Hong Kong and Japanese shares upward thrust above 1% after Wall Street rally on COVID-19 new variant optimism
Hong Kong and Japanese shares upward thrust above 1% after Wall Street rally on COVID-19 new variant optimism Stocks in the Asia Pacific region rebounded on Tuesday and recovered from Monday’s losses as Wall Street raised optimism that the risks of Omicron options may not be as severe as they feared. Shares in Hong Kong’s […]
AUD / USD defends 0.7000, prepares for RBA omissions, PBOC RRR falls in stronger yields
AUD / USD defends 0.7000, prepares for RBA omissions, PBOC RRR falls in stronger yields The AUD / USD rose slightly to 0.701015 during the Asian session on Monday, licking the wounds after the sharp daily decline since early May. Optimistic views on the Australian economy, expectations for a rate cut by the People’s Bank […]
Saudi oil prices surged by more than $1 a barrel
Saudi oil prices surged by more than $1 a barrel Oil raised more than $1 a barrel on Monday as key exporter Saudi Arabia raised the price of crude it sells to Asia and the US and indirect talks to resume a nuclear deal with Iran appeared to have stalled. 4,444 February Brent futures were […]
NZD/USD stays directed towards 0.6710 supports after softer China data, US NFP eyed
NZD/USD stays directed towards 0.6710 supports after softer China data, US NFP eyed NZD/USD remained bearish near the intraday low of 0.6786 since the Chinese Caixin PMI released early on Friday. At the same time, the kiwi pair reflects disappointing market sentiment and also responds to soft data ahead of key data on US non-farm […]
Global stocks falter as Didi delisting raises concerns of China in US
Global stocks falter as Didi delisting raises concerns of China in US Stocks tumbled on Friday after Chinese giant Didi announced that it would be delisting in New York, sparking new concerns about tensions and tech regulations in China, while Omicron oil prices fell for the sixth straight week and fears of a rate hike […]
USD/JPY pair may return to 113.00 amid falling yields
USD/JPY pair may return to 113.00 amid falling yields USD/JPY rebounded to 113.00 during its first open in Tokyo on Thursday, struggling to defend its first of a three-day advance. The yen appears to be receiving signals from the dollar’s rebound and a surge in global market volatility reflecting recent moves. But the Fed’s next […]
Post-sell stock futures rally triggered by Omicron for the first time in the US
Post-sell stock futures rally triggered by Omicron for the first time in the US U.S. stock index futures moved slightly higher in trading Wednesday night after the CDC confirmed the first known case of an Omicron variant in the United States, lowering the stock price. 4,444 contracts, which are tied with the Dow Jones Industrial […]
USD/JPY is recovering from a nearly two-month low and is climbing above the 113.00s mid-point
USD/JPY is recovering from a nearly two-month low and is climbing above the 113.00s mid-point USD/JPY maintained its footing in pre-European trading and last traded near its daily high at 113.60. After overnight volatile price movements, the USD/JPY pair gained some positive dynamics on Wednesday and found support from several factors. Global risk sentiment has […]
Haven currency falls on omicron concerns
Haven currency falls on omicron concerns As Asian traders eased concerns about the Omicron variant, risky currencies against the dollar on Wednesday rebounded from recent lows, and safe havens like the yen fell against the dollar. The Chinese yuan, an indicator of turbulent daily resilience, reached a six-month high of $ 6.3596 in the afterglow […]
Options market USD/CAD turns most bearish in last two weeks & expecting volatility in future
Options market USD/CAD turns most bearish in last two weeks & expecting volatility in future WTI crude fell to $70.40 in an early two-day rally on Tuesday. While the 2-day symmetrical triangle limits Black Gold’s recent move, adding 50 HMA to the RSI’s decline and the upper barrier is encouraging for sellers. However, a clear […]
Former US Treasury Secretary – Tariff cuts from the US and China will lower US inflation
Former US Treasury Secretary – Tariff cuts from the US and China will lower US inflation Former Treasury Secretary Jacob Liu told reputed news firm on Tuesday that lifting tariffs on goods during the worst trade war would help reduce US inflation. However, he now tells that “there is no political space for him.” “I […]
How to use a Demo Account
How to Use a Demo Account Every Forex company will give both a live and a demo account. The live account is the original account in which traders will deposit money, trade, and earn profits. A demo account is a kind of explanation of the company’s platform, services, and overall environment which enables traders to […]
GBP/USD remains weak below 1.3350 amid omicron concerns and Brexit concerns
GBP/USD remains weak below 1.3350 amid omicron concerns and Brexit concerns GBP/USD is trading moderately below 1.3350, consolidating from its 11-month low of 1.3278, with risk sentiment improving slightly. Despite the risk reset, the risk remains downward biased against the majors as they continue to face the latest Omicron covid and ongoing Brexit issues. Risk […]
Retail sales in Japan rose 0.9% in three months in October
Retail sales in Japan rose 0.9% in three months in October Japan’s October retail sales were lower than expected but increased for the first time in three months, and underlying private consumption trends indicate pressures on a fragile economic recovery continue despite easing restrictions on COVID-19. Key Points: October retail sales increased 0.9% y/y against […]
How to Choose the Right Forex Broker
How to Choose the Right Forex Broker If you are a new trader about to start trading Forex then you are having the most confusing time of the process, trying to find the right broker. Worry no more, this article has some important tips which will make the process much easier for you. To start […]
GBP/JPY: Brexit, full-fledged bear dominating below 153.00 on COVID-19 chatter
GBP/JPY: Brexit, full-fledged bear dominating below 153.00 on COVID-19 chatter GBP/JPY licks the cut at the 152.70 area after hitting a week-long high before hitting a two-week low of 152.47 ahead of the London opening on Friday. The Cross saw a double attack as it served food to bears amid fears of coronavirus and Brexit-related […]
Nikkei 225 dip 3% & Asia-Pacific markets slip down on rising fear of new COVID-19 strains
Nikkei 225 dip 3% & Asia-Pacific markets slip down on rising fear of new COVID-19 strains GBP/JPY licks the cut at the 152.70 area after hitting a week-long high before hitting a two-week low of 152.47 ahead of the London opening on Friday. The Cross saw a double attack as it served food to bears […]
Global Market Asian tech stocks rises with dollar gain
Global Market Asian tech stocks rise with dollar gain Asian tech stocks moved higher on Thursday, following US stocks. Although the larger gains were limited by the strength of the US dollar, as investors gambled on a faster rate hike in the US than other major economies. European stocks were expected to rise in early […]