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So far FXAdvise has created 31 blog entries.

Oil prices stable on OPEC-led production cuts, but bloated inventories weigh

WORLD, February 10, 2017 (CNBC): Oil prices were stable early on Friday, with OPEC-led production cuts supporting the market while soaring U.S. fuel inventories were weighing on crude. U.S. West Texas Intermediate (WTI) crude futures were trading at $53.08 per barrel at 0106 GMT, up 8 cents from their last settlement. Brent crude futures, the [...]

February 10th, 2017|News|0 Comments

Dollar jumps as Trump announces forthcoming ‘phenomenal’ tax plan

NEW YORK, Feb 9 (Reuters) The dollar surged more than 1 percent against the yen and rose broadly on Thursday after comments from U.S. President Donald Trump that he would be releasing his "phenomenal" tax plan in the next few weeks. Investors have been waiting impatiently for details on Trump's campaign trail pledges to inject [...]

February 10th, 2017|News|0 Comments

China Jan FX reserves fall more than expected to $2.998 trillion, near 6-year low

February 7, 2017 (CNBC) China's foreign exchange reserves unexpectedly fell below the closely watched $3 trillion level in January for the first time in nearly six years, even as authorities tried to curb outflows by tightening capital controls. Reserves fell by $12.3 billion in January to $2.998 trillion, compared with a drop of $41 billion [...]

February 8th, 2017|News|0 Comments

Japan’s Asakawa says forex rates decided by markets, not being manipulated

Feb 1 (Reuters) Japan's top currency official said on Wednesday that foreign-exchange rates were decided by markets and were not being manipulated, after U.S. President Donald Trump took aim at the currency policies of Japan and other trading partners. Masatsugu Asakawa, vice finance minister for international affairs, told reporters that Japanese monetary policy was aimed [...]

February 1st, 2017|News|0 Comments

Oil prices firm on US crude inventory fall, record car sales

U.S., January 05, 2017 (CNBC): Oil prices were firm on Thursday, buoyed by data showing a fall in U.S. crude inventories and by record car sales in the United States. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $53.26 per barrel at 0024 GMT, unchanged from their settlement on Wednesday, when prices [...]

January 5th, 2017|News|0 Comments

Southeast Asia’s Worst-Performing Currency Is in for Another Tough Year

MANILA, January 04, 2017 (Bloomberg): Southeast Asia’s worst-performing currency of 2016 is in for another tough year with President Rodrigo Duterte’s spending plans seen boosting imports just as rising U.S. interest rates spur capital outflows. The peso is forecast to be collateral damage as an economy growing faster than 7 percent and the government’s infrastructure [...]

January 4th, 2017|News|0 Comments

Fed Blurs Intentions as Dots Drift Away From Economic Forecasts

U.S., December 21, 2016 (Bloomberg): There was something odd in the projections that Federal Reserve officials issued last week. Enough policy makers bumped up the number of interest-rate hikes they expected in 2017 to lift the median to three from two -- displayed graphically in the Fed’s so-called “dot-plot.” The Dec. 14 surprise, accompanying the Fed’s [...]

December 21st, 2016|News|0 Comments

Indonesia central bank looks to slash zeroes off its currency notes

BAY ISMOYO | AFP | Getty Images ASIA, December 19, 2016 (CNBC): Indonesia's central bank governor said on Monday the bank is seeking to slash three zeroes off the face value of rupiah notes in a move to simplify it currency system. Bank Indonesia (BI) Governor Agus Martowardojo said he has asked President Joko Widodo [...]

December 19th, 2016|News|0 Comments

Ringgit Dips to Weakest Level Since 1998 Asia Financial Crisis

ASIA, December 19, 2016 (Bloomberg): Malaysia’s ringgit touched the lowest level since the Asian financial crisis as investors continue to sell down emerging-market assets and after a crackdown on currency speculators last month exacerbated outflows. The ringgit declined as much as 0.1 percent to 4.4805 per dollar, a level unseen since January 1998, according to [...]

December 19th, 2016|News|0 Comments

Fed surprises with three rate hikes next year — and it could need to do more

 Wall Street Journal | Federal Reserve Interest-Rate Decision USA, December 14, 2016 (CNBC): The Fed surprised markets by forecasting three interest rate hikes next year, and that number could increase even more once President-elect Donald Trump takes office. The Fed Wednesday raised rates for the second time in 10 years, boosting their short-term interest rate target [...]

December 14th, 2016|News|0 Comments