Japan’s trade balance favors the Yen

Japanese shares has made a gain on Friday, as a strong finish on the Wall Street made the traders to bet on cheap growth stocks, on the other hand stable U.S. interest rates also supported sentiment. On Thursday, Japan published the April Merchandise Trade Balance Total, which did post a surplus of ¥255.3 billion, although [...]

Yellow metal trades high after FOMC minutes

Gold prices are higher today after the FOMC minutes. Safe-haven demand was featured in the yellow metal today as the U.S. stock market sold off and fall of US treasury yields. A selloff in the global equity markets provided a strong lift to traditional safe-haven assets and assisted the precious metal. The renewed weakness in [...]

Pound is trading high ahead of CPI report

The re-opening of UK continues with people now allowed to be inside pubs and restaurants from Monday along with indoor socializing and a limited range of foreign travel. This should led a  helping hand to re-boot the service sector, an area that has been hit hard by coronavirus lockdowns, with people now able to spend [...]

Rise in oil prices favors Loonie

The Canadian dollar is strong against greenback due to the upbeat Canadian economic data and greenback decline. A mixture of rising oil prices and rising Canadian wholesale sales for March has provided a boost for the Canadian Dollar. Loonie seems  to be strong this week after Canada’s wholesale transactions beat forecasts and rose by 2.8% [...]