Subdued ahead of FOMC With the result of the FOMC meeting looming this evening, and a more positive outlook for the restoration of Saudi Arabia’s production facility, it was a relatively subdued Asian morning today. US indices were lower at the margin, with losses of between 0.09% and 0.13% while currencies oscillated in tight ranges.
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USD/PHP, USD/SGD, USD/MYR, USD/INR Talking Points US Dollar consolidating versus Philippine Peso and Indian Rupee Singapore Dollar may depreciate if USD/SGD rising support holds Did the Malaysian Ringgit experience a false breakout versus USD? Trade all the major global economic data live as it populates in the economic calendar and follow live coverage for key
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Messaging app LINE has officially launched a cryptocurrency exchange service to its 80 million users based in Japan, days after the platform received final regulatory approval. The Shinjuku-based messaging provider, which is 73.36-percent owned by South Korea’s Naver, said in a statement on Tuesday that the new exchange, dubbed Bitmax, is now live with trading of
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Reuters reports fresh comments from the National Development and Reform Commission (NDRC), China’s state planner, with the key headlines noted below. Faces certain pressure in stabilizing employment due to China-US trade frictions and increasing downward pressure on the economy. Approved 68.9 billion yuan ($9.72 billion) of fixed-asset investment projects in August.
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Both AUD and NZD have dribbled lower during the Asian morning.  Of course, both had decent overnight sessions, up in Europe and into US time. The fall we have had during Asia is approx. a 50% retrace.  Apart from what has been posted already there is no further news nor data to add. Lower as
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Daily Markets Broadcast 2019-09-18 Wall Street steady on Saudi optimism US indices recovered early losses to finish marginally higher yesterday. Saudi Arabia said it had recouped about 50% of lost production and expects to be back to pre-attack levels by the end of the month. That’s an earlier time-frame than many had feared. The Federal
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Nasdaq stocks lead the charge The major US indices are trading to new session highs with the Nasdaq leading the way. There is about 15 minutes left in trading. The snap shot is showin: S&P index +6.72 points or 0.22% at 3004.69 NASDAQ index up 27.7 points or 0.34% at 8181.13 Dow industrial average up
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NZD/USD stays in the positive territory, supported partly by upbeat GDT Price Index. Recovery in the market’s risk sentiment also favors commodity-linked currencies. NZ Current Account, trade/political headlines can offer intermediate direction ahead of the Fed’s decision. With the receding pessimism concerning Saudi Arabia’s oil production joining upbeat economic calendar and trade headlines, NZD/USD remains
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