Markets

Stocks trade higher, shrugging off AstraZeneca vaccine concerns, while traders take profit in oil and Bitcoin

European shares rose but caution prevailed after hitch in AstraZeneca’s COVID-19 vaccine trial. Bitcoin hits profit-taking after massive rally this week – a fall below $US16,000 risks “FOMO destruction,” one analyst said. Oil eases below this week’s high as wariness over the demand outlook resurfaces. Visit Business Insider’s homepage for […]
Stocks trade higher, shrugging off AstraZeneca vaccine concerns, while traders take profit in oil and Bitcoin
Markets

Billionaire Ray Dalio says ‘almost everybody is underweight on China’ and gives advice on how to invest in the world’s 2nd largest economy

Billionaire investor Ray Dalio said “everybody is underweight on China” but he thinks the “right type of balance” investing in China can yield positive results. “Our approach is, we call it the all-weather approach, it’s a certain balance in which you achieve balance without lowering the expected return. From that, […]
Billionaire Ray Dalio says ‘almost everybody is underweight on China’ and gives advice on how to invest in the world’s 2nd largest economy
Markets

Sterling slides as the threat of a no-deal Brexit returns to UK markets

The pound neared one-month lows against the US dollar on Tuesday after fears of a no-deal Brexit resurfaced. The Financial Times reported prime minister Boris Johnson may scrap key parts of last year’s withdrawal agreement. DeVere Group’s Nigel Green, said: “If the talks fail and there’s a no-deal Brexit, the […]
Sterling slides as the threat of a no-deal Brexit returns to UK markets
Markets

China won’t use the yuan to ‘aggressively’ attack the US, even as trade tensions between the world’s 2 largest economies rise, Morgan Stanley says

Morgan Stanley does not think China will use its Yuan “aggresively” against the US even as trade tensions mount between both countries. Morgan Stanley chief Asia economist Chetan Ahyda said: “China doesn’t want its currency to be that volatile.” China devalued its currency in 2018 prompting the US to label […]
China won’t use the yuan to ‘aggressively’ attack the US, even as trade tensions between the world’s 2 largest economies rise, Morgan Stanley says
Markets

Trump’s advisers reportedly considered proposals to undermine Hong Kong’s peg to the US dollar, threatening a system that has been in place since 1983

The US administration reportedly discussed limiting Hong Kong’s peg to the dollar that has been in place since 1983, in response to China’s draconian security law passed in May. Bloomberg reported Wednesday, that the possibility of limiting Hong Kong banks’ ability to buy dollars, has been raised with US secretary […]
Trump’s advisers reportedly considered proposals to undermine Hong Kong’s peg to the US dollar, threatening a system that has been in place since 1983
Tech

How to change the currency on Google Maps for accurate regional prices

You can change the currency that Google Maps shows you by heading to the “Region Settings” menu. Google Maps will show you the currency that’s native to the region you’re located in, so you’ll have to change your region. When you look up hotels, gas stations, or other businesses, Google […]
How to change the currency on Google Maps for accurate regional prices
Markets

Traders in Argentina have figured out a loophole that generates a 7% return in mere minutes. Here’s how they pull it off.

Argentinian traders found a new way around their government’s capital controls – and the bond-trading technique is consistently netting 7% returns, Bloomberg reported. The traders profit off the difference between the US-Argentine peso exchange rate and the government’s new peso value. The official exchange rate of about 56 pesos to […]
Traders in Argentina have figured out a loophole that generates a 7% return in mere minutes. Here’s how they pull it off.
Markets

Fed rate cut speculation pushes the Aussie dollar to a 3-week high

The AUD/USD rose to a three-week high on Monday. Weak economic data and dovish commentary from a senior US Federal Reserve member saw US bond yields tumble, dragging the greenback lower. Markets are now pricing in two 25 basis point Fed rate cuts this year. The RBA will almost certainly […]
Fed rate cut speculation pushes the Aussie dollar to a 3-week high
Markets

The Australian dollar eases lower in another quiet day for currency markets

The Australian dollar eased lower in quiet trade on Thursday. There was little reaction to weak Australian economic data nor dovish remarks from a senior US Federal Reserve official. Chinese manufacturing PMI and Australian private sector credit are the main data highlights in Asia on Friday. Core PCE inflation for […]
The Australian dollar eases lower in another quiet day for currency markets
Markets

The Australian dollar remains trapped in a narrow trading range

The Australian dollar continues to trade in a narrow trading range just under US70 cents. Most of the main data events in Asia will come from New Zealand on Wednesday. The Bank of Canada will announce its May interest rate decision. No change in policy is expected. The Australian dollar […]
The Australian dollar remains trapped in a narrow trading range
Markets

