Posted by editor on March 20, 2017

The dollar fell to fresh five-week lows against a basket of the other major currencies on Monday as expectations of a slower pace of U.S. interest rates hikes than some investors had anticipated continued to weigh.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.2% at 99.94, the lowest level since February 6.

Posted by editor on March 17, 2017

The dollar was little changed at five-week lows against other major currencies on Friday, as the tone of the Federal Reserve’s latest policy decision continued to dampen demand for the greenback.
EUR/USD edged up 0.11% to a five-week high of 1.0778.
The greenback weakened broadly as the Fed’s policy statement was seen as less hawkish than expected by sticking to projections of three total rate hikes in 2017 and not four as some traders had hoped for.
As expected, the Fed increased interest rates by 25 basis points to 1.00% from 0.75%.

Posted by editor on March 16, 2017

The first paragraph of the FOMC statement tweaked the assessment of business fixed investment, saying that it appears to have "firmed somewhat," while in February it was characterized as having "remained soft." The statement also recognized that inflation is moving closer to the Fed's target. In the second paragraph, the Fed retained its risk assessment, which is roughly balanced.

Posted by editor on March 15, 2017

The dollar wobbled in a narrow range in Asian trading on Wednesday, as investors waited anxiously to see what clues the U.S. Federal Reserve would soon reveal on its monetary policy outlook.
With the futures market pricing in more than a 90 percent chance that it would raise interest rates, investors' main focus turned to what the Fed's statement on Wednesday will say about the pace of hikes this year.

Posted by editor on March 15, 2017

The dollar wobbled in a narrow range in Asian trading on Wednesday, as investors waited anxiously to see what clues the U.S. Federal Reserve would soon reveal on its monetary policy outlook.
With the futures market pricing in more than a 90 percent chance that it would raise interest rates, investors' main focus turned to what the Fed's statement on Wednesday will say about the pace of hikes this year.

Posted by editor on March 13, 2017

The question on the lips of everyone who plans to exchange his metal for dollars—widely thought to be money—is why did silvergo down?

Posted by editor on March 10, 2017

Five Hong Kong Uber drivers were found guilty of illegally using their vehicles for commercial purposes by a local court on Friday, dealing a potential blow to Uber Technologies Inc's operations in the Asian financial hub.

The verdict comes less than a month after the multi-billion dollar ride-hailing service pulled out of Taiwan.

Uber, headquartered in San Francisco, has been facing similar legal scrutiny in markets across Asia.

Posted by editor on March 10, 2017

TOKYO (Reuters) - Asian stocks edged up and the dollar rose to 1-1/2-month highs versus the yen on Friday, ahead of the closely-watched U.S. non-farm payrolls report due later in the day.
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2 percent, taking cues from a modest bounce in Wall Street overnight.
Japan's Nikkei climbed 1.5 percent on the back of a weaker yen.

Posted by editor on March 08, 2017

By Chaim Siegel of Elazar Advisors, LLC

Summary

After going nowhere for 10 years, Advanced Micro Devices is about to break out to the upside of its decade long base. We believe this will be driven by the company's new CEO and her focus on the higher-end of the chip market.

AMD had been playing at the lower end and losing share to Intel Corporation  in what is already a crowded space. AMD's new “higher end” products have a huge launch schedule this year that can be a catalyst for the stock to continue to move up.

Posted by editor on March 07, 2017

The Aussie held gains in Asia Tuesday as the Reserve Bank of Australia's latest interest rate decision held steady as expected.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies,eased 0.06% to 101.61. AUD/USD rose 0.34% to 0.7606 while USD/JPY changed hands at 113.93, up 0.04%.
The RBA interest rate decision held at a record low 1.50%, with the market also focused on FX reserves from China, tentatively scheduled for later in the day.

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