WEEKLY MARKET RECAP: June 26–June 30, 2023
Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines…
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Japan finance minister warns against excessive yen weakening
Japan will take appropriate steps should the yen weaken excessively, Finance Minister Shunichi Suzuki said on Friday after the currency plumbed seven-month lows against the dollar. Suzuki warned against investors…
MARKET UPDATE
Dollar set for strong quarterly gains The U.S. dollar stabilized in early European trade Friday, but is on course to record strong quarterly gains as traders anticipate the U.S. Federal…
MARKET UPDATE
Asia FX sinks, As the dollar strengthened Most Asian currencies retreated on Thursday, while the dollar strengthened as Federal Reserve Chair Jerome Powell flagged the potential for more interest rate…
MARKET UPDATE
Asian stocks rise on Wednesday following positive Australian data and strength on Wall Street Most Asian stocks rose on Wednesday following positive Australian data and strength on Wall Street, although…
MARKET UPDATE
Dollar holds firm ahead of U.S. durable goods, housing data The U.S. dollar held its ground against major currencies on Tuesday as tension in Russia simmered and traders looked ahead…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between June 26th, 2023, and June 30rd 2023, where we take a look at the economic data, market news…
MARKET UPDATE
Rouble opens at 15-month low vs dollar The Russian rouble opened at a near 15-month low against the dollar in early morning trade on Monday, responding for the first time…
WEEKLY MARKET RECAP: June 19–June 23, 2023
Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines…
MARKET UPDATE
Gold set for steep weekly losses Gold prices edged lower on Friday and were set for their worst week since January, while copper prices retreated as a bumper rate hike…
MARKET UPDATE
Asia FX moves little as markets weigh mixed Fed signals Most Asian currencies kept to a tight range on Thursday as investors digested mixed signals on U.S. monetary policy, while…
Gold reeling from four straight days of losses
Gold prices moved little on Thursday but were reeling from four straight days of losses as uncertainty over the Federal Reserve’s next interest rate decision kept traders wary of the…
MARKET UPDATE
Yuan slides after China cuts lending benchmarks The yuan slipped toward seven-month lows on Tuesday as China cut lending benchmarks, while the Australian dollar fell after latest central bank meeting…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between June 19th, 2023, and June 23rd, 2023, where we take a look at the economic data, market news…
MARKET UPDATE
Dollar drifts as traders weigh rate path The U.S. dollar was tentative on Monday as investors tried to assess the monetary policy path ahead after a raft of central bank…
WEEKLY MARKET RECAP: June 12–June 16, 2023
Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines…
MARKET UPDATE
Asia FX dips amid Fed uncertainty Most Asian currencies fell on Friday, relinquishing some gains from the prior session as uncertainty over the path of U.S. interest rates persisted, while…
Oil rebounds on strong China refinery data
Oil rebounded on Thursday after the previous day’s plunge, as data showed a jump in refinery runs at the world’s top crude importer China, though a weak economic backdrop capped…
MARKET UPDATE
Oil edges lower as markets weigh China rate cuts Oil prices fell slightly in Asian trade on Thursday as major importer China enacted more interest rate cuts amid worsening economic…
MARKET UPDATE
Oil steadies as market awaits US Federal Reserve Oil prices inched up slightly in Asian morning trade on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s June…