Forex Marketz Daily Forex News – Fully Markets Update
0.0 00 The price of light sweet crude oil, or US WTI crude shot higher this week. Comments from the de facto leader of OPEC, Saudi Arabia, were watched as the oil producing nation stressed its …
Read More »Crude Oil Prices wait on EIA Data
Oil Turns Higher after Comments from Saudi Arabia
0.0 00 The price of the US WTI crude oil contract moved higher during the Asian trade hours. There were comments from the leading OPEC oil cartel member, Saudi Arabia, for oil investors to digest. The …
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 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 »Gold inches Higher on Yellen’s Congressional Testimony
0.0 00 The price of spot gold (XAU/USD) inched higher as Federal Reserve Chair Dr. Janet Yellen spoke before the United States Congress. She stated that that the central bank will gradually tighten monetary policy. This …
Read More »Gold Likely to weaken further ahead of Yellen’s Testimony
0.0 00 There is not a lot of major economic news to drive the price of US spot Gold (XAU/USD) this week. This could lead to gold consolidating a bit. The yellow metal swung sharply lower …
Read More »Oil Looks to the World Petroleum Congress Today
0.0 00 The price of US WTI crude oil continues to fall lower. This comes despite a better than expected drawdown in US crude oil inventories. The EIA reported, yesterday, that US production rose to 9.34 …
Read More »Oil ends 8 Days of Price Gains ahead of the 4th of July
0.0 00 The price of crude oil futures fell lower during the Asian trade session. This snapped an eight day win streak. Oil was moving higher thanks to news that that the seemingly unrelenting rise in …
Read More »The Canadian CPI could force the BOC’s Hand
0.0 00 Central banks, including the Canadian Bank of Canada (BOC) are having a tough sell convincing investors they will hold up to their own end of the bargain, accommodative policy. This is inducing some trepidations …
Read More »Gold under renewed Pressure after the FOMC
0.0 00 The price of spot gold (XAU/USD) continues to retreat in the aftermath of the hawkish FOMC (Federal Open Markets Committee) monetary policy decision on Thursday. The US Dollar along wit Treasuries are rising. Looking …
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