Forex News

Key information updates for profitable trading

Aussie and Kiwi drop vs. stronger US dollar
Aussie and Kiwi drop vs. stronger US dollar

On Thursday, the Australian and New Zealand dollars tumbled against their US rival, as the major American currency remained backed by the issue of positive American data earlier in the week…

China’s banks try to stay liquid
China’s banks try to stay liquid

As Chinese banks are set for a rigorous quarterly inspection of their books by the country’s major financial institution, the ructions in money markets as well as an explosion in inter-bank borrowing demonstrate how addicted they’re to risky methods of…

Sterling drops briefly in Asia
Sterling drops briefly in Asia

On Thursday, the British pound found itself in negative territory in Asia briefly, as traders noted Great Britain faces a hard road to keep business links in place in talks to abandon from the EU, which were formally initiated overnight…

Crude prices edge down in Asia after early profits
Crude prices edge down in Asia after early profits

On Thursday, crude reversed course and dipped in Asia, as market participants moved on from a lower than expected build in American crude stocks as well as a supply disruption in Libya and waited for the latest weekly rig count data from America for…

Greenback goes up in Asia
Greenback goes up in Asia

On Thursday, the evergreen buck gained some ground on the Japanese yen in Asia, as market talk grows that the BOJ has eyed recent strength as unwarranted while the British pound grew a bit as formal start of Brexit overnight hasn’t roiled the major…

Gold tumbles in Asia
Gold tumbles in Asia

On Thursday, gold grew with demand prospects in the world's leading, India and China, in focus with physical and exchange traded fund demand on expectations that tax reform by New Delhi could potentially cut the cost of bullion imports…

Solid growth is seen for Chinese manufacturers in March
Solid growth is seen for Chinese manufacturers in March

In March, activity in China's vast manufacturing sector surged for an eighth straight month, as a sudden rebound in the property market contributed to a construction boom, accelerating sales of building materials from cement to steel, as a Reuters…

Asia stocks grow with greenback
Asia stocks grow with greenback

On Wednesday, Asian stocks grew ahead, while the greenback along with commodities held revenues as market participants shook off disappointment about Donald Trump's failed healthcare bill and also focused on an improving outlook for global surge…

Greenback soars on Fed talk
Greenback soars on Fed talk

On Wednesday, the greenback drifted away from 4-1/2-month minimums against a currency basket after solid data backed hopes for more American interest rate lifts this year, while the British pound was knocked by the UK triggering its exit from the EU…

Crude ascends on Libyan supply disruptions
Crude ascends on Libyan supply disruptions

On Wednesday, crude prices extended their revenues from last session, driven by supply disruptions in Libya as well as expectations that an OPEC-led output reduction is going to be extended into the second half of 2017…

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