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Forex news for Asia trading on Wednesday 28 July 2021

  • 28 July, 2021
  • 6:46 pm EEST

                     ''Chinese stocks fall in early trade''   Ahead of the Chinese stock market's local opening, there were a series of encouraging media stories asking people not to be negative about…

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Five things to keep an eye on as the Fed makes its decision

  • 28 July, 2021
  • 12:46 pm EEST

While the Fed meeting tonight is unlikely to result in a resolution on tapering, a number of technical concerns are on the table, making the meeting all the more interesting. Here's what to look out for: On USD liquidity: it…

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Bitcoin has dropped from $40,000 to under $37,000.

  • 27 July, 2021
  • 2:58 pm EEST

Today's major FX rates remained quiet, trading in extremely tiny ranges, with little net change from late US levels. Watching the Olympics appears to be on many people's schedules, especially as they anticipate the Federal Open Market Committee announcement and…

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For the time being, risk is remaining defensive.

  • 27 July, 2021
  • 1:00 pm EEST

China's sour tones weighed on sentiment earlier, but the bleeding has halted now that local markets are closed. As the focus now shifts to European trading and attention returns to the Fed tomorrow, this may be helping to see the…

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As the Hang Seng spins, US market futures fall on China worries

  • 26 July, 2021
  • 12:51 pm EEST

Stock futures in the United States fell on Monday as China made a series of actions indicating that tensions between the world's two largest economies are likely to worsen. The E-mini S&P 500 futures ES00 and the Nasdaq 100 futures…

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