Swiss Franc Trading A Tad Higher In The Asian Session
For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CHF and closed at 0.9988. In the Asian session, at GMT0300, the pair is trading at 0.9989, with the USD trading marginally higher against the CHF from...
Loonie Trading Slightly Higher In The Morning Session
For the 24 hours to 23:00 GMT, the USD declined 0.23% against the CAD and closed at 1.3169. In the Asian session, at GMT0300, the pair is trading at 1.3167, with the USD trading a tad lower against the CAD...
Upbeat Powell Sends Gold to 16-Month Low
Gold has steadied in the Wednesday session after posting sharp losses on Tuesday. In North American trade, the spot price for one ounce of gold is $1226.78, down 0.08% on the day. On the release front, U.S housing numbers were...
British Pound Slips to 10-Month Low as CPI Misses Mark
The British pound continues to lose ground and has dropped perilously close to the symbolic 1.30 line. In Wednesday’s North American session, the pair is trading at 1.3044, down 0.53% on the day. On the release front, British CPI remained...
Aussie Trading Higher In The Morning Session
For the 24 hours to 23:00 GMT, the AUD declined 0.50% against the USD and closed at 0.7381. LME Copper prices declined 0.02% or $1.5/MT to $6141.5/MT. Aluminium prices declined 0.94% or $20.0/MT to $2110.0/MT. In the Asian session, at...
Gold: Yellow Metal Trading Slightly Higher In The Asian Session
For the 24 hours to 23:00 GMT, Gold declined 1.04% against the USD and closed at USD1227.70 per ounce, as the US dollar strengthened, after Fed Chairman, Jerome Powell’s optimistic view on the US economy. In the Asian session, at...
UK Inflation & Retail Sales Next to Give Direction to the Pound
With the UK jobs report coming in line with forecasts, with the unemployment rate remaining at its lowest since the 1970s and average earnings inching down, the next challenge for sterling will come on Wednesday when the Office for National...
USD/JPY Probing Year-to-Date High after Powell Downplays Market Fears
With concerns about the nascent global trade war escalating and the Treasury yield curve inverting, Federal Reserve Governor Jerome Powell had a clear opportunity to tap the brakes on the central bank’s hawkish lean in today’s semi-annual testimony to the...
Monday Blues Or Dog Days Of Summer
Monday blues or Dog days of summer Whether a case of the Monday blues, the Dog Days of summer setting in or a combination of both, markets struggled for direction despite upbeat US economic data while quarterly earnings have failed...
China Mid-Year Economic Outlook
Executive Summary Real GDP growth in China slowed slightly in Q2-2018, but the slowdown was in line with expectations. Retail sales growth helped prop up economic growth, as industrial production and investment spending both continued to decelerate in the quarter....
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