0.0 00 The price of US spot gold (XAU/USD) moved lower during Asian trade hours after hitting a fresh monthly high yesterday. The US dollar moved higher ahead of the monetary policy meeting of the Fed’s …
Read More »Google’s Parent Alphabet Beats Q2 Earnings
0.0 00 Alphabet Inc. (Nasdaq: GOOG) has easily beat the top and bottom line estimates, just now, when they announced the financial results for the second quarter. This is the financial quarter that ended June 30, …
Read More »OPEC Pushes the Price of Crude Oil Lower
0.0 00 The price of US WTI crude oil took a tumble during the Asian trade hours Monday morning. News from the oil tanker magnate, Petro Logistics SA said that the Organization of the Petroleum Exporting …
Read More »Gold Hits a 4 Weak High as the US Dollar Falters
0.0 00 This morning, spot gold (XAU/USD) moved higher to a four week high. Gold fund support from weaker equities and a major slump in the US dollar which hit a fresh 13 month low. The …
Read More »The Yen shrugs off a Small Deluge of Economic Data
0.0 00 This morning, the island nation of Japan, the world’s third largest economy and a regional economic powerhouse, released two pieces of key economic data. As a result, the Japanese yen held steady against many …
Read More »Gold Prices get a Boost from the ECB Monetary Decision
0.0 00 Yesterday’s European Central Bank (ECB) monetary policy decision supported the price of spot gold (XAU/USD). The ECB, as expected, struck a broadly dovish tone. ECB President Mario Draghi forcefully asserted that the Eurozone needed …
Read More »Australian Dollar takes a Hit as RBA Speak Dampens a Rate Hike
0.0 00 The Australian dollar, specifically the AUD/USD Forex market took a beating this morning. Reserve Bank of Australia Deputy Governor Guy Debelle, speaking at a conference, pushed back against investors’ expectations that local interest rates …
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