Oil prices rise on stronger economic outlook, U.S. stockpile draw

© Reuters. Views of Total Grandpuits oil refinery By Jessica Jaganathan SINGAPORE (Reuters) – Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world’s biggest fuel consumer, fell. But optimism about talks between the United […]

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Asia shares set to rise after S&P 500, Dow hit records on strong economic data

© Reuters. FILE PHOTO: A man walks past a stock quotation board at a brokerage in Tokyo By Chibuike Oguh (Reuters) – Asian equities are poised to rise on Tuesday after the and Dow indexes set records as a streak of strong U.S. economic data fueled optimism even as a smaller-than-expected climb in 10-year Treasury […]

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Dollar looks for next catalyst as economic data keep bulls in control

© Reuters. Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration By Stanley White TOKYO (Reuters) – The dollar was largely steady on Monday as investors soaked up last week’s strong U.S. employment report and looked ahead to data on the U.S. services sector for affirmation […]

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Economic calendar due from Asia today – Monday 05 April 2021

Good morning/afternoon/evening and welcome to Monday!  Its a market holiday in New Zealand and Australia today and across most of Europe and the UK  which will thin trading out. Hong Kong, Singapore, Japan and China are in. I’ll be popping in from time to time before back to normal on Tuesday. On the data calendar […]

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Economic calendar due from Asia today, Friday 2 April 2021, is nearly empty

Its a holiday across much of Asia, including for me! So, I won’t be around too much but will pop in from time to time. 2350 GMT will bring data from Japan, March monetary base. Via Investopedia: The monetary base is the total amount of a currency that is either in general circulation in the […]

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Dollar buoyant as economic outlook brightens, doubts surround euro

© Reuters. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo By Tom Wilson LONDON (Reuters) – The dollar held near its highest since November against most major currencies on Friday, buoyed by hopes over improving U.S. economic data and the availability of coronavirus vaccines, while the euro recovered from […]

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Asian equities poised to seesaw as U.S. economic news pushes indexes lower

By Katanga Johnson WASHINGTON (Reuters) – Asian markets will likely open mixed on Thursday after global equities dipped and U.S. investors considered which stock market sectors would most benefit from strengthening growth. Concerns about extended economic lockdowns in Europe and potential U.S. tax hikes also weighed on investor sentiment. “Rising interest rates, uncertainty of tax […]

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Slow Gulf economic recovery to have long-lasting impact on banks – S&P

© Reuters. FILE PHOTO: A man walks at the Dubai International Financial Centre in Dubai DUBAI (Reuters) – Economic recovery from the coronavirus crisis in the oil-rich Gulf region will be slow, weighing on the region’s banking sector, S&P Global (NYSE:) Ratings said. Gulf countries fell into a sharp recession last year as the COVID-19 […]

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Nominee for U.S. Treasury No. 2 to urge efforts to combat China’s ‘unfair economic practices’

© Reuters. FILE PHOTO: U.S. President-elect Joe Biden announces members of his economic policy team in Wilmington, Delaware By Andrea Shalal and David Lawder WASHINGTON (Reuters) – The U.S. Treasury should strategically use its tools to respond to authoritarian governments and fight unfair economic practices in China and elsewhere, Wally Adeyemo, nominated for the No. […]

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Yellen again speaks on the importance of addressing Covid, global economic recovery

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 […]

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