Forex news for Asia trading
Tuesday 28 July 2020
Demand for the precious metals
continued in Asia today with gold touching $1980 and silver $26. The
FOMC meeting is today (and Wednesday) and an even more dovish Fed is
expected. Investors are not seeming to be meekly awaiting the outcome
with widespread USD selling in past days although currency moves here
in Asia were muted compared with those for gold and silver.
Bitcoin – it trade quickly higher also, to circa $11,400 before
coming to a halt and retracing somewhat.
Washington we had news on what appears to be an inching forward of
stimulus negotiations with Pelosi indicating Dems would continue to
work with the US Senate towards a compromise to get
more economic relief stimulus through. Apart from this there was
little news nor data of impact.
TradeOn Summit is on right now – check it out here to register and
login (its ForexLive, so its free!)