0.0 00 Gold futures contracts eased during the Asian trade session on Wednesday. Traders are monitoring Covid-19 (coronavirus) pandemic news as well as a stronger U.S. dollar. There are reports that the rate of infection in …
Read More »Asian Markets Gain on Covid-19 News
0.0 00 The Asian and Pacific Rim markets were broadly higher after Japan announced a stimulus plan to insulate their economy against the Covid-19 pandemic. There are signs that the spread of the pandemic is slowing …
Read More »Pound on Defensive as PM Johnson is in ICU
0.0 00 The British pound is on the defensive against both the U.S. dollar and the euro after Prime Minister Boris Johnson was moved to intensive care. His Covid-19 symptoms have worsened. The almighty U.S. dollar …
Read More »Asian Markets Gain as OPEC Delays its Meeting
0.0 00 The Asian markets were broadly higher on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and non-member nations led by Russia decided to postpone Monday’s meeting to later in the week. The …
Read More »Gold Firms on Dismal US Labor Data
0.0 00 Gold futures contracts moved higher during the Asian trade session on Monday during the Asian trade session. Traders were and are digesting dismal non-farm payroll (NFP) data released last Friday for the month of …
Read More »Dollar Trades Quietly before the NFP
0.0 00 The U.S. dollar is on track for a weekly gain of two percent during the Asian trade session on Friday. The dollar was boosted by a surge in oil prices and traders running into …
Read More »Crude Oil Falls as Doubt sets in about the “Deal”
0.0 00 Crude oil futures contracts pared some gains during the Asian trade session on Friday. Both oil futures contracts, the international Brent and the U.S. West Texas Intermediate (WTI) saw their biggest one day gains on …
Read More »Crude Oil Surges on Trump’s Comments
0.0 00 Crude oil futures contracts surged during the Asian trade session on Thursday. This comes after U.S. President Donald Trump said that he expects Russia and Saudi Arabia to reach a deal to settle their …
Read More »Dollar Holds onto Gains as Traders Worry
0.0 00 The U.S. dollar held onto its gains made on Wednesday as Forex traders looked for safety. They bought the world’s most liquid currency, the almighty dollar as sentiment continues to remain sour. This comes …
Read More »European Markets Point to Rough Open
0.0 00 European markets are poised to open Wednesday morning in the red. Traders are digesting comments, about the Covid-19 death toll, out of the United States made by President Donald Trump overnight. European traders will …
Read More »