Taiwan's central bank left its key interest rate unchanged as expected and lifted its growth outlook for this year citing strong exports of goods following the easing of the coronavirus containment measures by trading partners.
Policymakers decided to hold the benchmark rate at a record low 1.125
Dollar trades generally soft in Asian session but losses are so far limited. The greenback is actually still staying above last week’s low against all but Yen and Kiwi. Major focus will turn to FOMC today and traders could finally commit to a direction, after getting Fed’s new economic projections.
Market Review - 12/08/2020 23:49GMT
Dollar falls as stimulus talks reach an impasse The greenback erased intra-day gains made in Asia and began its intra-day descent in European morning and ended Wednesday lower against majority of its peers, except for the safe-haven Japanese yen due to standst
CME Group’s preliminary figures for Crude Oil futures markets noted traders increased their open interest positions by around 30.3K contracts on Tuesday, reaching the largest single-day build since July 14. In the same line, volume went up for the second session in a row, now by more than 259K contr
Analysts at Goldman Sachs have raised their 12-month price target for gold to $2,300 per ounce from the previous forecast of $2,000.
The yellow metal rose to a fresh record high of $1,981 per ounce on Tuesday, having surpassed the previous lifetime high of $1,921 on Monday. At press time, gold is up
By the year 2021, cybercrime damage is projected to hit $6 trillion per year. The prediction by Cybersecurity Ventures sees the numbers double from $3 trillion in 2015.
So how are businesses and corporations alike supposed to protect themselves from falling victim to this costly a
AUD/USD seesaws between 0.7130 and 0.7156 after stepping back from fresh 15-month high of 0.7183.
The latest updates on US-China tussle challenge hopes of further stimulus, vaccine news.
Wall Street offered mild gains after a volatile session, Gold and US dollar stay on the previous path.
In a busy week of news, let’s take a look at the stories that dominated the forex, fintech and crypto spheres, in our best of the week segment.
PayPal Confirms Development of Crypto Capabilities
Gaining the most traction in this week’s news cycle was PayPal, confirming that it is working
Three associated forex investment firms and their principals are in hot water with the US derivatives regulator and stand accused of operating like a Ponzi scheme.
The Commodity Futures Trading Commission (CFTC) said John D. Black and his affiliated entities Financial Tree, Financial Sol
Asian shares register gains led by ASX 200 and Hang Seng.
Hopes of virus vaccine, recently upbeat global PMIs keep the traders hopeful.
Virus woes, US-China tussle mostly ignored ahead of the key US jobs report.
Asian equities take the bids ahead of the European session on Thursday. In doing so, th
The British pound is behaving like an emerging markets currency due to Brexit and liquidity conditions, Bank of America analysts claim.
In a note this week, Kamal Sharma and Myria Kyriacou, analysts at the bank, warned that the U.K.’s departure from the European Union would permanently change sentim
Weekly Chart: Bullish Candle. Daily Chart: Friday - closed with a bullish pin bar , with rejection of low price at key zone 174x Watch out: 1. There might be a retest around zone 1758-1764 2. Zone 1780 might act as a resistance Trade Idea: We are going to join the Bulls aro
The latest coronavirus statistics published by China’s National Health Commission (NHC) on Thursday, showed that the Mainland reported 28 new infections as of end-June 17 vs. 44 a day earlier.
"China reports 4 new imported coronavirus cases in Mainland as of end-June 17 vs. 11 a d