0.0 00 This morning, the Australian dollar, including the benchmark AUD/USD, is in play and finding some support from both local and Chinese economic data. The Australian dollar got a small boost, and held onto gains, …
Read More »Chinese PMI Data Supports the Australian Dollar
0.0 00 This morning, the Chinese purchasing managers’ index (PMI) data was released. This gave the Australian dollar a bit of a boost, as the PMI was better than expected. The official Chinese purchasing managers’ index, …
Read More »Gold is Steady after North Korea tests another Missile
0.0 00 Gold future contracts were steady this morning during Asian trade hours. The markets were fairly muted as North Korea tested yet another ballistic missile. Another precious metal, palladium was trading close to a 17 …
Read More »The Kiwi Dollar Drifts Lower on RBNZ Testimony
0.0 00 The New Zealand or Kiwi dollar drifted lower this morning as Acting Governor of the Reserve Bank of New Zealand Grant Spencer gave testimony on the New Zealand housing market. The NZD/USD, which had …
Read More »Gold Remains near a 6 Week High
0.0 00 The yellow bullion, gold, stayed within distance of six week high hit during the last trade session. The metal has seen some support from a weaker U.S. dollar ahead of a Congressional hearing with …
Read More »Asian Stocks Mixed on Firmer US Dollar
0.0 00 Many of the Asian and Pacific Rim stock markets were a tad higher during a mixed trading session this morning. This follows a mixed and narrow close on Wall Street overnight. There is very …
Read More »Crude Oil falls from multi-Year Highs on OPEC Concerns
0.0 00 Crude oil prices fell from multi-year highs during the Asian trade hours this morning. There is renewed uncertainty regarding a possible extension of output cuts by OPEC and non-cartel members. There are also renewed …
Read More »Crude Oil Trades near 2 Year Highs
0.0 00 Crude prices, in the United States, are trading near two year highs, kicking off the week during Asian trade hours. This is on news of the closure of the Keystone pipeline. This is a …
Read More »Gold Steady as the Dollar Stays Near 2 Month Lows
0.0 00 The price of gold was steady during Asian trade hours. The U.S. dollar is still trading near its two month low which it hit during the previous session. Spot gold (XAU/USD), as of 1 …
Read More »Asia is Mixed as Chinese Markets try to Recover
0.0 00 Markets in Asia and the Pacific Rim were rather mixed this morning after a quiet lead in from North America. Wall Street was closed due to the Thanksgiving Day holiday and will open today …
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