We use cookies to enhance the functionality of our site and improve your browsing experience. By continuing to browse this site you are agreeing to our Cookie policy. ACCEPT

Forex Market News

Crude weaker in Asia after API estimates, official data awaited

Investing.com - Investing.com - Crude held weaker in Asia on Wednesday after industry estimates on U.S. crude inventories painted a mixed picture with a larger than expected draw in oil stocks, but gasoline supplies up again and official data was awaited. On the New York Mercantile Exchange crude futures for August delivery dipped 0.21% to $43.42 a barrel, while on London's Intercontinental Exchange, Brent eased 0.26% to $45.90 a barrel. Overnight, crude futures settled at a seven-month low on Tuesday, on concerns about an uptick in global production. Sentiment on oil remained negative for the second-consecutive session, as investors continued to doubt Opec ...

Read More

Gold gains in Asia on views for 3rd Fed hike this year

Investing.com - Investing.com - Gold rose in Asia on Wednesday with Fed views on rate hikes for the rest of the year in focus with some expectations that inflation is not strong enough for a third hike this year as forecast. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange rose 0.29% to $1,247.13 a troy ounce. Overnight, gold prices remained subdued on Tuesday, as the dollar continued to advance amid rising expectations that the Federal Reserve would hike interest rate by the year-end. Gold futures continued to trickle lower, as a growing number of market participants ...

Read More

Asian shares most weaker after MSCI include China, Shanghai gains

Investing.com - Investing.com - Shares in Asia traded mostly weaker on Wednesday after MSCI's decision to add mainland Chinese stocks to its emerging markets index gradually and as oil prices slipped around 2% overnight. Markets in greater China were mixed following MSCI's decision to include A-shares. The Hang Seng Index fell 0.93%, but mainland markets made modest gains with the Shanghai Composite up 0.18% and the Shenzhen Composite edged higher by 0.12%. Japan's The Nikkei 225 declined 0.26% and South Korea's Kospi fell 0.71%. Australia's benchmark S&P/ASX 200 index tumbled 1.33%, dragged lower by its energy and materials sub-indexes which were down 2.25% ...

Read More

PBOC sets yuan parity at 6.8193 vs dollar

Investing.com - Investing.com - The People's Bank of China set the yuan mid-point at 6.8193 against the dollar on Wednesday, compared to the previous close of 6.8295. The China Foreign Exchange Trade System sets the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation. The central bank allows the dollar/yuan rate to move no more than 2% above or below the central parity rate. Market watchers see a yuan level of 7 against the dollar, USD/CNY, as a key touchstone for sentiment in the near term.

Read More

Gold lower in early Asia as Fed views see more rate hikes this year

Investing.com - Investing.com - Gold was quoted lower in early Asia on Wednesday with Fed views on rate hikes for the rest of the year pointing to more, though the inflation outlook has not met expectations so far. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by 0.18% to $1,244.46 a troy ounce. Overnight, gold prices remained subdued on Tuesday, as the dollar continued to advance amid rising expectations that the Federal Reserve would hike interest rate by the year-end. Gold futures continued to trickle lower, as a growing number of market participants expect the ...

Read More

Open a Live Account
Losses can exceed deposits.
Spreadbetting, CFDs and FX are leverage products and carry a high degree of risk,losses can exceed your deposits.