Gold takes back losses on China data

Gold takes back losses on China data

FXStreet (Mumbai) – Gold prices recovered from the lows to trade largely unchanged on the day after the data in China heightened concerns regarding the slowdown in the global economy. Safe haven demand back?The prices had dipped to a low of USD 1121.10/Oz levels before recovering to trade around USDSee Original Article

Australian regulator warns of Forex clones of ABS Group

Moreover, the websites are offering CFD and margin Forex services. Whereas Australia ABS Group has an Australian financial services (AFS) licence,
See Original Article

Market focus on global PMI’s and Draghi – Danske Bank

FXStreet(Delhi) – Research Team at Danske Bank, suggest that today focus will be on global PMIs and Draghi’s quarterly hearing in Brussels.Key Quotes“The euro area manufacturing PMI has so far held up during 2015 despite declines in both the US manufacturing ISM and Chinese Caixin PMI. NeverthSee Original Article

AUD/JPY drops on China data

FXStreet (Mumbai) – The AUD/JPY pair dropped in Asia on Wednesday, highlighting risk aversion in the markets after China data added to concerns of a slowdown in the world’s second largest economy. Supported at 84.00The pair printed a low of 84.02 before moving back slightly to trade around 84.30 lSee Original Article