0.0 00 The euro currency firmed during the overnight trade session into the Asian trade session today as traders were digesting news of a possible stimulus package proposed by Germany and France to support the European …
Read More »Dollar Struggles against Commodity Currencies
0.0 00 The U.S. dollar (USD) was pressured against commodity currencies after a surge in oil prices. The Norwegian krone as well as the Canadian dollar (NOK, CAD) both outperformed against the greenback as trader sentiment …
Read More »Asian Markets Quiet after Fed Commentary
0.0 00 The financial markets during the Asian trade hours, on Monday, were quiet during the early hours. Asian traders are digesting overnight commentary from U.S. Federal Reserve Chairman Jerome Powell. He said that a vaccine for …
Read More »Gold Futures hit their 2012 High Price Point
0.0 00 Gold futures contracts rose Monday during the early Asian trade session. The widely trade spot futures contract was trading near its highest price point since October 2012 as traders worry that the shaky trade …
Read More »Asian Sentiment Subdued despite Chinese Data
0.0 00 The Asian and Pacific Rim financial markets were trading quietly near their flat lines on Friday. This comes despite better than expected economic data out of China that showed industrial output, for April recovering. …
Read More »Gold inches Higher on US Stimulus Hopes
0.0 00 Gold futures contracts inched higher during the morning Asian trade session on Thursday. Traders were digesting overnight commentary by Federal Reserve Chair Jerome Powell who was downbeat with his economic assessment. Powell’s commentary about …
Read More »Asian Equity Markets Slip Lower on Labor Data
0.0 00 The Asian and Pacific Rim equity markets drifted lower Thursday morning as traders digested worse than expected Australian labor data. Asian traders were also digesting overnight remarks made by U.S. Federal Reserve Board Chair …
Read More »Dollar on Backfoot before Powell’s Commentary
0.0 00 The almighty U.S. dollar (USD) is on the defensive against most of its G-10 Forex trade partners during the Asian trade session on Wednesday. Traders are waiting on commentary from Federal Reserve Board (Fed) …
Read More »European Markets set for Lower Open
0.0 00 The European financial markets are getting to ring Tuesday in on a lower note. Traders in the European Union are monitoring a rise in Covid-19 cases in Asia as a possible second wave is …
Read More »Crude Gains after Saudi Arabia Cuts Production
0.0 00 Crude oil futures contracts have climbed higher during the Asian trade session on Tuesday. Sentiment and price action were supported after Saudi Arabia, the de-facto leader of the Organization for Petroleum Exporting Countries (OPEC) …
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