Forex News

Renewed Support Anticipated For Malaysia Shares

The Malaysia stock market has alternated between positive and negative finishes through the last six trading days since the end of the four-day losing streak in which it had fallen more than a dozen points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,435-point plateau although it's likely to rebound again on Thursday.
RTTNews | 570 days ago
South Korea Shares Tipped To Open In The Green

South Korea Shares Tipped To Open In The Green

The South Korea stock market bounced higher again on Wednesday, one day after halting the modest two-day winning streak in which it had risen almost a dozen points or 0.6 percent. The KOSPI now sits just above the 2,300-point plateau and it's expected to add to its winnings on Thursday.
RTTNews | 570 days ago
Australia Trade Data Due On Thursday

Australia Trade Data Due On Thursday

Australia will on Thursday release September figures for imports, exports and trade balance, highlighting a busy days for Asia-Pacific economic activity. In August, imports were down 0.4 percent on month and exports rose 4.0 percent for a trade surplus of A$9.640 billion.
RTTNews | 570 days ago
Dollar Fails To Hold Gains, Turns Mixed Against Major Counterparts

Dollar Fails To Hold Gains, Turns Mixed Against Major Counterparts

The U.S. dollar gained against its major counterparts on Wednesday after the Federal Reserve decided to keep interest rates unchanged, and the central bank's accompanying statement suggested additional rate hikes in an effort to return inflation to its 2% objective.
RTTNews | 570 days ago
Fed Leaves Interest Rates Unchanged For Third Time In Four Meetings

Fed Leaves Interest Rates Unchanged For Third Time In Four Meetings

For the third time in the past four meetings, the Federal Reserve on Wednesday decided to leave interest rates unchanged. The Fed said it decided to maintain the target range for the federal funds rate at 5.25 to 5.50 percent in an effort to support its dual goals of maximum employment and inflation at a rate of 2 percent over the longer run.
RTTNews | 570 days ago
Swiss Market Ends On Strong Note

Swiss Market Ends On Strong Note

The Switzerland stock market ended on a strong note on Wednesday, with investors indulging in sustained buying at several counters, reacting to quarterly earnings updates, and looking ahead to the Federal Reserve's monetary policy announcement.
RTTNews | 570 days ago
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Dollar Declines As Weak Data Reduces Rate Concerns

Dollar Declines As Weak Data Reduces Rate Concerns

The U.S. dollar was lower against its most major counterparts in the New York session on Wednesday, as weaker-than-expected ADP private payrolls data and ISM manufacturing PMI for October eased concerns about the outlook for interest rates.
RTTNews | 570 days ago
Canadian Market Gaining For Third Straight Day

Canadian Market Gaining For Third Straight Day

Canadian stocks are up firmly in positive territory Wednesday morning, ahead of the Federal Reserve's monetary policy announcement. Energy stocks are up on firm crude oil prices.
RTTNews | 570 days ago
U.S. Construction Spending Increases In Line With Estimates In September

U.S. Construction Spending Increases In Line With Estimates In September

The Commerce Department released a report on Wednesday showing construction spending in the U.S. increased in line with economist estimates in the month of September. The report said construction spending climbed by 0.4 percent to an annual rate of $1.997 trillion in September after jumping by 1.0 percent to a revised rate of $1.988 trillion in August.
RTTNews | 570 days ago
U.S. Manufacturing Index Unexpectedly Indicates Faster Contraction In October

U.S. Manufacturing Index Unexpectedly Indicates Faster Contraction In October

Manufacturing activity in the U.S. unexpectedly contracted at a faster rate in the month of October, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its manufacturing PMI fell to 46.7 in October from 49.0 in September, with a reading below 50 indicating a contraction.
RTTNews | 570 days ago
Treasury Reveals Plans To Gradually Increase Size Of Securities Auctions

Treasury Reveals Plans To Gradually Increase Size Of Securities Auctions

The Treasury Department on Wednesday announced plans to gradually increase the size of its securities auctions in order to meet intermediate to long-term borrowing needs. The Treasury said it plans to auction $112 billion worth of long-term securities next week, including $48 billion worth of three-year notes, $40 billion worth of ten-year notes and $24 billion worth of thirty-year bonds.
RTTNews | 570 days ago

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