Technical forex report for August 24, 2015 by Veracity Financial Services
Posts tagged All News
Emerging assets hit new multi-year lows on China contagion (24-08-2015)
Contagion from China’s equity malaise spread across emerging markets on Monday, driving a 4 per cent tumble in the benchmark equity index, while currencies fell 1-2 per cent to multi-year lows aga…
Rate cuts not goodies, but natural result of low prices: Raghuram Rajan (24-08-2015)
Rajan also said that RBI is ready to deploy forex reserves to stem the market volatility amid the bloodbath
Euro, yen surge as risk aversion intensifies; Aussie at 6-year low (24-08-2015)
The euro hit a 6 1/2-month high and the yen hit a 1 1/2-month high against the dollar on Monday as investors dumped risk assets and flocked to currencies often seen as safe havens on fears about a…
Commodities markets tumble as investors dump risky assets on China weakness (24-08-2015)
Oil, coal, copper at 2009 peak financial crisis levels
Crude oil futures down 1.45% on weak Asian trend (24-08-2015)
Crude oil futures dived 1.45 per cent to Rs 2,717 per barrel today as speculators remaining engaged in offloading positions amid a weakening trend in Asian trade.At the Multi Commodity Exch…
Stock market wealth crashes below Rs 100-trillion mark (24-08-2015)
As a bloodbath hit the stock market, the total investor wealth crashed below the Rs 100 lakh crore mark today while wiping out more than Rs two lakh crore worth valuation within minutes after the…
Yuan dips as stocks slump but losses capped by central bank midpoint (24-08-2015)
China’s yuan weakened against the dollar on Monday, pulled down by a collapsing stock market, but the losses were capped by a stable central bank midpoint, traders said. China’s major stock…
Gold stands tall as China fears fuel safe-haven draw (24-08-2015)
Gold hovered near its highest level in almost seven weeks on Monday as worries over a slowing Chinese economy pushed investors away from risky assets and into those deemed as safe haven.
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