The French finance minister pointed out that EU should take a stand towards the Brexit, noting that it can not wait indefinitely until UK makes a decision to leave the European Union while continuing to postpone unnecessarily and a strong cause other than disagreement in domestic political trends.
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Dollar recovers as treasury yields rises
The US dollar recovered from its lows and managed to reduce its several-day losing streak as Treasury yields rose. The US dollar index, which measures the value of the currency against six major currencies from a low of 96.50, has now traded near 97.00, and if it continues to rise it is expected to face resistance at 97.35. This comes at a time when markets are waiting for data on durable goods orders on Friday, hoping to show some improvement with the continued disappointing data in the control of the US economy recently.v
China disposed 1.4 trillion yuan of bad loans in 9 months
Huang Hong, vice-chairman of China's Banking and Insurance Regulatory Commission, said the country's banking sector dumped 1.4 trillion yuan ($ 197.97 billion) in bad loans from January to September.
Unpaid loans to small businesses by China's top five lenders reached 2.52 trillion yuan at the end of September, up 47.9% from the figure at the end of 2018, said Zhu Shumin, another vice chairman of the China Banking and Insurance Regulatory Commission.
DGCX Records Highest Average Daily Volumes
Total volumes on the Dubai Gold & Commodities Exchange (DGCX) this year hit 17,255,556 contracts at the end of September, with yearly Average Daily Volumes (ADV) at their highest ever, reaching 89,873 contracts per day.
Bullish vs Bearish Markets – What’s the Difference?
See what the difference between these two major market conditions is, and learn how to profit in both.
Best Time of Day to Trade Forex
Day and night activity and high liquidity is what makes forex trading so special, but when exactly is the best time to trade forex?
Trading vs Investing – What’s the Difference?
While both traders and investors search for profits in the global markets, there is quite a fundamental difference between the two. See which one's right for you.
How Long is the Forex Market Open? Forex Trading Hours Explained
Learn all about the forex market's hours of operation and the different global market sessions.
7 Most Important Lessons from Long-time Traders
Here are some of the most common realizations people come to after years of daily trading and contact with the ever-shifting markets, including the good, the bad, and the ugly.
5 Habits of the Successful Forex Trader
Do you have these five common habits that make successful traders win where others have lost?
