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Euro extends rise after hawkish ECB minutes

Last week, the Euro rallied against its US counterpart, after the European Central Bank (ECB) hinted in the minutes of its December meeting that it could be gearing up to trim its massive monetary stimulus. ECB policymakers said that they could

Market unsettled by concerns over Chinese Bond buying

On Thursday, the US Dollar nursed its losses against the Yen having suffered its biggest one-day drop in eight months following a report that China, the biggest buyer of US sovereign Bonds, was ready to slow or halt its purchases of

Yen rises as BoJ lowers long dated JGB purchase

On Tuesday, the Japanese Yen jumped against its US counterpart after the Bank of Japan (BoJ) trimmed its buying of long-dated Japanese government Bonds in market operations, helping to stoke speculation about a future exit from its massive stimulus policy. The

Gold prices set for fourth week of gains

Last Friday, Gold prices remained on track for their fourth-straight weekly gain, with attention turning to US payroll data that was due later in the day. Spot Gold marked its highest since September 15 at $1,325.86 last Thursday on a weaker

Upbeat US data offsets start of the year weakness

On Thursday, the Dollar surged after construction spending rose to a record high in November 2017 amid broad gains in both private and public outlays. Given the bullish growth outlook, investors expect the Federal Reserve to raise interest rates in March

Britain interested in joining Trans-Pacific trade deal after Brexit

According to the Financial Times newspaper, Britain is interested in joining the Trans-Pacific Partnership (TPP) trade bloc after leaving the EU Union. Britain had started informal talks in a bid to boost post-Brexit exports. Although the United States pulled out of

European Shares drift into year-end

Nearing the year-end, European stocks have enjoyed a positive year, with the STOXX 600 up around 8% in 2017 as buoyant company earnings and a brighter economic backdrop have fueled the region’s Equities. Analysts also highlighted broader drivers of Equity markets

Suppliers drop on report of weak iPhone X demand

On Tuesday, Shares in Apple Inc. and several of its Asian suppliers fell after a report by Taiwan’s Economic Daily and comments from some analysts suggested that iPhone X demand could come in below expectations in the first quarter. Apple will

Yen at one-week low as Kuroda confirms stimulus policy

On Thursday, the US Dollar hit a one-week high of 113.63 against the Yen supported by a rise in US Bond Yields and showing limited reaction after the BoJ kept rates steady as expected. Governor Haruhiko Kuroda and his board members

Market steadies as investors focus on US tax bill

Early on Tuesday, Gold rallied and hit a two-week high of $1,264 an ounce with investors considering the potential impact of a sweeping tax legislation in the United States that Congress appeared all but certain to pass this week. Two Senate