0.0 00 Gold futures contracts inched higher during the early Asian trade session on Monday. Traders remain concerned over the lasting economic impact with the fast spreading and deadly Wuhan strain of the coronavirus. These concerns …
Read More »Dollar Gains after GDP, Coronavirus Worries
0.0 00 The U.S dollar continued to inch higher against most of its key G-20 currency trade partners on Monday, during the Asian trade hours. Traders were digesting a fairly good non-farm payroll (NFP) report as …
Read More »Asian Sentiment Falls heading into the Weekend
0.0 00 Asian sentiment throughout the Asian and Pacific Rim remains weak as traders are waiting on China to release trade data for last month. At time of publication, this data had yet to be released. …
Read More »Crude Oil Climbs as Russia Backs Production Cuts
0.0 00 Crude oil prices gained ground during the Asian trade session on Friday. Oil traders are digesting comments from Russia’s Foreign Minister, Sergei Lavrov, who said that Russia supports a cut in production to prop …
Read More »Dollar finds Support from Solid PMI and ADP Data
0.0 00 The U.S. dollar was firmer against the Japanese yen as solid economic data out of the United States boosted the appeal of the greenback. Sentiment linked currencies, like the Australian dollar also gained ground. …
Read More »Gold Steady as Coronavirus Concerns Outweigh US Data
0.0 00 Gold futures contracts were trading steady during the Asian trade session on Thursday. Traders are still concerned about the rapidly spreading Wuhan strain of the deadly coronavirus. This offset rather upbeat economic data out …
Read More »Asian Markets Broadly Higher as China Leads
0.0 00 The Asian and Pacific Rim equity markets were broadly higher by Wednesday afternoon, Hong Kong time. The regional Asian financial markets, over the last few days, had been under pressure thanks to the coronavirus …
Read More »Dollar Holds Gains against the Yen
0.0 00 The U.S. dollar remained firm against the Japanese yen during the Asian trade session today. Forex traders are starting to unwind safe haven positions as China is responding to the coronavirus in a bid …
Read More »Asian Markets Higher as Chinese Markets Recover
0.0 00 Asian equity markets are recovering as Mainland stock markets in China are inching higher. However, Asian and Pacific Rim sentiment remains weak as traders are still digesting the ongoing economic impact of the coronavirus …
Read More »Gold Eases as the US Dollar Firms on ISM Data
0.0 00 Gold futures contracts eased lower during the Asian trade session as the dollar moved higher. Traders are digesting a better than expected manufacturing survey from the Institute for Supply Management (ISM) that showed that …
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