Gold decreased 2.75 USD/t oz. or 0.22% to 1,257.94 on Thursday May 25 from 1,258.10 in the previous trading session. Historically,

GOLD GAINS IN ASIA AS FED HOLDS STEADY AS EXPECTED, NOTES PRICES DATA

GOLD GAINS IN ASIA AS FED HOLDS STEADY AS EXPECTED, NOTES PRICES DATA

GOLD GAINS IN ASIA Gold posted gain in Asia on Friday as the Fed held as expected and signaled that future i

GOLD GAINS IN ASIA Gold posted gain in Asia on Friday as the Fed held as expected and signaled that future interest rate hikes depend on key economic data from inflation and wage growth.

Gold futures for August delivery on the Comex division of the New York Mercantile Exchange gained 1.08% to $1,262.94 a troy ounce. Copper traded at $2.870 a pound, 0.03%.

Overnight, gold prices traded slightly below break-even on Wednesday, as the dollar edged higher ahead of the Federal Reserve’s rate decision later during the session but weaker-than-expected housing data capped losses.

The Federal Reserve voted Wednesday not to raise its key interest rate, and said it expected to begin normalising its $4.5 trillion balance sheet “relatively soon.”



GOLD GAINS IN ASIA

 

The Commerce Department said on Wednesday new home sales rose 0.8 percent to a seasonally adjusted annual rate of 610,000 units last month.

May’s sales pace was revised down to 605,000 units from the previously reported 610,000 units.

Monetary policy, however, remained front and center

In a move largely expected in financial markets, the policymaking Federal
Open Market Committee (FOMC) agreed to keep its benchmark rate target at 1%-1.25%.

The accompanying statement revealed concerns among policymakers about the recent slowdown in inflation, which remained well below the central bank’s target of 2%.

Inflation data has undershot market expectations for four-straight months, showing little sign of improvement but policymakers remained optimistic that the pace of inflation will stabilise over longer-term.

“Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance,” the Federal Reserve July policy statement noted.

The Federal Reserve statement also noted that interest rates are likely to remain low for “some time”, highlighting that increases in its benchmark rate will depend on incoming economic data.



CRUDE GAINS IN ASIA Crude gains in Asia on Tuesday ahead of industry estimates of U.S. crude and refined product stocks and with sentiment on output curbs supporting markets.

CRUDE GAINS IN ASIA AHEAD OF API ESTIMATES, UPBEAT OPEC VIEWS

CRUDE GAINS IN ASIA AHEAD OF API ESTIMATES, UPBEAT OPEC VIEWS

CRUDE GAINS IN ASIA Crude gains in Asia on Tuesday ahead of industry estimates of U.S. crude and refined product stocks and with sentiment on output curbs supporting markets.

CRUDE GAINS IN ASIA Crude gains in Asia on Tuesday ahead of industry estimates of U.S. crude and refined product stocks and with sentiment on output curbs supporting markets.

On the New York Mercantile Exchange crude futures for August delivery rose 0.60% to settle at $46.62 a barrel, while on London’s Intercontinental Exchange, Brent added 0.39% to $48.85 a barrel.

Overnight, crude futures settled higher on Monday, after Opec producer Saudi Arabia pledged to lower crude exports in August while Nigeria agreed to curb production.



CRUDE GAINS IN ASIA

 

At a gathering of ministers from major crude-producing nations in St. Petersburg, Russia on Monday, Saudi Energy Minister Khalid al-Falih said his country would limit crude oil exports at 6.6 million barrels per day (bpd) in August, almost 1 million bpd below levels a year ago.

The Saudi energy minster added that the production-cut agreement could be extended beyond March if necessary but any further extension would rely on non-compliant nations adhering to the agreement.

Also adding to positive sentiment on oil, were reports suggesting that Nigeria committed to take part in production if it reaches a production level of 1.8m bpd.

