Exclusive-Saudi Arabia wants to see “verifiable deeds” from talks with Iran, says official

© Reuters. FILE PHOTO: The Iranian flag waves in front of the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria, March 1, 2021. REUTERS/Lisi Niesner/File Photo By Ghaida Ghantous DUBAI (Reuters) – A Saudi foreign ministry official said on Friday that talks between Saudi Arabia and Iran aim to reduce regional tensions, but added […]

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EUR/USD continues to face stiff resistance from the 200-day moving average

EUR/USD falls back towards the lows for the day at 1.1864 now Invest in yourself. See our forex education hub. The bounce at the start of the week continues to stall for EUR/USD as buyers are finding it tough to negotiate a breakthrough above the 200-day moving average (blue line). That level is seen @ […]

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Asia shares set for sluggish start after Wall Street retreats from record highs

© Reuters. FILE PHOTO: A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes in Shanghai By Chibuike Oguh (Reuters) – Asia equities are set for a sluggish open on Wednesday after Wall Street pulled back from record highs reached in previous sessions, as investors eye the upcoming earnings […]

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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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Wall Street Weekahead: High-flying market to take cues from infrastructure plans, upcoming earnings

© Reuters. A U.S. flag flies outside The Federal Reserve Bank of New York in New York By Lewis Krauskopf NEW YORK (Reuters) – U.S. President Joe Biden’s massive infrastructure proposal and the upcoming corporate earnings season could offer investors fresh insight on the sustainability of a rally that has taken stocks to all-time highs. […]

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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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Euro Retreats From Session Highs Against Dollar as France Widens Lockdown

© Reuters. By Yasin Ebrahim Investing.com – The euro cut its gains against the dollar Wednesday as investors fret over fresh lockdown measures in the economic bloc that will likely slow the recovery, but some experts see a reversal on the cards for the single currency. fell 0.18% to $ 1.1735, after hitting a high […]

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Dollar Eases From 4-Month Highs as Yield Spike Loses Steam

© Reuters. By Yasin Ebrahim Inveting.com – The U.S. dollar gave up some of its gains Tuesday following a rise to four-month highs on the back of falling U.S. bond yields – a move that analysts warn could continue.  The , which measures the greenback against a trade-weighted basket of six major currencies, rose by […]

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Thailand loses 1.45 million tourism jobs from pandemic: tourism group

2/2 © Reuters. FILE PHOTO: People enjoy Cha-am Beach in Phetchaburi province 2/2 BANGKOK (Reuters) – Thailand has lost about 1.45 million tourism jobs during the coronavirus pandemic, including 400,000 in the first quarter, a private tourism group said on Monday, as the country gets ready to reopen to visitors to try to rescue the […]

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How a Burmese immigrant profited by flipping cheap oil leases from Trump auctions

© Reuters. FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County By Nichola Groom (Reuters) – A Myanmar-born U.S. perfume entrepreneur became a curiosity last year when she became the nation’s top buyer of oil-and-gas leases at the Trump administration’s federal auctions, […]

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