STOCK EXCHANGES – On Monday, while strong Chinese export and bank loan data enhanced the confidence in the global economy and hopes on the US-China trade talks are approaching a final lap, Asian shares nearly kicked its highest within 9 months. Risk appetite has also been boosted, helping the dollar gain against major currencies. Since …
OIL INVENTORY REPORT – Brent slipped further away from the $70 mark after topping that level during the previous session, while West Texas Intermediate (WTI) crude was also slumped, dragged down by concerns over trade negotiations. Brent crude futures for front-month delivery lost 26 cents, or 0.5 percent, hitting $69.4 per barrel. Last session, it …
Oil Inventory Report: Oil Slips, Headed for Gains this Week Read More »
TRADE AGREEMENT- On Wednesday, the Asian Development Bank said additional momentum could not be possible, as slow down of Asia’s growth development in 2019 continues. Economic risks increased with the trade war between the US and China and a potentially disorderly Brexit. This year, growth of 5.7 is expected on the 45 countries in the …
Trade Agreement: Possible slowdown in 2019 due to Brexit Read More »
FX MARKET – Last Tuesday in Europe, nearly on its third week, the dollar was close to being on its highest level on trading. At the same time, optimism has been damaged, raising the possibility of a disruptive and disorderly Brexit by the euro and sterling. On Monday, the greenback against a basket of six …
ASIAN MARKET- On Tuesday, after the rally on the previous day, Asian markets strengthened in the morning trade. Both China’s Shanghai Composite and Shenzhen Component strengthened 0.2% on trading. At the same time, Hong Kong’s Hang Seng Index rose 0.1%. After poll’s displayed the country’s manufacturing activity unexpectedly rebounded in March, almost 3% of Chinese stocks ascended on Monday. …
ECONOMIC DEVELOPMENT – Chinese industry minister said on Monday that the country will have lesser intervention in its massive industrial sector. This comes after an obvious scaling back of its high-tech industrial push, which has long been a problem to the United States. China is also attempting to ease the concerns surrounding its industry policies, …
Economic Development: China Intervenes Less in Industries Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening to the market today. USDRUB The pair will continue its steep decline following its break down from a major uptrend support line and the crossed over between MAs 50 and 200. Tension was rising between the United States …
CURRENCY PAIRS –The dollar gained on Wednesday on safe-haven appeal after reports of further tensions in the US-China trade negotiations. However, gains were capped as investors awaited the Federal Reserve for its policy meeting later in the day. The supposedly negative impact of the Fed’s pausing of interest rate hikes on the dollar has been …
BRENT – Brent crude futures slipped on Tuesday as the markets prepared for low demand growth for fuel, with the OPEC-led cuts on production still managing to buoy the market. Brent crude futures traded at $65.36 per barrel in the session, 0.5 percent down from the last session, losing 31 cents. Meanwhile, Us West Texas …
Brent: Oil Prices Slump on Lackluster Demand Outlook Read More »
ASIAN MARKET – Asian stocks were higher on Friday after index publisher MSCI announcement which said it would increase the weighting of Chinese mainland shares in its benchmarks that measure stock performances globally. Meanwhile, the dollar benefited from robust economic data. The MSCI index said that it would increase four times the weightings of China’s …
Asian Market: Stocks Higher after MSCI Announcement Read More »
The U.S.-China trade talks are near its ending. Signals point towards a done deal, with China to continue a large run on trade surpluses with the United States. Additionally, it will never affirm Washington’s imposing reforms for its trade industry. The government of China negotiators is firmly tough. For instance, China and Russia arriving on …
Biggest Economies: US-China Trade Deal Resolution is Near Read More »
The US dollar retained its recent gains versus its major peers on Tuesday, backed by a recovery in investor’s risk appetite, which gave an overnight boost to US yields. The Australian dollar gained, recouping earlier losses, after the Reserve Bank of Australia (RBA) held rates at record lows at its first meeting of the year …
The yen was stronger against its peers on Tuesday with investors trying to take refuge in safe-haven assets after the US Justice Department charged Chinese giant Huawei Technologies Co Ltd with fraud, ramping up the US-China trade tensions. The United States on Monday charged Huawei, its chief financial officer, and two other affiliates with bank …
Asian stocks inched up in subdued trade on Thursday after Wall Street ended higher, but political uncertainty in the United States and concerns about weakening global economic growth kept many investors on the sidelines. Financials spreadbetters expect London’s FTSE, Frankfurt’s DAX, and Paris’s CAC to slip slightly when trade session open, with investors awaiting news …
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 »
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