Nigeria output reached 1.7 million bpd in June, according to independent sources cited by OPEC in a monthly report.

Some analysts praised Nigeria decision to agree to cap production but expressed concerns about Opec’s compliance rate – with the deal to curb production – which fell to 78% June, the IEA said in its report earlier this month.

In May, Opec and non-Opec members agreed to extend production cuts of 1.8m bpd for a period of nine months until March but rising production from the U.S., Nigeria and Libya has undermined the cartel’s efforts to curb excess supply.

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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



CRUDE DOWN IN ASIA Crude oil prices eased in Asia on Monday ahead of a July 24 meeting on OPEC

CRUDE DOWN IN ASIA ON OPEC GLUT AHEAD OF REVIEW MEETING

CRUDE DOWN IN ASIA ON OPEC GLUT AHEAD OF REVIEW MEETING

COMMODITY INVESTORS

CRUDE DOWN IN ASIA Crude oil prices eased in Asia on Monday ahead of a July 24 meeting on OPEC

CRUDE DOWN IN ASIA Crude oil prices eased in Asia on Monday ahead of a July 24 meeting on OPEC and allies to review progress on output cuts and a a weaker dollar as the Fed gets set to give its latest views on rates this week.

The U.S. West Texas Intermediate crude September eased 0.17% to $45.69 a barrel. On the ICE Futures Exchange in London, Brent oil for September delivery was last quoted sharply down at $47.88 a barrel.

On Wednesday, the Fed will give its latest views on rates ahead of the first look at U.S. second quarter growth on Friday.



CRUDE DOWN IN ASIA

 

Last week, oil prices settled lower for the second session in a row on Friday, ending at its weakest level in about a week as sentiment soured amid indications that supply from OPEC was set to rise, despite the cartel’s agreement to curb production.

Oil sank on Friday after tanker-tracking firm PetroLogistics said crude output from OPEC members was set to rise by 145,000 barrels a day in July from a month earlier.

The increase in oil supply would push production above 33 million barrels per day, due to increased output from Saudi Arabia, the United Arab Emirates and Nigeria.

The news comes ahead of a highly-anticipated meeting of some oil ministers from OPEC and non-OPEC producers in Russia on Monday, who are gathering to discuss compliance with the cartel’s deal to cut production.

Market experts say the ministers will likely recommend maintaining the policy of holding back output at current levels, but efforts will be made to bring Nigeria and Libya into the framework due to the recent recovery of their production.

In May, OPEC and some non-OPEC producers extended an agreement to slash 1.8 million barrels per day in supply until March 2018. So far, the agreement has had little impact on global inventory levels due to rising supply from producers not participating in the accord, such as Libya and Nigeria.

Meanwhile, in the U.S., weekly figures from energy services company Baker Hughes showed that the number of active rigs drilling for oil declined by 1 to 764 last week, suggesting early signs of moderating domestic production growth.

The count is often seen as proxy for the outlook on domestic production.

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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



NXChain Inc. Acquires  NXChain Inc. (OTCQB: NXCN), a fully reporting Shell Company traded on OTCMarkets ("NXCN"), today announced its entry into a binding contract to acquire 49.9 percent of ExPay Asia, a privately-

NXChain Inc. Acquires 49.9 Percent of ExPay Payment Platform in Asia

Facilitating Broad Integration of Digital Currency in the Digital Payments Markets

NXChain Inc. Acquires  NXChain Inc. (OTCQB: NXCN), a fully reporting Shell Company traded on OTCMarkets ("NXCN"), today announced its entry into a binding contract to acquire 49.9 percent of ExPay Asia, a privately-

FOREX INVESTORS BUZZ   PRESS RELEASE  NXChain Inc. Acquires  NXChain Inc. (OTCQB: NXCN), a fully reporting Shell Company traded on OTCMarkets (“NXCN”), today announced its entry into a binding contract to acquire 49.9 percent of ExPay Asia, a privately-held payments company operating in the Asian market. The companies will work together to implement future payment solutions based on the digital assets platform developed by NXCN. NXCN has previously completed the purchase of digital currency backbone technologies from LXCCoin Ltd. UK, and this is an important step for the upcoming launch of services for the company. NXCN has been operating in stealth and will continue to do so for some time yet.

