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NEWS | 5 minutes ago The US fund investors increased exposure in the Chinese equities last week by most since January despite ongoing trade war. Investors bought $572 million shares in US-based funds that invest primarily in Chinese equities, Lipper data showed, according to Reuters news. The increased demand for the Chinese assets may not yield a rise in […]
NEWS | 12 minutes ago Sky News reports that the Australian ruling Liberal party is scheduled to hold a meeting on leadership at 0220 GMT. Markets are speculating that a new Prime Minister (PM) would be soon announced after the meeting. The strong contenders for the PM position are the challenger Peter Dutton, Treasurer Scott Morrison and Foreign Minister […]
NEWS | Australian political turmoil, looming US tariffs deadline knocks-off the Aussie. Technical set up points to easing upward momentum, as corrective rally fades. The bearish momentum in the AUD/USD pair regained strength in the Asian trades this Thursday, as the Aussie was heavily sold-off into ongoing Australian political turmoil. The political climate down under deteriorated on reports […]