Market News

Gold Breaks Above $1900; Stocks Mixed; RBNZ Takes Hawkish Bias.

The bank announced that it would continue with its loose monetary policy stance until it reaches its unemployment and inflation targets.

Analysts say that lack of new data to shift momentum has kept sterling trade in consolidation mode.

Despite some encouraging sentiment among Western nations that an economic boom is on the horizon, there has been some counterintuitive data which paints a less-than-rosy picture for the intermediate term.

According to data released by Statistics New Zealand, retail sales rose by 2.5% in quarterly terms, after dropping by 2.7% in the previous month.

Stocks Boosted by Fed Inflation Comments; Gold Near New 4-Month High; Crypto Slide Halts for Now.

It seems that the crypto bear market has already started.

Stocks Slightly Higher in Asian Session; Gold Near New 4-Month High; Cryptocurrencies May Be Bottoming.

The US Dollar remained close to milestone lows during the Asian trading session on Friday.

Members of the committee are not satisfied by how the economy is reacting to the bank's stimulus measures.

The broad cryptocurrency market has seen a swift bearish trend develop the past week-and-a-half, which has essentially erased many gains and has brought mid-term support levels into view.

FOMC Minutes Reveal Tapering Talk; Stocks, Cryptocurrencies Bounce Back; Gold Reaches New 4-Month High.

Bank of Japan Governor Haruhiko Kuroda recently commented that the Bank is willing to extend its pandemic relief program, especially now that the number of infections is spiking and expected to affect the already fragile economic situation.

The pound sterling touched on a one-week trough against the euro and was flat versus the greenback after the latest inflation data was summarily dismissed by Forex traders.

Cryptocurrencies Continue to Sell Off; Global Stock Indices Mostly Lower; Gold, Euro Hit New Highs.