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Dollar retreats on profit taking after hitting 9-1/2 month high: Aug 23, 2021
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Euro Mixed Ahead Of German GfK Consumer Sentiment Index, Import Prices
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Daily Recommendations on Major -EUR/USD
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Dow Jones Erases Intraday Slump, ASX 200 and Hang Seng May Fall
DOW JONES, HANG SENG, ASIA-PACIFIC MARKET OUTLOOK:
Asia-Pacific markets opened mixed after Wall Street stocks erased deep intra-day losses, the USD fell
Brexit talks remain the top event risk after the US moves closer to pass a stimulus and spending bill
Financials sector shares soared as the Fed gave banks the green light to resume share buybacks Advertisement
Wall Street, Brexit Talks, Banking, Asia-Pacific Stocks Outlook:
Last night investors saw a rollercoaster trading session for equities, forex and commodities as risk assets pared deep intra-day losses while the US Dollar erased significant gains. The wild market moves overnight were perhaps owing to both stretched market valuations and thin liquidity conditions, which can exacerbate market movements even with a small catalyst. Besides, still rapidly climbing coronavirus cases and the resulting lockdown measures serve to suppress risk app