Foreign ownership is restricted in Thailand, and NXCN has requested regulatory clearances from BOI in regards to its foreign ownership. Once permission is granted NXCN may execute an option it is currently holding for a 51 percent majority ownership.



NXChain Inc. Acquires

 

About ExPay Asia

The ExPay Group was formed in 2012 by finance industry executives to develop an open platform for online merchants incorporating intelligent back office solutions. The company has grown steadily and is currently turning over an approximate $40 million annually with a net result of $1.25 million. The company focuses on combining a range of innovative services to existing payment solutions and has through the partnership with NXCN already secured new business, aiming at doubling both turnover and result next year. More information can be found at http://expay.asia.

About NxChain, Inc.

NxChain, Inc. is a fully reporting and trading Company on OTCMarkets under the trading symbol NXCN.QB. The Company is growing its business through acquisitions and mergers of cryptocurrency companies and technologies to provide a fixed-price cryptocurrency platform to multiple levels of the financial industry in various markets worldwide. More information can be found at http://www.nxchain.com.

NXCN and ExPay are working jointly on constructing a digital currency gateway combining several technologies, including amongst others the NXCN-owned LXCCoin Digital Currency backbone.

Mr. Sean Tabatabai, CEO of NXChain comments: “We firmly believe that our platform of blockchain technology will induce a paradigm shift in the way we do transactions. Our team has worked on our platform extensively for years, and at present we are including certain other technologies to work in concert with our services. We have great faith in ExPay being a key component in our future business.”

Mr. Chakrit Ahmad, CEO of ExPay comments: “We expect blockchain to become a core of future money transactions, but until we started testing with NXCN and their stable currencies we did not see how volatile and/or slowly transacting digital currencies could be integrated into what we are doing. While still focusing on current business; we anticipate that being part of the NXCN technology platform presents some unique advantages and we look forward with excitement to releasing services together.”

|Chart | Calendar   | TRADE NOW | FORCAST | cryptocurrency 

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Buz Investors Oil pushes higher on worries The commodity is trading at $53.74 per barrel at 10:40 GMT this morning, 0.19% higher from the New York close. Crude oil witnessed a high of $54.05

Oil prices rise on Saudi export cuts to Asia, report of falling US stockpiles

Chart | Calendar   | TRADE NOW | CRUDE OIL

Oil prices rise on Saudi export cuts to Asia, report of falling US stockpiles

Buz Investors Oil pushes higher on worries The commodity is trading at $53.74 per barrel at 10:40 GMT this morning, 0.19% higher from the New York close. Crude oil witnessed a high of $54.05

Oil

BUZ INVESTORS  Saudi export cuts  The commodity is trading at $46.32 per barrel at 09:40 GMT this morning, 0.19% higher from the New York close. Crude oil witnessed a high of $46.46 per barrel and a low of $46.01 per barrel during the session. In the New York session yesterday, crude oil rose 0.06% to close at $46.23 per barrel, after the API disclosed that US crude oil inventories fell by 5.8 million barrels last week. Gains in crude prices were capped, after the EIA raised its US crude production forecast for 2017 and 2018. Immediate downside, the first support level is seen at $45.68 per barrel, while on the upside, the first resistance level is at $46.80 per barrel.




