Forex News

Key information updates for profitable trading

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…

Transfer union could provoke end of euro zone
Transfer union could provoke end of euro zone

Evidently, turning the euro zone into a so-called "transfer union", where richer member states are bound to finance poorer ones could potentially provoke the end of the single currency bloc…

Catalonia relief pushes euro to two-week maximum
Catalonia relief pushes euro to two-week maximum

On Wednesday, the common currency soared to a two-week maximum versus a broadly weaker greenback on relief that Catalonia just formally declared its independence from Spain without making further steps…

Taiwan equities rally at close of trade
Taiwan equities rally at close of trade

On Wednesday, Taiwan equities added after the close because profits in the Semiconductor, Plastic as well as Electricity sectors underpinned stocks…

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