Tech led global equities selloff is a major theme today, spreading from Asia to Europe to the US. In the background, there seems to be heightened concerns on inflation over surging commodity prices. European indexes are all in deep red while NASDAQ future is down another -1.6%. The reactions in the currency markets are mild […]
Euro Up on Strong Economic Sentiment, Global Stocks in Deep Red Read More »
While US stocks hit another record high overnight, the path reversed with the three major indexes closing lower, with particular heavy selling in NASDAQ. Bearish sentiment continues in Asia session today, with Nikkei and Hong Kong HSI in deep red. Reactions in currency markets are mild, however, with commodity currencies just in shallow retreat. Yen
Asian Stocks in Deep Selloff, But Yen and Dollar Remain Weak Read More »
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Malaysia to extend coronavirus restrictions across the entire country Read More »
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Moody’s on Australia – containment of pandemic paves the way for economic rebound Read More »
Gold prices were steady on Tuesday as a retreat in U.S. Treasury yields countered a slight rebound in the dollar, while investors awaited key data on inflation due later this week. FUNDAMENTALSSpot gold was steady at $1,836.26 per ounce by 0134 GMT, after hitting its highest since Feb. 11 at $1,842.91 on Friday. U.S. gold
Gold turns flat as US yields negate firmer dollar Read More »
LONDON: Hedge funds boosted their position in petroleum for the fourth week running, as bullishness about oil consumption and prices rebounded after the setback in March. Hedge funds and other money managers purchased the equivalent of 40 million barrels in the six most important petroleum futures and options contracts in the week to May 4.
Oil buying accelerates amid growing confidence in economic recovery Read More »