Capital market trends shift rapidly. As part of your daily fundamental and technical analysis, you need to stay on top of global market news.
Day traders should especially pay attention to the major updates in economics.
Here are the top news of the day that caught our attention.
Asia FX gains some ground as dollar inches lower ahead of CPI data
Most Asian currencies rose slightly on Wednesday, retaking some ground against a weaker dollar as markets awaited more cues on interest rates from key U.S. inflation data due later in the day.
Gold prices edge higher with US inflation data on tap
Gold prices rose slightly in Asian trade on Tuesday, recovering marginally from steep losses in the prior session as focus remained squarely on upcoming U.S. inflation data for more cues on interest rates.
Asia stocks touch 15-month top, wary of US inflation
Asian shares eked out a 15-month high on Monday in a week where inflation figures could make or break hopes for earlier U.S. rate cuts, while Chinese activity data will test optimism about a sustained recovery in the world’s No. 2 economy.
China outperforms Asian shares on solid trade data, BOE in focus
Asian shares were mixed on Thursday but solid Chinese trade data helped China stocks outperform, while the yen stabilised after three days of decline as Japanese authorities hinted at the potential for currency intervention.
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