Western investors abandon their previous positions on Yuan
A bunch of Western investors previously placed bets for the last two years that China’s Yuan currency would go down due to a weaker Chinese economy…
Forex News
Key information updates for profitable trading
Aussie and Kiwi move down vs. greenback in late trade
On Wednesday, the Australian and New Zealand dollars slumped because comments by Fed officials kept backing the US dollar and traders were waiting for the Reserve Bank of New Zealand’s policy verdict due on Thursday…
Australian shares inch down at close of trade
On Wednesday, after the close Australian shares moved down since losses in the Metals & Mining, Resources, not to mention Materials sectors suppressed stocks…
Gold ascends in Asia on views for 3rd Fed lift in 2017
On Wednesday, gold added in Asia, with Fed views on rate lifts for the rest of 2017 in focus with some hopes that inflation isn’t sturdy enough for a third lift this year as forecast…
Crude keeps to multi-month minimums on glut fears
On Wednesday, crude went down, sticking to multi-month minimums…
Ifo lifts surge forecast for German economy
The Ifo economic institute increased its 2017 surge forecast for the German economy to up to 1…
Taiwan shares inch up at close of trade
On Tuesday, Taiwan stocks climbed up after the close because revenues in the Other Electronic, Cement as well as Cement & Glass sectors brought stocks up…
Greenback surges against yen after Fed's Dudley demonstrates hawkish tone
On Tuesday, the greenback hit a more than three-week peak versus the Japanese yen after an influential Federal Reserve official told that American inflation might inch up alongside wages, thus backing hopes for the Fed to keep lifting interest rates…
Asian stocks approach two-year peak as American hi-tech rebound drives mood
On Tuesday, Japan's Nikkei acquired more than 1%, getting to a two-year peak, underpinned by rebound in American hi-tech stocks because traders bet on solid surge in the US economy as well as corporate profits worldwide…
Gold climbs up marginally in Asia on Fed views
On Tuesday, gold gained marginally in Asia on overnight revenues in the greenback, although differing views by Fed policy makers on interest rates generated caution…
Crude prices keep to seven-month minimums
On Tuesday, crude markets stood around seven-month minimums because market participants focused on persistent signs of soaring supply, undermining attempts by OPEC as well as other oil producers to underpin prices…
Australia's major bank frets on financial stability amid mounting household debt
Australia's major financial institution ramped up its rhetoric on financial stability risks amid soaring household debt and runaway property prices, a threat, which helped ratings agency Moody's to downgrade Australia’s key banks this week…
