OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Fed Cuts Rates 0.5%; Dollar Sinks, US 10-Year…
Summary: The US Federal Reserve cut interest rates by 0.5% to a target range for the Fed Funds rate of 1.00% to 1.25% (from 1.75%). The emergency move was designed to protect the world’s largest…
EURUSD Holds Above 1.09, Gold Rebounds
Nikkei 225 benchmark in Tokyo is trading 0.48% lower at 21,781 after the ISM factory index slipped to the lowest in ten years. The Hang Seng index is trading 0.11% lower 26,066. The ASX 200 in Australia…
EURUSD Slumps Below 1.10, Gold Higher
Asian indices finished lower today on renewed worries on US-China trade war, the oil price stabilizes after the drone attack in Saudi Arabia oil facilities which cut 5% of the world oil supply. The Hang…
AUDUSD Continues Higher, EURUSD Breaks Above 1.11
Asian indices finished higher today on signs of progress in US-China trade talks and a stimulus delivered from ECB helped eased global growth concerns. The Hang Seng trading 0.46 per cent higher at 27,221, the…
Asian Indices Higher, EURUSD Consolidates Above 1.10
Asian indices finished higher today after China and USA confirmed that they would restart the trade talks in October. Traders will closely watch the release of the ECB decision this Thursday. The Hang Seng trading…
Risk Return to Markets, EURUSD Breaks Above 1.10
Asian indices finished higher today after better data from China; the Caixin Services PMI rose from previous 51.6 to 52.1 in August. The Hang Seng ended 3.55 percent higher at 26,423 registering the largest daily…
Gold Retreats, EURUSD Below 1.10
Asian indices finished mixed today as trade tensions between the China and USA ease. The Hang Seng ended 0.38 percent lower at 25,626, Nikkei225 in Japan ended 0.41% lower at 20,620. The Shanghai Composite trading…
European Equities Positive on Upbeat Trade War Woes,…
Global equities trade mixed on conflicting signals from Sino-U.S. trade war related proceedings. US macro data in focus. Summary: Asian market saw key risk assets – equities and benchmark indices decline sharply as safe haven…