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…
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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…
MARKET UPDATE
Asia FX firms ahead of Fed meeting Most Asian currencies rose slightly on Tuesday, tracking some weakness in the dollar amid uncertainty over upcoming U.S. inflation data and a Federal…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between June 12th, 2023, and June 16th 2023, where we take a look at the economic data, market news…
WEEKLY MARKET RECAP: June 05 –June 09, 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…
UBS agrees with Swiss Government on Credit Suisse loss guarantee
UBS has signed an agreement with the Swiss government to cover up to 9 billion Swiss francs ($10.00 billion) in losses from its emergency takeover of Credit Suisse, the country’s…
MARKET UPDATE
Dollar rebound from sharp losses The U.S. dollar edged higher in early European trade Friday, rebounding after the previous session’s sharp losses as traders sought out a safe haven after…
MARKET UPDATE
Asia FX weakens, yuan at 6-mth low as state banks cut rates Most Asian currencies inched lower on Thursday amid increased concerns over rising interest rates and slowing growth across…
MARKET UPDATE
Asia FX muted as Chinese economic data disappoints Most Asian currencies were muted on Wednesday as weaker-than-expected economic prints from China and Australia soured sentiment towards the region, while anticipation…
WEEKLY ECONOMIC CALENDAR AHEAD
WEEKLY ECONOMIC CALENDAR AHEAD Here is what you need to know about the important news between June 05st 2023 and June 09th 2023, where we take a look at the…
MARKET UPDATE
Oil edges lower as OPEC-driven rally fizzles out Oil prices crept lower in Asian trade on Tuesday as initial optimism over more supply cuts by Saudi Arabia and the OPEC…
MARKET UPDATE
Gold & copper see pullback as nonfarm payrolls data approaches Gold and copper prices edged lower in Asian trade on Friday as markets hunkered down ahead of key nonfarm payrolls…
Dollar stabilizes, progress of debt ceiling bill
The U.S. dollar stabilized in early European trading Thursday near a two-month high as traders digested progress in the U.S. debt ceiling bill, comments from a number of Fed speakers,…
MARKET UPDATE
Asia FX inches higher on bets of Fed pause Most Asian currencies advanced on Thursday, while the dollar inched lower tracking comments from Federal Reserve officials touting a potential pause…
MARKET UPDATE
Oil falls as weak China data offsets US debt ceiling progress Oil prices extended losses early on Wednesday as worries of slowing demand from top oil importer China after the…
MARKET UPDATE
Gold at over 2-mth low amid debt deal cheer Gold prices fell slightly on Tuesday, sticking to more than two-month lows amid optimism over a debt ceiling deal and as…