09
May
Crude Oil Breaks the record reaching $71 for the first time since 2014 between OPEC meeting in Vienna held on 22 June 2018 looks positive for Crude buyers. The next resistance level 76 and 79. The Oil and Gas sector raises 1% overall.
16
Mar
Political uncertainties are mounting in Japan, where Prime Minister Shinzo Abe is under pressure for suspicions of a cover-up in a controversial land sale.
In the currency market, rising risk aversion pushed the dollar lower against the safe haven yen to 105.94 yen down 0.4 percent.
The euro was little changed at...
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12
Mar
Politics to centre stage yet again, this time in Japan. Weekend news that the finance ministry forged documents relating to a 2016 school land sale was confirmed in the Diet Monday,. The yen strengthened in the very, very early trade (NZ time), only to lose the gains into early Tokyo...
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07
Mar
European shares opened lower on Wednesday after the resignation of Donald Trumps economic adviser Gary Cohn, seen as a bulwark against protectionist forces within the U.S. government.
At 0857 GMT, the pan-European STOXX 600 (STOXX) index was down 0.4 percent while Wall Street futures were trading in negative territory.
Gary Cohns departure...
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27
Feb
The dollars index against a basket of six major currencies fell 0.1 percent to 89.728 (DXY). The greenback, however, is still 1.7 percent above a three-year trough near 88.25 set on Feb.
The focus this week is Powells first congressional testimony, at a time when investors are nervous over the pace...
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26
Feb
Japans Nikkei led with an increase of 1.3 percent, while Chinese blue chips added 0.7 percent.
Chinas ruling Communist Party on Sunday set the stage for President Xi Jinping to stay in office indefinitely, with a proposal to remove a constitutional clause limiting presidential service to just two terms in office.
Investors...
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22
Feb
The dollar inched up to a 10-day high on Thursday, after minutes from the U.S. Federal Reserves January meeting showed policymakers confident in rising inflation and the need for interest rates to keep increasing.
What was widely interpreted as a slightly more upbeat tone in the minutes of the Jan 30-31...
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20
Feb
Oil markets were split on Tuesday, with U.S. crude still carrying momentum from Fridays gains due to a holiday on Monday while international Brent prices eased.
U.S. West Texas Intermediate (WTI) crude futures were at $62.31 a barrel at 0740 GMT, up 63 cents, or 1 percent, from their last settlement.
A...
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19
Feb
The dollar enjoyed a small rebound on Monday as investors bought back the greenback following its plunge to three-year lows.
The U.S. currency has been hurt by a variety of factors this year, including concerns that Washington might pursue a weak dollar strategy and the perceived erosion of its yield advantage...
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12
Feb
Blockchain Reframes the Conversation
For those unfamiliar with blockchain, it acts as a decentralized ledger that records all data simultaneously across all nodes on the network. The easiest way to think about it is in the context of current data storage. A website is hosted on a centralized server or bank...
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