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The US dollar sat near its lowest level in three years against riskier currencies on Thursday, February 25th, as signs of a continued easing of monetary policy by the US Federal Reserve sparked trading in assets that are rising thanks to the improvement in the economic cycle. The US currency …

Oil prices rose on Wednesday to their highest in 13 months after US government data showed that crude production fell due to freezing weather last week. The US production of crude oil fell by more than ten percent last week, equivalent to one million barrels per day, in the midst …

New US home sales increased more than expected in January, supported by record low mortgage rates and a severe shortage of existing homes for sale. The US Commerce Department report on Wednesday shows continued housing market support for the economy’s recovery from the COVID-19 recession. But momentum may ebb in …

The U.S. Dollar (USD) declined on Wednesday after fluctuations, amid a rise in Treasury yields, the market reacting to the approval of a new Coronavirus vaccine, as well as the testimony of the Federal Reserve Chair Jerome Powell in front of the House of Representatives. The Dollar Index (DXY), which …

Oil prices rose on Wednesday to their highest level in 13 months, despite data showing an increase in crude inventories in the United States last week. However, the U.S. Energy Information Administration (EIA) reported showed that distillate stockpiles registered a large decline. In addition, output disruptions in Texas, due to …

The New York Stock Exchange (NYSE) closed higher on Wednesday, supported by the approval of the  Johnson & Johnson’s vaccine for emergency use in the United States. In addition, the market was supported by the remarks of the United States Federal Reserve Jerome Powell in his testimony to the House …

Treasury yields in the United States continued to rise on Wednesday but gave up their record high levels seen earlier today, following remarks by the Federal Reserve Chair Jerome Powell. Selling pressure of long-term debt instruments continued amid concerns about a rise in inflation, however, Powell delivered a calming message …

Gold prices declined on Wednesday for the second consecutive session, losing the important $1,800 support level. The decline in the yellow metal prices came amid a continuous rise in the U.S. Treasury bond yields that reached their highest level in about a year. Gold futures for April delivery declined by …

Chairman of the United States Federal Reserve, Jerome Powell, told the House of Representatives that the Fed will only raise interest rates when the economy achieves the employment and inflation targets. In his testimony to the House Financial Services Committee, Powell said that the Fed is in no hurry to …

Bitcoin returned to gains on Wednesday, following a steep decline on Tuesday that erased all of its weekly gains. The world’s largest cryptocurrency is up by 4.67% at $49,580.6, reducing its losses during the past seven days to 3.34%. Earlier today, the digital currency exceeded the $50,000 level. Square, a …