Gia Vang Live

Agencies force firms to declare taxes online

Although it is not compulsory for companies to declare taxes online instead of physically going to the tax offices, some tax agencies have reportedly forced them to do so by threatening that they will otherwise inspect their operations. H., director of a commercial company based in Ho Chi Minh City’s District 1, said she was […]

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Gold prices steady on hopes for U.S. fiscal talks

Gold traded steady on Tuesday following its biggest one-day rise in two weeks, supported by hopes of a U.S. solution to its fiscal problems and Middle East tension, but weighed down by a firmer dollar as a result of France’s rating downgrade. Financial market sentiment has improved in the past two days after U.S. lawmakers […]

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Dollar Weak on Positive US Fundamentals & Hopes for Greece

The US dollar was soft at the beginning of today’s trading session on hopes that Greece will receive an aid after all. The positive fundamental data from the United States added to the weakness of the greenback. The currency trimmed its losses though and may yet rebound. The leaders of the European Union are meeting today and investors hope that the summit will bring clarity to the situation with Greece. Many analysts do not believe that […]

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Yen May Find Little Support as Stimulus Efforts Weigh

The U.S. dollar traded slightly higher versus the Japanese yen as the monetary base – the amount money in circulation plus deposits at the BoJ – increased by 10.8 percent in October highlighting the central bank’s efforts to stimulate the Japanese economy while attempting to reach a one percent inflation target. During the monetary policy […]

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Gold edges down ahead of US jobs data

Gold edged lower on Friday, with investors waiting for a key U.S. employment report later in the day to provide further clues on the health of the world’s top economy. All eyes are on the U.S. nonfarm payrolls data, which is expected to show a pickup in jobs growth, although the unemployment rate may still […]

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Koruna Firm Even as Czech Central Bank Cuts Repo Rate to Record Low

The Czech koruna remained firm even after the nation’s central bank cut its key two-week repo rate to the record low. The central bank predicted that the economy will contract this year, but will return to growth next year. The Czech National Bank lowered its main interest rate by 20 basis points to 0.05 percent. An interest rate cut was expected only by minority of the market analysts and and even they expected a decrease […]

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Singapore Says It Will Allow Appreciation of Currency

The Singapore dollar advanced today as the government surprised traders, saying that it will allow the currency to gain. The currency also gained on the general risk-positive sentiment of Forex traders. The Monetary Authority of Singapore stated that it will allow a modest and gradual appreciation of its currency to rein inflation. Previously, traders were worried that policy makers will attempt to curb gains of the SGD. Additionally, Asian currencies were stronger today after yesterday’s positive […]

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Euro Gets Boost from Peace Prize, IMF Comments

Euro is getting a boost today, thanks to the return of risk appetite, as well as news regarding interesting developments in the eurozone. The 17-nation currency is up pretty much across the board against its major counterparts today.   Risk appetite has put in an appearance today, and that is helping high beta currencies like the euro. Even though gold prices are lower, euro is still finding some support […]

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Technical Setups Suggest Stronger Stock Market and Weaker US Dollar

SPX 500 Daily Prepared by Jamie Saettele, CMT   Observation: The SPX 500 traded to 20 day lows for the first time since June 4th and the first time since April 10th when succeeding 20 day highs. The momentum profile remains constructive with daily RSI correcting from above 70 to just below its midpoint. Structural support and […]

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Sudan exports refined gold for the first time

Sudan will start exporting refined gold for the first time next week, hoping revenues from a new gold refinery will help offset economic damage from lost oil income. Sudan will export 100 kg of gold worth $5.6 million, the first cargo since starting a gold and silver refinery in September, state news agency SUNA said late on Thursday. The government […]

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