0.0 00 The Australian dollar slipped this morning against its major Forex trading partners. This comes after the official Gross Domestic Product figures for the third quarter came in below expectations. Looking at the economic growth …
Read More »Gold Slips as the Dollar Firms on Tax Reform
0.0 00 Gold prices inched lower this morning toward four week lows that were hit last week. The U.S. dollar firmed after the U.S. Senate approved a major tax overhaul. The financial markets are now looking …
Read More »Reserve Bank of Australia Keeps Rates at 1.5%
0.0 00 Breaking News: The Reserve Bank of Australia has just announced its final monetary policy decision for the year. The central bank said that it was keeping the benchmark official cash rate unchanged at 1.5 …
Read More »Chinese Caixin PM Firms the Australian Dollar
0.0 00 This morning, the Australian data and the benchmark AUD/USD Forex market, firmed thanks to news that Chinese Caixin private purchasing managers’ index (PMI) showed that the Chinese private sector performed well last month. The …
Read More »Asia Mixed after Dow Futures Surges 220 Points
0.0 00 Monday morning, Asian and Pacific Rim equity markets were mixed after U.S. futures rose. Investors are digesting news that the United States Senate narrowly passed its GOP led reform tax bill in the early …
Read More »Gold Steady after US Tax Reform Delayed
0.0 00 The price of gold has been pretty steady after another delay with U.S. tax reform. As was the dollar and U.S. equities. Still gold ended the week lower. As of 11 am EST, Friday, …
Read More »US WTI Crude Oil Surges over 1.7%
0.0 00 U.S. crude oil, as well as global crude prices, surged higher Friday. They approached their highest level since the summer of 2015. This is the day after OPEC and nine other major producers, including …
Read More »Oil Prices Steady after the Expected OPEC Extension
0.0 00 U.S. crude oil price was stead this morning after OPEC and other producers, including Russia, agreed to extend production limits for another year. This is a bid to rebalance the market and support price. …
Read More »Aussie Dollar Shrugs off Chinese Caixin PMI
0.0 00 The Australian or Aussie dollar was little phased this morning as weaker than expected Chinese Caixin purchasing managers’ index data crossed the wires. I came in at its slowest pace since July. The benchmark …
Read More »Gold Trades near a fresh Weekly Low
0.0 00 This morning, during Asian trading hours, gold was trading near a one week low hit overnight in the previous trading session. The U.S. dollar got some support by solid economic growth data out of …
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