Thin trading will be experienced today as people around the world are on their Christmas break. Many markets including Australia, United Kingdom and Canada will remain closed today. This comes after the markets in the United States saw major...
The Australian dollar remained close to yesterday’s highs after the RBA left interest rates unchanged for the 28th consecutive month. The bank said that the current expansionary policy was helping the country improve its economic situation stating how the...
JPY and CHF are the top G10 FX gainers today, up 0.12% and 0.03% vs the dollar while NOK and NZD are the top losers, down -0.3% and -0.28% vs the dollar. The EUR fell on fears over economic...
The AUD/USD pair was unchanged today after the Reserve Bank of Australia (RBA) released the minutes for the monetary policy meeting held this month. The minutes showed that officials remained optimistic about the country’s economy. This was boosted by...
NZD and JPY are the top G10 FX gainers today, up 0.16% and 0.11% vs the dollar while AUD and EUR are the top losers, down -0.38% and -0.2% vs the dollar. GBP is vulnerable to Brexit news and...
The Aussie gained after Australia released solid job numbers. In October, the country’s unemployment rate remained at 5.0%, which was better than the consensus estimate of 5.1%. The participation rate increased to 65.6% while the employment change increased by...
AUD and JPY are the top G10 FX gainers today, up 0.32% and 0.2% vs the dollar while GBP and SEK are the top losers, down -1.58% and -0.27% vs the dollar. In the Asian equities space, the Nikkei...
Sterling rose after the United Kingdom hammered a deal with the European Union on Brexit. Prime Minister Theresa May now faces a crunch cabinet meeting later today during which she’ll try to win her colleagues’ support for the Brexit...
US equities declined sharply yesterday, erasing gains made last week. This was attributed mostly to Apple, which declined by more than 5%. Investors were concerned that the company’s growth had peaked. There were also other worries about Goldman Sachs...
The price of crude oil jumped today after Saudi Arabia suggested reducing production. The Saudi oil minister said that the country will slash daily oil production by 500K barrels per day in December. The Kingdom made the decision with...
