Forex News

Key information updates for profitable trading

China September imports surpass expectations
China September imports surpass expectations

In September, China's imports and exports inched up at a faster tempo than in the previous month, thus hinting that the world's number two economy is still extending at a healthy clip notwithstanding numerous forecasts of an eventual slowdown…

Economy bets back common currency for a fifth day
Economy bets back common currency for a fifth day

On Thursday, the common currency ascended to a two-week maximum after a bunch of strong reports that underpinned a growing view that the ECB will roll out a plan to wind down its enormous stimulus plan at a policy gathering later this month…

China gives birth to yuan-ruble payment system
China gives birth to yuan-ruble payment system

China has already rolled out a payment versus payment (PVP) system for Russian ruble and Chinese yuan transactions for the purpose of reducing risks and improving the overall efficiency of its foreign exchange transactions…

Gold jumps in Asia on moderately dovish Fed minutes
Gold jumps in Asia on moderately dovish Fed minutes

On Thursday, gold jumped in Asia because the major US bank appears on track for a December rate lift, although the financial institution demonstrated a dovish tone in its 2018 minutes published overnight…

Crude sags in Asia on API estimates
Crude sags in Asia on API estimates

On Thursday, crude sank in Asia because American industry estimates demonstrated a bearish as well as unexpected build in oil inventories, while market participants waited for official figures…

Evergreen buck slides in Asia after Fed
Evergreen buck slides in Asia after Fed

On Thursday, the US currency went down in Asia because minutes from the major US bank showed some uncertainty as for a December rate lift among some FOMC officials, although the overall view appeared to be still intact for the hike…

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