Asia-Pac stocks traded higher as regional bourses took their cues from the fresh all-time highs on Wall Street.
Tag - aud - australian dollar
Asian equity markets traded mostly higher as the region took impetus from global peers including the advances on Wall Street as governments around the world looked poised to boost spending to help economies recover from the coronavirus and vaccine roll-out programmes accelerated.
Asian equity markets advanced after the firm handover from Wall St with the resurgence led by the tech sector.
WTI oil is spearheading the camp of bulls today as it crosses $54; other assets are mostly volatile while the US dollar is pretty strong.
RBA's first meeting in 2021 will grab a lot of trader's attention. What will be the impact on the AUD?
Silver is rarely mentioned in the Forex reviews - but now comes its time as it skyrockets in line with a few other trading instruments.
The RBA’s interest rate is announced on Tuesday at 05:30 MT time.
The US dollar is heading towards its largest weekly increase since October amid the risk-off market sentiment. Whereas, global stocks are having their worst weekly drop in nearly three months.
Asia indices decline on spillover selling from US where stocks had their worst day since October amid overvaluation concerns, earnings pressure, hedge fund liquidations and with the Fed providing a downbeat tone on the economy.
What’s happening? S&P dropped, the AUD dropped, while USD/JPY skyrocketed!
Asian equities traded mixed and attempted to shrug off the weak handover from the US where there was a slight negative bias.
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