China SOEs will resist privatization
China is expected to resist bad ideas, including privatization…
Market News
Key information updates for profitable trading
Crude sits close to half-year minimums
On Friday, crude prices kept to six-month minimums, held down by an everlasting supply overhang, persisting notwithstanding an OPEC-led effort to reduce output and also prop up crude markets…
Yen heads south as BOJ keeps asset buys steady
On Friday, the Japanese yen stayed weaker after the Bank of Japan held monetary policy intact as expected, including the tempo of asset purchases at ¥80 trillion every year…
Gold ascends moderately in Asia
On Friday, gold gained moderately in Asia, with market sentiment subdued following the Fed rate lift as well as wavering fortunes for the greenback with traders focused on whether the Trump Administration is capable of getting back on track with its tax…
GBP/USD moves down on UK data
On Thursday, the British pound decreased versus the greenback, suppressed by the publication of dismal British retail sales data…
In May British retail sales tumble
In May, British retail sales dropped more than expected as official data demonstrated on Thursday…
China is cautious on rates this time notwithstanding Fed lift
On Thursday, China's major financial institution left interest rates for open market operations intact, shrugging off an overnight soar in the Fed’s key policy rate…
Oil is narrowly mixed in Asia
On Thursday, oil was narrowly mixed in Asia, with market participants observing a steady drumbeat of bearish supply news overwhelming statements from OPEC as well as allies led by Russia that output drops through March of 2018 are actually working their…
Gold goes down in Asia after Fed lift
On Thursday, gold dived in Asia as a widely expected interest rate lift by the Fed provided room for caution, though the major American currency failed to respond steeply providing room for support…
Greenback nurses losses on weak US data
On Thursday, the evergreen buck nursed losses, following dismal American inflation data, which left traders wondering if the US major bank would be able to follow up its latest rate lift with another later in 2017…
Aussie tacks on after unexpected leap in May jobs
On Thursday, the Australian dollar leapt in Asia after a shocking bounce in May jobs and after the Fed disclosed its forecasts for rates as well as trimming its balance sheet…
British earnings tumble after inflation at the fastest pace since 2014
After inflation British employees’ earnings dropped at the fastest pace since 2014 for the three months to April, thus underscoring the ascending Brexit squeeze facing numerous households, as official data disclosed on Wednesday…
