0.0 00 The Australian dollar rose this morning during Asian trade hours. The AUD/USD Forex market made smart gains after Australia released solid economic housing data. November’s housing approvals rose 11.7 percent for the month. Analysts …
Read More »Japanese Yen Gains as BOJ Reduces Bond Buys
0.0 00 This morning, the Japanese yen (USD/JPY) made broad gains after the Bank of Japan (BOJ) surprisingly cut its bond purchasing program, reducing the amount of Japanese Government Bonds (JGBs) it buys. The BOJ bought …
Read More »Asian Stocks Mixed Monday Morning
0.0 00 Asian stock market were mixed Monday morning after a strong closing for Wall Street on Friday. There is not a lot of economic news this morning out of the Asian and Pacific Rim and …
Read More »Crude Oil inches Higher on US Rig Count Data
0.0 00 Crude oil prices moved higher during Asian trade hours Monday morning. Economic data, out of the United States, showed that the number of drilling rigs declined slightly. Right now, oil prices are trading just …
Read More »Gold Stays Strong despite Strong US Rate Hike Bets
0.0 00 Gold futures held steady Monday morning during Asian trade hours. The bullion is trading just below a 3 ½ year high, which was hit last week. This comes even though the United States Federal …
Read More »Australian Dollar Weakens as Trade Balance goes Negative
0.0 00 The Australian dollar, after having a good day yesterday morning during the Asian trade hours, took a hit today as investors reacted to trade data released by The Down Under. The Australian dollar, particularly …
Read More »Rate Hike Hopes Boost the Dollar and Hurts Gold
0.0 00 Gold futures fell this morning as they extended losses from yesterday’s trading session. The bullion is falling from its better than 3 ½ month high thanks to a stronger U.S. dollar. Investors are thinking …
Read More »Asian Markets Rise as the Nikkei Jumps Higher
0.0 00 Asian markets were broadly higher Thursday morning. The gains follow a strong close on Wall Street. South Korean markets underperformed other markets this morning as the Kospi struggled thanks to auto firms, which fell …
Read More »Chinese Caixin PMI Supports the Australian Dollar
0.0 00 This morning, the Australian dollar made sudden gains against its major Forex trading partners, including the benchmark AUD/USD Forex market. This follows after losing ground earlier in day. What changed to support the Australian …
Read More »Asian Markets move higher Wednesday Morning
0.0 00 Asian equities moved higher this morning posting moderate gains as they tracked a good day on Wall Street. It should be noted, as well, that Asian investors are watching a weakening U.S. dollar. South …
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