0.0 00 Asian stock markets were treading water as investors were watching Party Congress for any signs on future monetary or fiscal policy direction in the world’s second-largest economy. The Japanese Nikkei 225 index rose 0.09 percent. The …
Read More »Oil Prices Rise as US Supply Tightens
0.0 00 Oil futures contract prices rose this morning. Traders reacted to a fall in US crude inventories and concerns that tensions in the Middle East could disrupt supplies, As of 1:30 am GMT, the global …
Read More »Gold Inches Higher from a 1 Week Low
0.0 00 Gold prices with futures contracts moved higher, this morning, from a one week low. The US dollar held steady, but investors are speculating that President Donald Trump might pick a monetary policy hawk to …
Read More »The Euro could Move Lower against the British Pound
0.0 00 Looking at the euro this morning, specifically against the British pound in the GBP/EUR Forex market, the euro has broken through a key support level that had been guiding the recent move higher from …
Read More »Kiwi Dollar Reacts to CPI Strength
0.0 00 The New Zealand or Kiwi dollar Forex market (NZD/USD) got a rapid and immediate boost this morning after the release of the country’s third quarter (Q3) consumer price index (CPI). The boost was short …
Read More »Australian Dollar Falls on RBA Minutes Release
0.0 00 The Australian dollar, especially the AUD/USD Forex market came under pressure this morning after the Reserve Bank of Australia (RBA) released their last monetary policy meeting minutes. That monetary policy meeting took place on …
Read More »Chinese Inflation Data Crosses the Wires
0.0 00 This morning, Chinese inflation data widely met expectations. The Australian dollar, and the benchmark AUD/USD, shrugged the report off. The official Chinese consumer price index (CPI) rose by 1.6 percent, annually, for the month …
Read More »The NASDAQ Hits a Record Close on Earnings Hopes
0.0 00 Wall Street moved higher to end last week touching record highs, like the NASDAQ Composite index. Investors are eying a strong corporate earnings season. The NASDAQ Composite, hit a record high as it rose …
Read More »US Crude Pushes Higher to end the Week
0.0 00 US WTI light and sweet crude oil contract pushed higher as the bulls came out. Seller lost some confidence below $50per barrel. There were also a handful of headlines driving crude higher, as well. …
Read More »Lackluster Chinese Trade Data does nothing to the Aussie
0.0 00 The Australian dollar was steady today, during Asian trade hours, despite the latest miss with Chinese trade data. All numbers are in Chinese yuan denomination (CNY). The Chinese September trade balance came in at …
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