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…
Dollar Stumbles, Gold Jumps to Nine Year Highs,…
Summary: The Dollar stumbled, hitting 2-week lows as Gold jumped to highs not seen since 2011 (USD 1,818.). The yellow metal continued its grind higher as interest rates remain low in the current monetary expansion.…
Asian Stocks Recover, Nikkei Down 3.3% Gold Retreat
Stocks in Asia were trying to stabilize after yesterday's sell-off. Nikkei 225 lost over 3.3% as it opened after the vacation yesterday. Coronavirus fear rattled markets yesterday amid a rising number in confirmed cases in…
Gold At Seven-Year Highs, Stocks Retreat
Asian stocks finished lower as coronavirus fears resurfaced after South Korea report 52 new cases. Gold at seven-year highs as signs that the coronavirus outbreak might be under control in China and liquidity injections from…
AUDUSD Slumps to 11-Years Low, Gold At Seven-Years…
AUDUSD slumps and asian indices finished mixed today as the PBOC announced more measures in an attempt to offset the coronavirus negative impact on the economy. People's Bank of China (PBOC) cut the one-year loan…
Risk-On Mode In Asia, Gold Breaks Above 1600
Asian indices recovered some of yesterday's losses as stock markets return in risk-on mode after Wall Street indices pared losses to Apple's warning and weak earnings report from Walmart. Investors bet on more stimulus from…
Relief Rally Continues, Crude Oil Rebounds, Cryptocurrencies Rally
Asian and Chinese indices continue the rebound on hopes of additional stimulus form PBOC amid the coronavirus outbreak. In a positive move, China announced it would halve tariffs on $75 billion of imports from the…
Asian Stocks Lower, Gold Retreats
Chinese stock indices tumbled in the opening as traders returned to their desk after markets reopened after the holiday of the Lunar New Year. The sharp drop came despite PBOC announcing measures to ease the…
Gold at Seven-Week Highs, Asian Indices Mixed in…
Asian indices ended mixed in a quiet session after the Wall Street indices posted fresh all-time highs after President Trump said that phase one of the trade deal would be signed shortly. The Nikkei 225…