Forex News

Key information updates for profitable trading

Gold ascends moderately in Asia
Gold ascends moderately in Asia

On Friday, gold gained moderately in Asia, with market sentiment subdued following the Fed rate lift as well as wavering fortunes for the greenback with traders focused on whether the Trump Administration is capable of getting back on track with its tax…

Oil is narrowly mixed in Asia
Oil is narrowly mixed in Asia

On Thursday, oil was narrowly mixed in Asia, with market participants observing a steady drumbeat of bearish supply news overwhelming statements from OPEC as well as allies led by Russia that output drops through March of 2018 are actually working their…

Gold goes down in Asia after Fed lift
Gold goes down in Asia after Fed lift

On Thursday, gold dived in Asia as a widely expected interest rate lift by the Fed provided room for caution, though the major American currency failed to respond steeply providing room for support…

Crude soars on Saudi promise to make real supply cuts
Crude soars on Saudi promise to make real supply cuts

On Tuesday, crude prices added, underpinned by statements that OPEC-leader Saudi Arabia was making considerable supply drops to customers, though ascending American output meant financial markets were still well supplied…

Gold heads south in early Asia
Gold heads south in early Asia

On Tuesday, gold traded weaker in early Asia, with focus on the Fed as well as demand prospects for the number one precious metal as the major bank is geared up to normalizing monetary policy…

Oil holds profits in Asia
Oil holds profits in Asia

On Monday, oil held profits in Asia, following supporting comments by the Russian as well as Saudi energy ministers…

Gold moves down on stronger greenback
Gold moves down on stronger greenback

On Friday, gold descended because the greenback managed to regain some ground after Thursday’s three key risk events, though financial markets were still waiting for the final outcome of the British election…

Crude stabilizes after abrupt dips
Crude stabilizes after abrupt dips

On Friday, crude managed to stabilize, following abrupt dips earlier this week, though they were still suppressed by evidence of an everlasting fuel glut notwithstanding efforts led by OPEC to tighten the market by simply holding back output…

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