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The gold price is stuck within familiar ranges, bouncing around between a daily resistance and support channel. However, like a coil, the build-up of energy and maintained force could be about to set off an almighty breakout, one way or the other. The Gold Index, XAU/USD, is trading at $1,934.09, …

The Euro is almost flat in the North American session after reaching a daily high at 1.0938, courtesy of hawkish than expected European Central Bank (ECB) March meeting minutes, despite broad risk aversion in the market. Nevertheless, of late, the EUR/USD dipped below the 1.0900 mark and is trading at …

St Louis Fed President James Bullard on Thursday said that he would like to see the Federal Funds rate hit 3.5% in the second half of 2022, reported Reuters. Bullard said he would “lean into” a 50 bps rate hike at the May meeting, though he is watching the data. …

Russian oil and coal purchased in yuan will arrive in China soon. China and Russia are attempting to maintain energy trade even while other nations cut off Russian imports. In May, the first cargoes of Russian oil purchased in yuan will arrive at refiners in China. China is buying Russian …

The S&P 500 Index has come under pressure over the past couple of sessions, however key support at 4455/50 is still holding for now. Only a break below the current level would turn the short-term risks back lower in the range, according to analysts at Credit Suisse.S&P 500 is holding …

There were 166,000 Initial Jobless Claims in the US in the week ending on 2 April, the latest release from the US Department of Labour on Thursday showed, a record low.That was well below the median economist forecast for a reading of 200,000 and a steep drop from the prior …

The dollar is set to hit a two-year high against a basket of major currencies on Thursday after the Federal Reserve’s meeting minutes revealed that the US central bank was preparing to act aggressively to combat inflation, while commodity-linked currencies fell. The euro remained near a one-month low of less …

Japan will withdraw 15 million barrels of state and private oil reserves as part of the second round of a coordinated withdrawal process led by the International Energy Agency, Kyodo News Agency said on Thursday. Kyodo said the move would mark Japan’s largest-ever contribution to the process led by the …

Eurozone’s Retail Sales rose by 0.3% MoM in February versus 0.6% expected and 0.2% last, the official figures released by Eurostat showed on Thursday. On an annualized basis, the bloc’s Retail Sales came in at 5% in February versus 8.4% recorded in January and 4.8% estimated.

The healthcare sector helped European shares on Thursday recovered from a session that saw their worst performance in a month, even as investors remained wary of the Fed’s tightening minutes and Washington’s new sanctions against Russia. The pan-European Stoxx 600 index rose 0.5%, after losing 1.5% in the previous session. …