Asian markets closed strongly up today by building up further gains on top of yesterday. Investors cheered the news when Federal Reserve chairman Ben Bernanke announced that the Central Bank is no rush in increasing the short term interest rates. He also added that the Central Bank is looking to support the monetary policy which will stimulate the growth in the US. In mainland China, the speculators also echoed similar idea that the People Bank of China may take some necessary steps to boost the growth in the country.Read More
The precious metal has 12 years of Bull Run and now it is well off from its peak of $1920 which was recorded in September 2011. In a trading world it is considered as an extremely abnormal thing, when a derivative continues moving in a straight line without any correction in a place.
For gold, this was also the case, because the precious metal closed for 12 years higher than the previous years. Most traders argued that the precious metal will not go down and it will continue its move towards the upside, as it is considered as the hedge against the fear and the inflation.
However, they were proved wrong and methodology of trading took over when the shining metal entered in a bear market territory in April this year by closing nearly 35% off from its peak.Read More
Asian markets closed mixed today by building some further gains on top of yesterday. It was a volatile session in Asia during which Japanese and Korean stocks slipped however, Chinese stock indices closed in a positive territory despite the release of disappointing data. The economic data showed that the import and export sectors of the country shrank for a second straight month. China’s export number fell to 3.1% which was the worst number since October 2009.Read More
Despite higher Consumer Prices in China, Investors are cheering the kick-off of upbeat earning season
Asian markets closed strongly up today by recovering some of their losses made yesterday. Most of these gains came due to an upbeat earning season which was kicked off yesterday by Alcoa after the US market close. However, not all Asian indices loved this news as home grown worries took over investor’s appetite for risky assets.Read More
Asian markets closed sharply up on the final trading day of the week by building up further gains on top of yesterday’s gain. Volume was lighter during the trading session as investors do not want to make any big commitment ahead of Non- Farm Payroll data in the US. This data will be closely watched by the Federal Reserve Bank and their decision of tapering the quantitative easing could be heavily influenced by this data.Read More
Asian markets closed mixed today but mostly higher by adding some gains. Investors felt confident during the Asian trading session and picked up the positive momentum after better than anticipated economic data released in the US yesterday. However, traders are cautious ahead of a major economic data release in the US- Non Farm payroll and the volume during the Asian trading session stayed lower than average. This data will be closely watched by the Federal Reserve Bank and their decision of tapering the quantitative easing could be heavily influenced by this data.Read More