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OANDA News


Asian markets turned lower Friday as investors struggled to take the lead from a record performance on Wall Street overnight and following below-forecast Chinese factory data. News that US growth had accelerated more than 6 percent in the first quarter of this year and unemployment claims continued to fall to new COVID-19 pandemic-era lows reinforced the view that the recovery in the world's top economy was well on track.
Asian shares sink as they fail to follow Wall Street
Taipei Times

New York, Apr 30 (EFE) .- The price of intermediate oil from Texas (WTI) closed this Friday with a decrease of 2.2%, to 63.58 dollars, although in the whole of April it appreciated more than 7% .

Jonny Hart looks back on the week's business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they discuss the FOMC decision and potential policy mistake, Big-Tech earnings, President Biden's first 100 days, and preview next week's BOE interest rate decision and possible taper discussion.
Market Insights Podcast (Episode 191)
MarketPulse

Zeal Insider provides an in-depth analysis on the Currency Exchange Software with actual market values for the years 2018 and 2019 along with forecast for a period from 2020 to 2028. The global Currency Exchange Software market is completely analyzed the detailed information regarding product type, delivery mode, component, end user, and region.

Month end, rising concerns of pricing pressures, and some Fed taper chatter sent US stocks down from record highs. US Data The personal income and spending data was all about the effects of the stimulus checks. Personal income will obviously decline over the next couple of months, so that means we will have to wait ...
MarketPulse

World share indices extended gains and Treasury yields rose on Thursday, after strong U.S. economic data and the Federal Reserve's commitment to continue supporting the economy fueled confidence in a recovery. U.S. economic growth accelerated in the first quarter, fueled by massive government aid to households and businesses, charting the course for what is expected will be the strongest annual performance in nearly four decades.

KUALA LUMPUR: The ringgit opened firmer against the US dollar today on renewed buying interest, tracking the steadier oil prices, said an analyst. At 9 am, the local currency stood at 4.0985/1015 against the greenback from Wednesday's close of 4.1000/1050. Markets were closed on Thursday for Nuzul al-Quran public holiday.
Ringgit opens firmer on higher crude prices
The Star Online

KUALA LUMPUR (April 30): The ringgit opened firmer against the US dollar today on renewed buying interest, tracking steadier oil prices, said an analyst. At 9am, the local currency stood at 4.0985/1015 against the greenback from Wednesday's close of 4.1000/1050. Markets were closed on Thursday for Nuzul al-Quran public holiday.
Ringgit opens firmer against US dollar
The Edge Markets MY

Asian markets turned lower Friday as investors struggled to take the lead from a record performance on Wall Street. Hong Kong led the losses with tech firms including JD.com, Meituan and Tencent taking a hit after China ramped up its crackdown on the sector.

Dogecoin continued to see its value spiked to a new level, reaching a worth of $40 million in total. And it's seeking an all-time high. But analysts and experts recently said investing too much into cryptocurrency could become a problem for people.
Dogecoin: Will it reach an all-time high this week?
Deseret News

The stock market tumbled Friday on profit-taking, following a signal from the rest of Asia where investors struggled to take the lead from a record performance on Wall Street. The Philippine Stock Exchange Index slumped 116.64 points, or 1.8 percent, to 6,370.87 on a value turnover of P8.6 billion.
Stock market slumps; SM Prime leads losers
manilastandard.net

Municipals ended the week and the month quietly as participants prepare for a supply and redemption increase in May, but even with some pressure felt this week, tailwinds remain for the market. Rates rose this week by as much as six basis points on the 10-year, but on Friday, the benchmark remained below 1%.

Earnings reports boost US equities US stocks are rising higher after stellar earnings reports from Big-Tech, a steady FOMC meeting, and no immediate impact from President Biden's tax plan that will now go through several rounds of negotiations. Except for Amazon, who will report after the bell, the key earnings results are in and have ...
MarketPulse

Oil extends gains on a strong demand outlook Oil prices are charging higher for a third consecutive session on fuel demand optimism. The oil market is looking through the Covid crisis in India, focusing instead on better-than-expected US crude inventories and the ramping up of refining activity.
Oil gains continue, gold eases lower
MarketPulse

The New Zealand dollar has steadied on Thursday after posting strong gains a day earlier. Currently, NZD/USD is trading at 0.7260, up 0.07% on the day. The pair has climbed 0.85% so far this week. New Zealand dollar heads higher The New Zealand dollar continues to gain ground against the struggling US dollar.
New Zealand dollar jumps after FOMC meet
MarketPulse

Asia in cautious mood, eyes US GDP Asian equities continued to trade with a cautiously bullish bias, with one eye on US GDP this evening, after the FOMC stayed on message but was ever so slightly less dovish. Notably, US index futures are rallying powerfully in Asian trading after blow-out Apple and Facebook results and ...
MarketPulse

NEW YORK (Reuters) - World share indices extended gains and Treasury yields rose on Thursday, after strong U.S. economic data and the Federal Reserve's commitment to continue supporting the economy fueled confidence in a recovery. U.S. economic growth accelerated in the first quarter, fueled by massive government aid to households and businesses, charting the course [...]

Gold futures ended Wednesday with a third loss in a row. A rise in U.S. Treasury yields, following a strong reading on first quarter U.S. economic growth, put pressure on prices. "Gold will eventually climb higher, it just needs to see the bond market believe that the Fed will remain stubbornly accommodative throughout the next few months of robust economic data," said Edward Moya, senior market analyst at Oanda.


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