0.0 00 Sentiment in the Asian and Pacific Rim soured headed into Friday’s session. This pushed regional indices lower. Reports have surfaced that a possible vaccine for the Covid-19 pandemic has failed. The Asian benchmark in …
Read More »Dollar is on Track for a Weekly Gain
0.0 00 The almighty U.S. dollar is on track for its best week since early April as Forex traders head into Friday’s trade session. Traders are unnerved about the cratering crude oil prices and the weakness …
Read More »Gold Jumps almost 2% on Wednesday
0.0 00 Gold futures contracts jumped nearly 1.9 percent overnight by the end of the North American trade session on Wednesday. Traders are monitoring fresh stimulus measures out of the United States to insulate against the …
Read More »Crude Oil Recovers some of its Losses
0.0 00 On Wednesday, crude oil jumped over forty (40) percent as the black gold recovered some of its losses from a volatile week. The oil futures contracts still remain on the back foot and trading …
Read More »Asian Sentiment Sours as Oil Prices Fall
0.0 00 In the Asian region, during Wednesday morning, sentiment remained poor as traders watched the U.S. West Texas Intermediate (WTI) crude oil futures contract continue to fall lower. The WTI contract has managed to claw …
Read More »Dollar Gains as Commodity Currencies Suffer
0.0 00 The U.S. dollar, the world’s most liquid currency, gained ground across the board against most of its Forex partners. Currency traders were fleeing into safety as the price of the U.S. West Texas Intermediate …
Read More »Asian Markets follow Crude Lower
0.0 00 The Asian and other regional financial indices were trading lower on Tuesday. Traders are worried about the collapse with the U.S. WTI crude oil contract and with reports that North Korea’s leader Kim Jong-Un …
Read More »Crude Oil Collapses as WTI Trades at -$34.46
0.0 00 Crude oil futures contracts plummeted on Monday. The front end U.S. West Texas Intermediate (WTI) spot oil contract cratered. This contract was down over 100% to trade in the negative for the first time …
Read More »Asian Markets Mixed as the PBOC cuts Rates
0.0 00 The Asian and Pacific Rim financial markets are mixed as they enter the afternoon on Monday. This morning the Peoples’ Bank of China (PBOC), their central bank, cut their benchmark lending rate to support …
Read More »Gold Firms on US Economic Woes
0.0 00 Gold futures contracts fell lower Monday, during the early Asian trade session. Traders are watching the U.S. dollar inch higher as traders remain hopeful that the world’s largest economy will soon reopen from their …
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