0.0 00 Gold futures contracts inched lower during the Asian trade session on Tuesday after the U.S. President announced possible stimulus measures are being planned to support the economy. The yellow metal, on Monday hit a …
Read More »Wall Street Tumbles over 2,000 Points
0.0 00 On Monday, the Dow Jones Industrial Average (DJIA) plummeted over two thousand (2,000) points. This was Wall Street’s worst day since the global financial crisis of 2008 when Lehman Brothers collapsed. Traders on Wall …
Read More »Crude Oil Prices Tumble 30%
0.0 00 Crude oil contracts opened for trade this week during the Asian trade session and they promptly shed thirty (30) percent. This comes after OPEC failed to reach a supply cut deal with non-member allies …
Read More »Yen Soars as Traders Look for Safety
0.0 00 The safe haven Japanese yen soared during the Asian trade session. U.S. Treasury yields fell and export and commodity linked currencies took a pounding. Forex traders became spooked as the number of COVID-19 cases …
Read More »Asian Markets Track Lower as the Nikkei Tumbles
0.0 00 The Asian financial and equity indices fell lower during the Friday trade session. Almost all of the regional equity indices were in the red by lunch time as shares in Japan fell over three …
Read More »Gold Set for a Stellar Week on COVID-19 Fears
0.0 00 Gold futures continue to inch higher during the Friday Asian trade session as the yellow metal is on track for its best performing week since October 2011. Traders are increasingly worried about the spread …
Read More »Asian Markets Gain on IMF Headlines
0.0 00 The regional Asian financial benchmarks were trading higher on Thursday. This follows the Dow Jones Industrial Average (DJIA) surging over a thousand points overnight. In Japan, the Asian benchmark, the Nikkei 225, tacked on …
Read More »Dollar Firms as the Shock from the Fed Wanes
0.0 00 The almighty U.S. dollar has regained some ground against key Forex trade partners as the shock from the surprise rate cut from the Federal Reserve Board is starting to wear off. The U.S. currency …
Read More »Asian Markets Gain as the Kospi Surges over 2%
0.0 00 Asian and Pacific Rim markets were broadly higher despite a dismal private Markit/Caixin services purchasing managers’ index (PMI) from China. The regional traders in the Asian area are digesting a shocking rate cut made …
Read More »Dollar Takes a beating after the Fed Cuts Rates
0.0 00 During the Asian trade session, the U.S. dollar fell to a five month low price against the Japanese yen after an emergency fifty (50) basis point rate cut by the U.S. Federal Reserve Board …
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