German bunds gain following Israel’s airstrike on Syria-based Iranian military

Jan 10, 2020 10:27 am UTC| Commentary Economy

The German bunds gained during European trading session Friday as investors shifted base to safe-haven assets following Israels airstrike on Syria-based Iranian military near the Iraqi border, according to news released by...

Australia’s retail sales spike in November after eight consecutive months of weak growth

Jan 10, 2020 08:24 am UTC| Commentary Economy

Australias annual growth in retail sales lifted to 3.2 percent y/y in November. This is the strongest y/y result by month since March, and is above the average yearly growth result for the last three years. However,...

Renminbi Series

Chinese yuan rises gradually against U.S. dollar, stay short

Jan 10, 2020 05:56 am UTC| Technicals Commentary

USD/CNY is currently trading around 6.9286 marks. It made intraday high at 6.9492 and low at 6.9274 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.9540 mark. A...

FxWirePro: Asian markets in green, gold slips below $1,550 mark

Jan 10, 2020 04:39 am UTC| Commentary

All the major Asian indices were trading on a higher note on Friday. Gold was trading around $1,545 mark while silver was trading around $17.84 mark. Japans Nikkei was trading 0.30 pct higher at 23,810.50...

Chinese yuan likely to advance further in the coming week, says Scotiabank

Jan 10, 2020 04:35 am UTC| Commentary Economy

The Chinese yuan is expected to advance further in the coming weeks, by considering 1) the Feds dovish stance and Chinas future stimulus measures; 2) the phase-one trade deal due to be signed on January 15 and; 3) a...

Australian bonds narrowly mixed after November retail sales cheer investors amid silent session

Jan 10, 2020 02:34 am UTC| Commentary Economy

The Australian bonds slumped during Asian session of the last trading day of the week Friday after the countrys retail sales for the month of November topped market expectations, rising from the prior reading in October as...

German foreign trade surplus narrows in November

Jan 09, 2020 12:27 pm UTC| Commentary

German foreign trade balance came in at a surplus of EUR 18.3 billion in November, narrowing from the surplus of EUR 20.2 billion seen in November 2018. On a seasonally adjusted basis, the surplus came in at EUR 18.3...