0.0 00 Asian markets were mostly higher by Thursday afternoon. Asian traders were digesting the Federal Open Market (FOMC) rate decision and commentary. However, FOMC policy makers are divided over what to do next as economic …
Read More »Gold Trades around $1500 after the FOMC Cuts Rates
0.0 00 Gold futures traded steady overnight and into the Asian trade session as the spot futures contract oscillated around the key technical level of $1,500 per ounce. Traders are examining the as expected rate cut …
Read More »Dollar Rallies as FOMC Commentary Confuses Traders
0.0 00 The almighty U.S. dollar remained firmed against most of its main Forex trade partners during the Asian trade session in Thursday. Traders are digesting yesterday’s, as expected, rate cut of 25 basis points from …
Read More »Asian Traders Show Caution ahead of the FOMC Decision
0.0 00 Asian traders were cautious during the Asian trade session on Wednesday. Traders are waiting on the Federal Open Market Committee (FOMC) to announce their monetary policy and rate decision. The FOMC will announce during …
Read More »Gold Traders are Cautious ahead of the FOMC Decision
0.0 00 Gold prices were steady and little changed during the Asian trade session on Wednesday. Traders are waiting on the Federal Open Market Committee (FOMC) to announce their monetary policy and rate decision at 7 …
Read More »Dollar Traders Focus on Today’s FOMC Decision
0.0 00 The U.S. dollar was trading near a seven week high against the yen during the Asian trade session. Forex traders are now shifting their focus to today’s Federal Open Market Committee (FOMC) monetary policy …
Read More »Asian Markets Edge Lower thanks to Middle East Tensions
0.0 00 During the Asian trade session, on Tuesday, the Asian and Pacific Rim markets were mostly in the red. Regional traders are cautious after a series of attack against Saudi Arabian energy infrastructure disrupted the …
Read More »Gold and Silver Prices Rise on Geopolitical Turmoil
0.0 00 Over the weekend, Iranian backed Houthi rebels in Yemen attacked Saudi Arabian energy infrastructure. This attack sparked concerns over the supply of oil, worldwide, and increased tensions in the Middle East. This sent the …
Read More »Crude Oil Gaps Higher after Middle East Attacks
0.0 00 Crude oil futures contracts gapped higher as traders returned from the weekend during the Asian trade session. The benchmark oil contracts were up over ten percent after drone attacks at the very heart of …
Read More »Dollar Weakens as Traders Look for Safe Havens
0.0 00 The U.S. dollar was on the defensive during the Asian trade session on Monday. Safe haven currencies were in demand as traders digested this weekend’s attack on Saudi Arabian energy infrastructure carried out by …
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