Germany to add China’s yuan to currency reserves

Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalise the currency and helping send the unit to two year highs. The Bundesbank said its board had decided in July to invest in the renminbi, as it is also known, to take account of its… Please follow and like us:

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Loonie falls sharply on GDP miss; pound boosted on Barnier; Eurozone readings mixed

Loonie falls sharply The Canadian dollar lost ground versus its US counterpart as GDP figures unexpectedly reflected a contraction in the Canadian economy. Eurozone data on inflation, economic growth and unemployment out during today’s session gave a mixed picture. The pound moved higher after some comments by Michel Barnier, the EU’s chief Brexit negotiator, which suggested… Please follow and like us:

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Tokyo’s Nikkei stock index closes at 21-year high

Tokyo’s benchmark stock index closed at a more than two-decade high Wednesday, as the Japanese market rides a global equities rally with its US counterparts hitting fresh records. The Nikkei 225 rose 0.28 percent, or 57.76 points, to end at 20,881.27, its best finish since December 1996. The Japanese market closed at levels last seen the… Please follow and like us:

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Most Asia markets up, dollar holds gains despite N. Korea fears

Most Asian markets edged up Wednesday and the dollar held gains against its peers on expectations for further interest rate hikes while traders await the release of Donald Trump’s tax reform plan. Shares were in positive territory but US-North Korea tensions are still jangling nerves and keeping investors were from buying with any gusto in early… Please follow and like us:

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Yen under pressure because of risk-on; pound catches breath after major up move

Yen under pressure The yen remained under pressure during today’s trading as market participants were more optimistic on the global outlook. The pound retreated after climbing to its post-Brexit high versus the dollar due to some profit-taking. Yen under pressure because of risk-on; pound catches breath after major up move Safe haven plays such as the… Please follow and like us:

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Global stocks climb, S&P hits record as concerns ease over North Korea, Irma

Global stocks rallied Monday, with Wall Street finishing at a fresh record, on receding worries about North Korea and Hurricane Irma, which caused less damage to the US than feared. Bourses in Paris, Frankfurt, New York, Tokyo and Hong Kong all climbed one percent or more. The S&P 500 ended at a fresh record, bolstered by… Please follow and like us:

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Equities drop after N.Korea’s latest nuclear test

Stock markets in Asia and Europe slid Monday as investors sought safer bets after North Korea claimed to have tested a hydrogen bomb, one week after firing a ballistic missile over Japan. Pyongyang on Sunday conducted its sixth nuclear test — sparking further condemnation and a warning from US Defense Secretary Jim Mattis of a “massive… Please follow and like us:

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Asian markets, won sink after N.Korea’s latest nuclear test

Asian stocks tumbled with the South Korean won Monday while the safe haven yen rallied on news that North Korea had tested what it claimed was a miniaturised hydrogen bomb, ramping up tensions on the peninsula. Less than a week after it rattled global markets by firing a rocket over Japan, Pyongyang on Sunday conducted its… Please follow and like us:

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Dollar, most Asia markets rise as US data pip N. Korea concerns

The dollar extended gains and most Asian equities advanced Thursday as strong US growth and jobs data helped traders move past North Korea’s missile test but oil struggled as deadly storm Harvey batters the Gulf Coast. Markets across Asia rallied Wednesday after the previous day’s North Korea-fuelled losses as US President Donald Trump’s apparently measured response… Please follow and like us:

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Global stocks stumble on Spain attacks, White House turmoil

Global stock markets sank Friday as traders sought haven investments such as gold following a terror attack in Barcelona that sent airline share prices down. The deadly attack Thursday in the Spanish city compounded investors’ concerns over economic policy paralysis in Washington. “The recent shift towards haven markets continues,” said Joshua Mahony, market analyst at IG… Please follow and like us:

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Forex Investors Buzz Word Major Currency Pairs 8.1.17

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 8.31.17 CURRENCY TRADERS MAJOR CURRENCY PAIRS 8.1.17 This morning, the greenback is trading mixed against most of the major currencies, ahead of a series of economic releases in the US, consisting of the ISM manufacturing PMI, construction spending, personal income and spending data, all slated to release in a… Please follow and like us:

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Forex Investors Buzz Word Major Currency Pairs 7.24.17

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.24.17 A DAILY SOCIAL TRADING EVENT FOREX INVESTORS BUZZ MAJOR CURRENCY PAIRS 7.24.17 This morning, the greenback is trading lower against most of the major currencies, ahead of the US existing home sales, flash Markit manufacturing and services PMIs data, all slated to release in a few hours. Meanwhile,… Please follow and like us:

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Horseman Global: Short Retail REITs

Horseman Global, which was up until recently the world’s most bearish hedge fund, before it suddenly reversed course and capitulated on bearish bets earlier in January has made terrible start to 2017. The Horseman Global fund is down 7.7% year-to-date after losing 1.1% in March thanks to a poor performance from the bond book and long… Please follow and like us:

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TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 3.14.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 3.14.17 A DAILY SOCIAL TRADING EVENT Buz Investors MAJOR CURRENCY PAIR 3.14.17 This morning, the greenback is trading higher against most of the major currencies. Earlier in the session, data showed that the US NFIB small business optimism index unexpectedly declined in February. The EUR is trading lower against the… Please follow and like us:

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Toshiba chairman quits as firm posts $6.3bn loss

The chairman of Japanese electronics and nuclear giant Toshiba is stepping down after the firm said on Tuesday it would book an estimated 712.5bn yen ($6.3bn) loss in its US nuclear power business. Toshiba chairman Shigenori Shiga will step down to take responsibility for the losses in connection with its US nuclear business acquisition, while other… Please follow and like us:

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