Yen sinks as investors chase better yields
The yen sagged on the euro, sterling and other crosses this week and headed for a fourth weekly drop against the dollar on Friday as investors chased better yields just…
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WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between February 19, 2024, and February 23, 2024, where we take a look at the economic data, market news…
WEEKLY MARKET RECAP: February 12 – February 16, 2024
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 prices retake $2,000. Gold prices moved little in Asian trade on Friday after retaking a key level as weak U.S. retail sales data spurred some doubts over when the…
MARKET UPDATE
Asia FX stems losses as dollar consolidates. Most Asian currencies moved little on Thursday as mild consolidation in the dollar offered some relief, while the Japanese yen firmed as expectations…
OPEC sticks to oil demand
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and raised its economic growth forecasts for both years saying there…
MARKET UPDATE
Bitcoin hits $50k level. Bitcoin hit the $50,000 level for the first time in more than two years as the world’s largest cryptocurrency was buoyed by expectations of interest rate…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between February 12, 2024, and February 16, 2024, where we take a look at the economic data, market news…
MARKET UPDATE
Asia FX treads water, dollar edges lower. Most Asian currencies moved in a tight range on Monday as market holiday across most of the region kept trading volumes limited, while…
WEEKLY MARKET RECAP: February 05 – February 09, 2024
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…
New highs for Nikkei
Japanese shares hit 34-year highs on Friday as world stocks eyed a third week of gains, while adjustments to interest rate expectations sent the yen to a two-month low and…
MARKET UPDATE
Yen hits 10-week low. The yen slipped to a 10-week low on Friday, while the dollar ground towards a fourth weekly advance as traders dialled back bets on how quickly…
MARKET UPDATE
Asia FX gains some ground as dollar retreats. Most Asian currencies advanced slightly on Thursday as the dollar and Treasury yields pulled further away from recent peaks, although persistent signs…
MARKET UPDATE
Asia FX steadies as dollar dips from 3-mth high. Most Asian currencies kept to a tight range on Wednesday, steadying after recent losses as the dollar retreated from recent three-month…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between February 05, 2024, and February 09, 2024, where we take a look at the economic data, market news…
MARKET UPDATE
Asia FX weakens, dollar strong. Most Asian currencies weakened on Monday, while the dollar steadied at a near two-month high as strong labor market data and hawkish signals from the…
WEEKLY MARKET RECAP: January 29 – February 02, 2024
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 muted, dollar heads for a negative week ahead of nonfarm payrolls. Most Asian currencies kept to a tight range on Friday, while the dollar was headed for a…
MARKET UPDATE
Oil nudges higher. Oil prices edged up on Thursday, supported by signals from the U.S. Federal Reserve on a possible start to rate cuts and as China unveiled new support…
The dollar edged higher, heading for its biggest monthly gain before Fed rate announcement
The dollar edged higher on Wednesday, heading for its biggest monthly gain since September, while the yen faced its sharpest monthly drop in almost a year as traders awaited a…