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Asian markets kicked off the week on a positive note, buoyed by the record-breaking rally in US markets last week. Despite escalating geopolitical tensions in the Middle East, which have spurred strong rallies in metals, stock investors appear relatively calm. Trading activity today may be muted due to bank holidays in several European countries and Canada, along with an empty US economic calendar. However, market participants will be paying close attention to comments from BoE MPC member Ben Broadbent and several Fed officials. Later in the week, volatility is expected to rise with RBNZ rate decision, RBA and Fed minutes as well as key CPI and PMI data from several countries. ....
As Asian session unfolded, the forex markets have been relatively quiet. Precious metals, on the other hand, are making headlines with Gold soaring above new record high above 2350 mark and Silver also rallies significantly. Nikkei is having a notable rebound even though 40k psychological level could remain a strong resistance to cap upside. Oil prices dip slightly on news that Israel is withdrawing more soldiers from southern Gaza, but the retreat is so far limited. ....
The forex markets display a calm demeanor in the Asian session, with most major pairs and crosses gyrating in very tight ranges. Australian Dollar finds modest support from the state orchestrated rebound in Chinese Yuan. However, this lift hasn't translated into clear momentum for an extended rally in Aussie. ....
(Bloomberg) The ongoing slide in the ringgit puts it a whisker away from a record low, and continued weakness in Malaysia’s exports as well as dollar strength may just push the currency past that level. Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderRecord US Stock Rally Is Under Threat From a World in TurmoilChina Stocks Primed for Bullish Reopen After Upbeat DataSystemic Risk Concerns Grow Among Money Managers as Real Estate Woes Cause TurmoilWall Str ....
The Malaysian Ringgit Is Within a Whisker of Its 1998 Record Low bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.