Forex News

Key information updates for profitable trading

S&P downgrades China as credit surge is still too fast
S&P downgrades China as credit surge is still too fast

China's vigorous attempts to tame risks from its fast buildup in debt aren’t working as rapidly as expected and credit surge is still excessively fast, as S&P Global Ratings told on Friday, just a day after it dared to have the Asian country's sovereign…

Crude prices stand still ahead of OPEC meeting
Crude prices stand still ahead of OPEC meeting

On Friday, crude prices didn’t change in early Asian trade because the market was eager to see whether key crude producers would dare to extend supply cuts beyond March at a gathering in Vienna later in the day or not…

Greenback tumbles versus yen on resuming North Korea tensions
Greenback tumbles versus yen on resuming North Korea tensions

On Friday, the evergreen buck went down against the Japanese yen in early Friday trade versus a backdrop of resuming tensions on the Korean peninsula, although the steep divergence between American and Japanese monetary policy tamed the US currency’s…

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