OANDA News

OANDA Free Malaysia Today / Apr 27, 2021

KUALA LUMPUR: The ringgit opened marginally lower against the US dollar as focus shifts towards the US Federal Reserve's Open Market Committee (FOMC) meeting later today, an analyst said. At 9.01am, the local currency was steadily trading at 4.0980/1030 against the US dollar from yesterday's close of 4.0960/1000.

OANDA Devdiscourse / Apr 27, 2021

Despite the turbulent times, everyone has experienced since the outbreak of COVID-19, global markets still present many opportunities for investment and growth. On the one hand, markets can be unstable and subject to dramatic swings. On the other, they have remained stable enough for investors to feel safe and optimistic about the future.

OANDA Gulf Today / Apr 27, 2021

Picture used for illustrative purpose. File Gulf Today Report Asian stock markets dropped on Tuesday as investors await the outcome of this week's Federal Reserve meeting. Shanghai, Tokyo, Hong Kong and South Korea declined. The Shanghai Composite Index sank 0.5% to 3,422.52 and the Hang Seng in Hong Kong retreated 0.2% to 28,910.50.

OANDA MarketPulse / Apr 26, 2021

Japan and India's covid crisis weighs on oil Oil is being dragged lower by the deepening covid crisis in India and Japan. As the world's third and fourth-largest importers of oil see lockdown restrictions tighten, the demand outlook for oil is softening. Higher mobility retractions in these countries is hitting fuel demand expectations.

OANDA East Oregonian / Apr 26, 2021

Stocks are opening modestly higher on Wall Street at the beginning of another heavy week for earnings reports from big U.S. companies. The S&P 500 added 0.2% in early trading Monday. The benchmark index is coming off its first weekly loss in the last five.

OANDA Markets Insider / Apr 26, 2021

MicroVision spiked 32% Monday to more than a two-month high as chatter on Wall Street Bets spiked. An analyst said MicroVision was Reddit's "new flavor of the month," pointing to the stock's performance since the middle of last week. He added though that he doubts MicroVision will become the next GameStop.

OANDA Markets Insider / Apr 26, 2021

Bitcoin rose as much as 10% on Monday, as investors used last week's slide as a buying opportunity. The digital asset was last trading near $53,000 as of 03:00 a.m. ET, but had earlier dropped as low as $47,000 in early Asian trade.

OANDA The Manila Times / Apr 26, 2021

HONG KONG: Asian and European markets were mixed on Monday following a strong end to last week on Wall Street as traders turned their attention to the Federal Reserve's latest policy meeting and earnings from corporate giants. A strong reading on US and European manufacturing and services activity provided a positive catalyst for investors, who [...]

OANDA Marketscreener.com / Apr 26, 2021

Shares of energy companies rose slightly as traders hedged their bets on the outlook for energy usage. Crude oil prices were "seesawing as uncertainty over the short-term demand recovery is countered by optimism the U.S. and U.K. will share their vaccines with the rest of the world," said Edward Moya, senior market analyst at foreign-exchange brokerage OANDA Group.

OANDA Devdiscourse / Apr 26, 2021

London's FTSE 100 edged lower on Monday as heavyweight export-oriented companies slipped on a stronger pound, while a rally in shares of IMI helped the mid-cap index outperform the blue-chip index. The FTSE 100 fell 0.1% as large dollar-earning consumer staples companies such as Diageo, British American Tobacco, and Unilever dropped after the pound strengthened.

OANDA Tunf.com News / Apr 26, 2021

Bitcoin and other cryptocurrencies are suffering from hefty losses on Friday due to the concern that the U.S. president, Joe Biden, is having a plan to raise the capital gain taxes that are going to curb investments in digital assets. The selloff is coming after reports in which it is said that the Biden administration ...

OANDA WorldOil / Apr 25, 2021

By Andres Guerra Luz on 4/25/2021 (Bloomberg) -Oil prices fell last week with spreading coronavirus cases in countries such as India tempering optimism around positive signs out of the U.S. and Europe. Futures in New York rose the most in over a week on Friday, but were unable to reverse a 1.6% weekly loss as the market weighed a global economic reopening that's coming in fits and starts.

OANDA The Daily Star / Apr 25, 2021

Reports that the Biden administration will seek to nearly double the capital gains tax hit market sentiment on Friday, distracting investors from positive economic news. Wall Street's main indices ended Thursday down nearly one per cent after the first reports broke of the possible hike that would cut into earnings made on selling stocks.