Here are the latest market charts and analysis for today. Check them out and know what’s happening to the market today. AUDNZD The pair was still intact on the downtrend channel after it failed breakout of the channel resistance line. The gap in the relationship between Australia and New Zealand were growing as the two …
ASIAN MARKET – Asian stocks experienced a China-led rise on Monday after US President Donald Trump announced that he would delay planned hikes in tariffs on Chinese imports. Negotiations between the two economic superpowers have made “substantial progress,” Trump said. Last Sunday, Trump tweeted announced that he would delay the scheduled tariff hikes supposed to …
Asian Market: China Stocks Rise after Trump Tariff Delay Read More »
Due to concerns over the apparent economic slowdown, and in spite of the supply cuts by oil cartel OPEC and US sanctions toward Venezuela, oil markets plummeted on Friday. US West Texas Intermediate (WTI) crude futures stood at $52.20 per barrel. This was 44 cents lower than the previous close, or 0.8 percent. Last session, …
Oil Prices Slump of Economic and Political Risks Read More »
The safe-haven yen fell versus its peers on Wednesday as worries over slowing global growth and US trade tensions dampened investors’ appetite for riskier assets. The yen weakened by 0.3 percent versus the greenback to 109.73. Against the Aussie dollar, it slipped 0.5 percent. As widely anticipated, the Bank of Japan kept monetary policy unchanged …
Yen Slumps on Global Growth Risks and Trade Tensions Read More »
The International Monetary Fund slashed its global growth forecasts on and a survey showed increasing negativity among business chiefs as trade tensions and uncertainty loomed over the world’s biggest annual gathering. The bleak IMF forecasts, published on the eve of the World Economic Forum in Davos, Switzerland, emphasized the challenges that are faced by policymakers …
Here are the most recent and most relevant stock market charts and analysis. Check them out below! EURCAD The pair was expected to bounce back in the following days with the formation of the “Golden Cross” and the “Rising Wedge” pattern. As Canada became the battleground for the economic-turned-political war between the United States and …
Daily Market Charts and Analysis January 21, 2019 Read More »
Oil prices were steady on Monday in Asia after official data showed Chinese economic slowdown was in line with expectations and not as sharp as some analysts had feared. China’s economy expanded 6.4 percent during the fourth quarter of 2018 from a year earlier, as expected, official data from the National Bureau of Statistics showed …
Oil Prices Firm after Massive Increase Last Friday Read More »
Asian stocks held to their nerve on Monday as data showed the Chinese economy slowed at the end of last year, emphasizing the urgent need for more stimulus as Beijing wrestles with the United States over trade. Investors are also waiting to hear British Prime Minister Theresa May’s ‘Plan B’ for Brexit which is set …
Asian Stocks Steady even on Sluggish China Growth Read More »
China is set to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising US tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. Increasing signs of weakness in China, which has fueled nearly a third of …
China Economy Expected to Slow Down Weak Domestic Demand Read More »
Oil prices increased around 1.5 percent on Monday, pushed up by optimism that talks in Beijing can resolve a trade war between the United States and China, while supply cuts by major producers also supported crude. Read ,more here!
The Australian and the New Zealand dollar staged a remarkable comeback on their US counterpart on Friday, as lackluster economic data fueled speculation of a U-turn on US interest rates. Read more here!
Factory activity weakened across Asia in December as the US-China trade war and a slowdown in Chinese demand hit production in most countries, strengthening the case for a pause in interest rate hikes in the region in 2019. Read more here!
The yen and the Swiss franc gained on Friday, as investors sought refuge in safe-haven assets because of renewed US-China trade tensions and weaker-than-expected data in the top two economies that revived global growth fears. Read more here!
Here’s this day’s most important price movements and charts. Check them out!
Asian shares slumped on Friday after China reported a set of weak data, fuelling fresh worries of a slowdown in the world’s second biggest economy and leaving investors fretting over the wider impact of a yet to be solved US-China trade dispute. Read more here!
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