USD/JPY bulls tiring ahead of critical recovery target?

USD/JPY has been in recovery in the opening of Tokyo fro the downside that kicked off the day in early Asia when the Yen rallied amidst risk aversion. The weekend news was the G20, and while the outcome suggested that markets are making a worse situation of the global economy than what it really is, there remain big concerns over the EU and subsequent ramifications for Global markets. Mervyn King, former BOE Governor, was reported...

Oil Trades Near $33 as U.S. Explorers Idle More Rigs Amid Glut

Oil traded near $33 a barrel as U.S. drillers cut the number of active rigs to the lowest level in more than six years amid a global glut. Futures gained 0.4 percent, trimming a fourth monthly drop. Rigs targeting oil fell by 13 to 400, the lowest since December 2009, according to Baker Hughes Inc. That is the 10th week of declines. Hedge funds and other speculators increased net-long positions in West Texas Intermediate futures and...

Asian Stocks Rise as Japanese Equities Gain After G-20 Meeting

Asian stocks rose as Tokyo shares rallied for a third day and Group of 20 leaders pledged to use fiscal policy to strengthen growth and job creation. The MSCI Asia Pacific Index gained 0.4 percent to 120.08 as of 9:09 a.m. in Tokyo.  Investors are looking for clues as to the strength of the global economy after finance chiefs from the world’s top economies committed their governments over the weekend to doing more to boost...

Japanese Stocks Rise Third Day as Weaker Yen Boosts Exporters

Japanese stocks rose for a third day after a weaker yen boosted the earnings outlook for exporters and as investors digested the Group of 20’s statement on the global outlook. The Topix index rose 1 percent to 1,324.30 as of 9:04 a.m. in Tokyo, with all but four of its 33 industry groups climbing. The Nikkei 225 Stock Average jumped 1 percent to 16,343.55. The yen traded at 113.74 per dollar, after dropping 0.9 percent on Friday. Policy...

Hong Kong shares up 2 pct as China rebounds, G20 meeting eyed (Review)

Hong Kong shares rose more than 2 percent on Friday, buoyed by a rebound in mainland China markets that prompted investors to hunt for bargains after losses in the previous session.The Hang Seng index surged 2.5 percent to 19,364.15 points, its best day in nearly two weeks.For the week, it gained 0.4 percent despite a loss of more than 3 percent for China's main benchmark indexes.The China Enterprises Index ended up 2.1 percent in the biggest...