The Australian dollar is treading water as China’s currency stabilises

The Australian dollar was quiet on Wednesday, finishing mixed against the major crosses. Australian economic data released during the session was weak and trade tensions between China and the United States flared again, but markets largely ignored it. The Aussie’s movements were largely reflective of those in the Chinese yuan. […]
The Australian dollar is treading water as China’s currency stabilises
Markets

The Australian dollar spikes following the Coalition’s shock election victory, but not everyone is convinced the rally will last

The Australian dollar has spiked following Australia’s shock election outcome over the weekend. However, early gains are already slowly being whittled away ahead of a key speech from RBA Governor Philip Lowe on Tuesday. US-Sino trade headlines will continue to dictate broader market sentiment on Monday. The Australian dollar has […]
The Australian dollar spikes following the Coalition’s shock election victory, but not everyone is convinced the rally will last
Markets

The Australian dollar slides to new lows as RBA rate cut expectations increase

The Australian dollar continues to slide, closing at fresh three-year lows against the greenback. A surprise lift in Australia’s unemployment rate in April has seen expectations for a RBA rate cut next month increase substantially. US data was also stronger-than-expected on Thursday, helping the greenback to rally against all the […]
The Australian dollar slides to new lows as RBA rate cut expectations increase
Markets

The Australian dollar sits near multi-year lows ahead of key economic data

The Australian dollar remains pressured despite a modest improvement in investor risk appetite. US President Donald Trump offered a more conciliatory tone on trade talks with China during Tuesday’s trading session, helping to spark a modest rebound in stocks and commodities. Currency markets were less enthusiastic. Australia’s Q1 wage price […]
The Australian dollar sits near multi-year lows ahead of key economic data
Markets

Asian stocks remain under pressure, but it could be worse

Asian stocks remain under pressure on Tuesday, adding to Monday’s substantial losses. However, a stabilisation in Chinese stocks and currencies is helping to limit losses for the moment. The Chinese yuan has also rebounded from earlier losses, underpinning Asian currencies after a sharp sell-off on Monday. Chinese markets have stabilised […]
Asian stocks remain under pressure, but it could be worse
Markets

The Australian dollar tumbles as China escalates the trade war

The Australian dollar fell heavily on Monday as China announced retaliatory tariffs on US imports. There’s some speculation the Chinese move won’t be the last in the trade war. Chinese stocks and the Chinese yuan were hit hard during the session. They’ll likely be influential on broader investor sentiment in […]
The Australian dollar tumbles as China escalates the trade war
Markets

The Australian dollar bounces as the RBA keeps rates steady

The Australian dollar pushed higher on Tuesday, gaining against all major crosses except the Japanese yen. The RBA kept Australia’s cash rate steady at 1.5% in May, sparking a bout of short covering after the decision was announced. However, increased concern over an escalation in US-Sino trade tensions help to […]
The Australian dollar bounces as the RBA keeps rates steady
Markets

Chinese stocks plunge, recording the largest falls in years

Chinese stocks plunged on Monday, dragged lower by escalating trade tensions with the United States. The benchmark Shanghai Composite Index fell 5.6%, the largest one-day percentage decline since February 2016. The offshore traded yuan has also fallen to the weakest level against the greenback since February. Commodity futures and stocks […]
Chinese stocks plunge, recording the largest falls in years
Markets

Asian markets are getting pummelled as the trade war reignites

The trade truce between the United States and China may be on the cusp of unravelling, and financial markets don’t like it one bit. Stocks are tumbling on Monday, especially in China. Commodities are also under pressure, as are currencies closely linked to the performance of the Chinese economy, such […]
Asian markets are getting pummelled as the trade war reignites
Markets

The Australian dollar tumbles as Trump tweets threat to China

The Australian dollar has fallen sharply upon the resumption of trade on Monday morning. US President Donald Trump has dramatically escalated trade tensions with China, tweeting that tariffs on hundreds of billions worth of Chinese goods entering the US could increase as soon as Friday. The response from China to […]
The Australian dollar tumbles as Trump tweets threat to China
Markets

The Australian dollar has fallen below 70 cents again

The Australian dollar continues to fall as markets scale back the likelihood of a rate cut from the US Federal Reserve this year. Market probability of a 25 basis points rate cut from the Fed by the end of the year now sits at 65%. It was over 100% last […]
The Australian dollar has fallen below 70 cents again