certain events have been quietly happening below investors’ radar. It [...]
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China’s Contractionary PMI a Worry to Aussie Traders
(eToro Blog) Monthly PMI manufacturing data starts to trickle in today, with China among the first releases. News that China’s HBSC PMI data for February continues, for the 4th consecutive month, to fall into the contractionary territory has created new worries of a global economic slowdown. The Australian economy is heavily dependent on China’s growth [...]
RBA’s Easing Bias Knocks Aussie from Recent Highs
(eToro Blog) Earlier today, the Reserve Bank of Australia released the minutes from its February 7th meeting which showed that the central bank stands ready to consider an interest rate cut if conditions warrant given the inflationary outlook. News of possible additional easing, even perhaps well into the medium term, was enough to knock the [...]
