Crypto assets go up
On Friday, digital coins went up, with Bitcoin making its way towards the psychologically crucial $4,000 level…
British pound declines on election fears
On Thursday, the British pound retreated, following concerns that Britain’s Prime Minister Theresa May could lose control of the country’s parliament in June 8 election. Meanwhile, conflicting signals on the health of Chinese manufacturing sector drew attention of most Asian stock markets.
Britain’s currency retreated 0.1%, hitting $1.2877 after a YouGov survey disclosed May could be short of the number of seats required to form a government, thus increasing the probability of political turmoil as formal Brexit talks burst out.
Outside Japan, MSCI's broadest index of Asia-Pacific stocks stood still after four sessions of losses. It’s because market participants derived profits after stocks reached a two-year peak the previous week and as economic as well as geopolitical worries kept weighing on sentiment.
Besides this, Chinese shares SSEC went down 0.4% after a private survey disclosed the country's manufacturing activity dipped in May for the first time in 11 months. It definitely contrasts with official reports on Wednesday, suggesting surge was still steady.
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On Thursday, the major US currency rebounded from its unexpected dive following dismal economic data that sparked fears about the strength of the American economy and also backed the Fed’s intention to leave rates on hold in the nearer future…
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Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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