FXCH News and Press, Invesco CurrencyShares Chinese Renminbi Trust Rydex Investments

The threat of the US not servicing its debt to China, the loss of 20.5 mln jobs last month, nor the prospect of negative interest rates have undermined the US dollar. It sat at the fulcrum between the currencies seen as beneficiaries of risk appetites, namely the dollar bloc and Scandis and ...

Overview: There is a sense of indecision in the air today. There have been several developments, but investors seem mostly reluctant to extend positions. China reported a surge in exports in April and an increase in the value of reserves. Australia reported a rise in exports in March. The Ba...

Overview The late sell-off in US stocks yesterday has not prevented gains in Asia and Europe. Most of the equity markets, including the re-opening of China, gained more than 1%. Australia was a notable exception, falling about 0.4%, and Taiwan was virtually flat. European bourses opened high...

Overview: The S&P 500 recovered yesterday after dipping trading below the 20-day moving average for the first time in a month. The key area is the gap between the April 30 low (~2892.5) and the May 1 high (~2869). Oil reversed higher as well. June crude was off nearly 9% in the US mornin...

The dollar fell against all the major currencies and most of the emerging market currencies last week. The Dollar Index fell by 1.3%, the biggest loss since the last week of March, and posted its lowest close in nearly three weeks ahead of the weekend. There seemed to be a change in the mark...

Overview: The retreat in US stocks yesterday, coupled with disappointing earnings news, has sent equity markets lower today. However, the May Day holiday has closed most markets, warning of spill-over at the start of next week, though China's markets are closed through next Tuesday and Japan...

Overview: The dollar is lower across the board as dealers attribute the selling to month-end pressures ahead of the FOMC today and ECB tomorrow and long-holiday weekend for many. Japan's Golden Week holiday has already begun. Despite the loss in US equities yesterday, despite the higher open...

Overview: Equities are building on yesterday's gains. The MSCI Asia Pacific Index rose 2% yesterday and edged higher today. Shanghai and Austalia stand out as exceptions. In Europe, the Dow Jones Stoxx 600 is extending yesterday's 1.8% gain to reach its best level since March 11. Today would...

Overview: Global equities are beginning the new week on an upbeat note. All the markets in the Asia Pacific region rallied, led by more than 2% gains in the Nikkei and Taiwan. European bourses are higher. All the industry groups are participating and financials and consumer discretionary lea...

Last week will be remembered for the collapse of oil prices. The WTI contract for May delivery would find no buyers and the price fell to an unheard-of minus $41 a barrel. It is a bit of a fluke having to do with a physical settlement contract (as opposed to cash), and some large participant...