Forex News

Key information updates for profitable trading

Dollar keeps to six-week minimum vs. yen
Dollar keeps to six-week minimum vs. yen

On Wednesday, the evergreen buck kept to a six-week minimum versus the safe-haven yen, with market participants cautious ahead of the UK’s general election, a ECB policy verdict, not to mention testimony by ex-FBI Director James Comey…

Aussie reaches one month peak following better than seen Q1 GDP
Aussie reaches one month peak following better than seen Q1 GDP

On Wednesday, the Australian dollar reached a one-month peak after better-than-expected first quarter surge figures, while market participants brace for a big day on Thursday with the ECB, testimony by sacked FBI chief James Comey as well as the UK…

Stocks in Asia mostly decline
Stocks in Asia mostly decline

On Tuesday, Asian shares mostly headed south in cautious trade ahead of major events later in the week, with the United Kingdom heading to surveys on Thursday as well as ex-FBI chief James Comey set to testify to US Congress…

Gold stands still as RBA holds steady as expected
Gold stands still as RBA holds steady as expected

On Tuesday, gold jumped, with traders holding positions ahead of the British election on Thursday as well as testimony to Congress by the sacked FBI chief, which could potentially affect the Trump administration's further plans for economic reforms…

Australian dollar soars as RBA holds just as expected
Australian dollar soars as RBA holds just as expected

On Tuesday, the Australian dollar revived in Asia right after the latest major bank rate review held steady, thus  shrugging off the current account because it dared to widen further than previously expected into deficit…

Crude prices descend due to Middle East issues
Crude prices descend due to Middle East issues

On Tuesday, crude sagged for a third day, affected by worries that a political rift between Qatar as well as several Arab states would strictly undermine an OPEC-led initiative to tighten the oil market…

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