Forex News

Key information updates for profitable trading

Crude prices edge down in Asia after early profits
Crude prices edge down in Asia after early profits

On Thursday, crude reversed course and dipped in Asia, as market participants moved on from a lower than expected build in American crude stocks as well as a supply disruption in Libya and waited for the latest weekly rig count data from America for…

Greenback goes up in Asia
Greenback goes up in Asia

On Thursday, the evergreen buck gained some ground on the Japanese yen in Asia, as market talk grows that the BOJ has eyed recent strength as unwarranted while the British pound grew a bit as formal start of Brexit overnight hasn’t roiled the major…

Gold tumbles in Asia
Gold tumbles in Asia

On Thursday, gold grew with demand prospects in the world's leading, India and China, in focus with physical and exchange traded fund demand on expectations that tax reform by New Delhi could potentially cut the cost of bullion imports…

Solid growth is seen for Chinese manufacturers in March
Solid growth is seen for Chinese manufacturers in March

In March, activity in China's vast manufacturing sector surged for an eighth straight month, as a sudden rebound in the property market contributed to a construction boom, accelerating sales of building materials from cement to steel, as a Reuters…

Asia stocks grow with greenback
Asia stocks grow with greenback

On Wednesday, Asian stocks grew ahead, while the greenback along with commodities held revenues as market participants shook off disappointment about Donald Trump's failed healthcare bill and also focused on an improving outlook for global surge…

Greenback soars on Fed talk
Greenback soars on Fed talk

On Wednesday, the greenback drifted away from 4-1/2-month minimums against a currency basket after solid data backed hopes for more American interest rate lifts this year, while the British pound was knocked by the UK triggering its exit from the EU…

Crude ascends on Libyan supply disruptions
Crude ascends on Libyan supply disruptions

On Wednesday, crude prices extended their revenues from last session, driven by supply disruptions in Libya as well as expectations that an OPEC-led output reduction is going to be extended into the second half of 2017…

Gold goes down in Asia
Gold goes down in Asia

On Wednesday, gold sank in Asia, with markets waiting for Britain’s formal move to start a split from the European block later in the day…

British pound declines in Asia as markets wait for Brexit details
British pound declines in Asia as markets wait for Brexit details

On Wednesday, the British pound dropped in Asia, as markets looked ahead to Britain’s formal move to start a split from the EU later in the day, an historic moment, which will see British Prime Minister Theresa May outline the end game on areas from…

European shares bounce back
European shares bounce back

On Tuesday, European stocks stepped higher  because financial experts told that worries were abating over whether the Trump administration will be capable of pushing through pro-growth reforms in the world’s number one economy or not…

British shares revive slightly from dip
British shares revive slightly from dip

On Tuesday, British stocks soared, backed by American markets ending their session quite above their worst levels, although market participants appeared to stay away from big bets ahead of a major Brexit step…

China will punish companies for fake trade data
China will punish companies for fake trade data

China is on the verge of punishing companies if they are caught reporting fake trade data, as the customs administration informed on Tuesday, as it released details on enforcement of a credit system for foreign trade companies…

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