Market News

Xtreamforex Asia FX news wrap: BTC gains gather pace, slowly Forex ranges were extremely restricted during the meeting here in Asia. It was a Japanese market occasion again today which undermined some liquidity and premium. The Tokyo Olympic Games opened. The information stream was light. Australia’s glimmer PMIs for July were distributed (Markit/IHS PMIs) showing

NZD a little lower, yen a touch higher Regional equities had another positive meeting today, China and Hong Kong rising after the lead of Wall Street on Wednesday. Japanese business sectors were shut for vacation and will be again tomorrow. US short-term value list prospects rose on Globex however have been sideways the recent hours.

AUD loses bids as news and data worsen AUD/USD exchanged down from highs around 0.7340 to move toward its short-term low around 0.7300 and keeping in mind that there are offers in front of the figure it has not bobbed (as I update). It looks revolting. NZD/USD is down a couple of focuses with AUD,

China holds 1 and 5-year rates steady for the 15th month in a row On the news front, it was a light day. In Australia, Covid lockdowns news sped up, the city of Melbourne (and state Victoria) lockdown was stretched out for an additional 7 days and the territory of South Australia will have a

Empire Fed hits record but risk trades slide The gold level at $1827 WTI raw petroleum down $1.53 to $71.60 US 10-year yields 6 bps to 1.295% S&P 500 down 14 focuses to 4347 JPY drives, AUD slacks The US dollar bid returned on Thursday with no genuine purpose. Early trading was stifled however as