 

Saudi export cuts

>>>TRADE NOW<<<

Crude oil  | Data | Chart | Calendar | Forecast | News


source: tradingeconomics.com
Crude Oil increased 0.71 USD/BBL or 1.55% to 46.68 on Wednesday May 10 from 45.88 in the previous trading session. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946

Crude oil is the world’s most actively traded commodity. Crude Oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. This page provides – Crude oil – actual values, historical data, forecast, chart, statistics, economic calendar and news. Crude oil – actual data, historical chart and calendar of releases – was last updated on May of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
46.68 46.21 145.31 1.17 1946 – 2017 USD/BBL Daily

 

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Commodities ( Gold ) ( Silver ) ( Lithium )




Buz Investors Stocks Decline Across Asia Haven assets were favored in initial trading Monday after Donald Trump provided investors with little to back up his policy stance. Gold and the yen climbed with U.S. and Australian government bonds, while Asian shares retreated. The yen

Yen Gains With Gold as Stocks Decline Across Asia: Markets Wrap

Yen Gains With Gold as Stocks Decline Across Asia: Markets Wrap

  • Buz Investors Stocks Decline Across Asia Haven assets were favored in initial trading Monday after Donald Trump provided investors with little to back up his policy stance.
  • Gold and the yen climbed with U.S. and Australian government bonds, while Asian shares retreated. The yen strengthened and gold added to a four-week advance. Japan’s Topix index lost 1.3 percent and Australian shares dropped.
  • The dollar fell as Asian traders reacted for the first time to Donald Trump’s inauguration and comments by Bank of Japan Governor Haruhiko Kuroda that the greenback could strengthen. Trump began work as U.S. president after saying he’d place American interests at the forefront of his




Stocks Decline Across Asia

Buz Investors Stocks Decline Across Asia Haven assets were favored in initial trading Monday after Donald Trump provided investors with little to back up his policy stance. Gold and the yen climbed with U.S. and Australian government bonds, while Asian shares retreated. The yen

Stocks Decline Across Asia Trump began work as U.S. president after saying he’d place American interests at the forefront of his agenda. His pro-growth campaign-trail pronouncements helped drive a rally in equities since November, while the dollar surged and bonds slumped. Some of those trades are unwinding this month as investors assess whether those moves had pushed prices too far, too fast. Money managers will be dissecting earnings from some of the world’s largest companies this week with Alphabet Inc., Samsung Electronics Co. and Alibaba Group Holding Ltd.

Other Stories Buz Traders Follow

Stocks Decline Across Asia

“Markets are now waiting for more evidence that Donald Trump will deliver on fiscal stimulus and deregulation,” said Shane Oliver, Sydney-based global investment strategist at AMP Capital Investors Ltd., which manages about $120 billion. “Shares remain vulnerable to a further correction or consolidation in the next month or so.”

Commodities

  • Gold rose 0.7 percent to $1,218.24 an ounce.
  • West-Texas Intermediate crude oil advanced for a third day climbing 0.2 percent to $53.31.
  • Copper futures jumped 1.5 percent in London

major currencies: (EUR-USD) (USD-JPY) (GBP-USD) (USD-CHF), (USD-CAD), (AUD-USD)




Asia markets slip, as euro falls on Italian vote

Asia markets slip, as euro falls on Italian vote

Asia markets slip, as euro falls on Italian vote

  • Buz Investors euro falls The euro dropped to a 20-month low on Monday in Asia as investors assessed the implications of the resignation of Italian Prime Minister Matteo Renzi after he suffered a humiliating defeat in a referendum over constitutional reforms.
  • As well, Asian shares were in negative territory on Monday with Australia’s ASX 200 down 0.88 percent, seeing broad declines across all sub-indexes except for utilities, which was up 2.81 percent.
  • Elsewhere, the NZX 50 fell 0.52 percent as Prime Minister John Key said he would resign, citing it as “the right time” as he would not seek a fourth term. The New Zealand dollar was weaker against

euro falls

Asia markets slip, as euro falls on Italian vote

euro falls  Chinese shares were lower as the long-awaited Shenzhen-Hong Kong Stock Connect launched today, which will give mainland investors access to Hong Kong-listed stocks, and allow international investors to trade Shenzhen-listed stocks.

