0.0 00 The almighty U.S. dollar kicked the week off, during Asian trade hours, fairly flat. Traders are waiting on new Federal Reserve Chair Jerome Powell’s first monetary policy FOMC meeting later in the week. There …
Read More »Crude Oil Traders worry about US Drilling Activity
0.0 00 Crude oil prices got off to a weak start this morning during Asian trade hours. Investors are worried about rising drilling activity in the United States which means more output. In turn this fuels …
Read More »Gold inches Lower on Firmer Dollar
0.0 00 Gold futures lost some ground to kick the week off during Asian trade hours. The U.S. dollar firmed a bit as traders are expecting the Federal Reserve Bank to raise interest rates by at …
Read More »Gold Remains Steady under Political Worries
0.0 00 Gold futures were holding relatively steady into Friday’s Asian trade session. There are ongoing political tensions between the United Kingdom and Russia, over the use of a chemical weapon attack on U.K. soil. This …
Read More »Crude Oil Stable on Solid Global Demand
0.0 00 Crude oil prices, during Asian trade hours this morning, were stables. The black gold was supported by solid and strong global demand. However prices were capped by the relentless rise in U.S. production. This …
Read More »Treasury Yields fall after Retail Data
0.0 00 Overnight, during North American trade hours, Treasury yields fell for the third day in row. Economic data, release on Wednesday, showed that retail sales shocking fell in February. This suggests that there is a …
Read More »Dollar falls lower on Trade Worries
0.0 00 The U.S. dollar was weaker this morning, during the Asian trade session, against the Japanese yen. The dollar is pulling away from a recently hit two week high. Forex traders are worried about increasing …
Read More »Dollar Wallows after Tillerson is Fired
0.0 00 The U.S. dollar was under pressure this morning against the yen and other Forex trading partners after the sudden firing of U.S. Secretary of State Rex Tillerson stopped off an earlier recovery of the …
Read More »Crude Oil Stabilizes after Declining for 2 Days
0.0 00 Crude oil futures were stabile during Asian trade hours. They had posted two straight days of losses to start the week off. Support for the black gold came from U.S. inventory data. Stock piles …
Read More »Gold Strengthens after Tillerson’s Firing
0.0 00 Gold prices moved higher overnight and were steady during the Asian trade session, this morning, thanks to a weaker dollar. Yesterday President Donald Trump fired Secretary of State Rex Tillerson. There was also consumer …
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