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 Slips, Yields Fall, Stocks Pare Losses, Brighter…
Summary: A more conciliatory President Trump towards China in their ongoing trade negotiations brightened a darkening outlook. After accusing China of backtracking on previous commitments of their trade agreement, Trump said he would speak soon…
Dollar Plummets Against Yen, Trump Threatens New China…
Summary: In early Sydney, risk-off hit markets after US President Trump via a tweet on Twitter said the US is set to lift tariffs on Chinese imports from 10% to 25%. The US leader also…
New scandal hits Cryptos, BTC Down to 5,171
Asian stocks finished mixed for one more day closing the first negative week for the month, on worries that China has put any further stimulus on hold as the economy shows signs of recovery and…
Asian Stocks Mixed, Oil Consolidates at Five Month…
Asian stocks finished mixed close to seven-month highs as reports favored the US-China trade deal, and PM Theresa May said she would seek another Brexit extension, voicing her opposition to a no-deal Brexit and called…
Risk-On Extends, Aussie, Euro Rebound on Upbeat Data
Summary: The Aussie outperformed, gaining 0.8% to 0.7115 (0.7069), lifted by an upbeat trade surplus while the market’s risk-on stance extended. Optimism that the US and China can forge a trade agreement soon buoyed stocks…
Sterling Slides as PM May Loses Yet Again,…
Summary: Sterling slipped anew as British PM May failed for the third time to get her Brexit deal through lawmakers. Although the magnitude of the loss was less than the previous two votes, fears that…
Dollar Lifts as US Bond Yields Rebound, Rival…
Summary: A rebound in US bond yields, and a fall in those of its Rivals, lifted the Dollar higher. Benchmark 10-year US treasury yields rebounded to 2.39% from 2.37%. Rival bond rates fell. Germany’s ten-year…
Dollar-Yen Plummets, Bond Yields Sink as Recession Risk…
Summary: The Dollar plummeted against the Yen but rallied versus the Euro following another round of disappointing economic data from the Eurozone. USD/JPY finished down 0.85% at 109.95, near two-month lows. The Euro slumped to…