The Shanghai composite shed 1.25 percent, while the Shenzhen composite slipped 0.62 percent. In Hong Kong, the Hang Seng index was down 0.36 percent.

Other Stories Buz Traders Share

euro falls

 

China’s services sector rose to a 16-month high in November with a Caixin/Markit servies purchasing managers’ index (PMI) of 53.1, from 52.4 in October. A reading above 50 indicates expansion in the services sector.

In Japan, the Nikkei 225 fell 00.67 percent, as South Korea’s Kospiinched down 0.15 percent.




Asia markets mixed; Nikkei up 2.1 pct, Kospi down 0.4 pct, ASX off 0.4 pct

Asia markets mixed; Nikkei up 2.1 pct, Kospi down 0.4 pct, ASX off 0.4 pct

Asia markets mixed; Nikkei up 2.1 pct, Kospi down 0.4 pct, ASX off 0.4 pct

  • Asia markets mixed opened mostly on the back foot on Monday, but Japanese shares bucked the trend to climb in early trade, boosted by a relatively weaker yen.
  • Remarks from U.S. Federal Reserve officials on Friday about possible interest rate hikes in the future had pushed up the dollar index, which measures the greenback against a basket of currencies, from levels near 94.300
  • Major exporters in Japan saw their shares climb, with Toyota up 3.33 percent, Honda adding 3.41 percent and Mitsubishi Electric gaining 3.84 percent.

“Yellen’s appearance Friday morning at Jackson Hole proved not to be the damp squib that many were expecting

Asia markets mixed; Nikkei up 2.1 pct, Kospi down 0.4 pct, ASX off 0.4 pct

The rest of Asian markets, however, struggled for gains. In South Korea, the Kospi was down 0.40 percent. Australia’s ASX 200 dropped 0.41 percent, with the heavily-weighted financials sub-index falling 0.29 percent.

On Friday, U.S. Fed Chair Janet Yellen delivered a highly-anticipated speech at an economic symposium at Jackson Hole, Wyoming. Yellen said she was optimistic about the U.S. economy, fueling expectations that interest rate hikes were ahead.

In prepared remarks, the Fed chair said the Federal Open Market Committee continued to anticipate gradual increases in the federal funds rate over time to achieve and sustain employment and inflation in line with the Fed’s objectives.

Asia Markets Follow Wall Streets Lead

Asia-Markets Follow Wall Streets Lead



Asia-Markets Follow Wall Streets Lead

Chinese mainland markets traded higher, with the Shanghai composite closing up 48.38 points

Asia-Markets Follow Wall Streets Lead

Wall Street gave new confidence across global markets by closing last week with record highs. Asian markets took the cue, with traders shrugging off some disappointing economic data from China and focusing on the record finishes in the U.S. markets and a rebound in oil prices.

In Australia, the ASX 200 closed up 22.88 points, or 0.42 percent, at 5,530.90, posting a 0.6 percent gain for the week. while the benchmark Nikkei 225 closed up 184.80 points, or 1.10 percent, at 16,919.92 resuming trade after returning from its Thursday public holiday. For the week, the Nikkei posted a 4.09 percent gain.

The Korean Kospi finished nearly flat at 2,050.47, giving up earlier gains of around 0.3 percent and in Hong Kong, the Hang Seng index added 0.82 percent.

InstaForex
In the currency market, the Australian dollar dropped from levels near $0.7685 before the release of the China data to as low as $0.7667. At 3:02 p.m. HK/SIN, the Aussie traded at $0.7682. China is one of Australia’s key trading partners and Chinese data usually impacts the Aussie.

Markets also reacted to oil price volatility amid speculation over the upcoming OPEC meeting. In Asia trade, oil prices extended their overnight rebound, with U.S. crude futures up 0.6 percent at $43.76 a barrel after jumping 4.3 percent overnight. Global benchmark Brent added 0.35 percent to $46.20 after climbing 4.5 percent overnight.