Tag: Rally

Yen goes into freefall, stocks stage another relief rally

Yen hits 32-year low against dollar as Japan’s currency crisis deepensSterling recovers after new finance minister tears up disastrous tax plansStock markets stage comeback too, encouraged by rosy bank earningsYen breaks downJapan’s currency...

Sterling pauses after UK fiscal U-turn rally, yen scrabbles off 32-year low By Reuters

© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Joice Alves LONDON (Reuters) - Sterling paused on Tuesday, after surging almost 2% the day...

The relief rally looks to build further on the week

There was a bit of uneasiness when Treasury yields turned late yesterday but stocks managed to hold on, with S&P 500 futures posting a stunning 2.6% advance and the Nasdaq gaining by 3.4%....

New Zealand Dollar Elevated by Rate Hike Risk. Will NZD/USD Rally Continue?

New Zealand Dollar, NZD/USD, RBNZ, CPI, US Dollar, AUD/NZD - Talking PointsThe New Zealand Dollar has firmed after CPI data beat expectationsThe figures reveal price pressures took off in the 3rd quarter despite...

USD/JPY Rally Pushes RSI Into Overbought Territory

Japanese Yen Talking PointsUSD/JPY registers the longest stretch of advance since April 2011 as it rallies for nine consecutive days, and the exchange rate may continue to appreciate over the coming days as...

GBP/USD Rally Stalls as Kwarteng Resigns and PM U-Turns

GBP Key Points:Kwasi Kwarteng Resigns, Jeremy Hunt Named New Chancellor of the Exchequer.Prime Minister Truss Confirmed the Corporate Tax Rate Will Increase to 25%.Political Implications and the Way Forward. Recommended by ...

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