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Oil prices experienced a notable uptick of more than two percent on Friday, fueled by optimistic US data that bolstered expectations for increased demand. Despite this positive development, both Brent crude and US West Texas Intermediate (WTI) crude prices faced their seventh consecutive week of decline, marking the lengthiest series …

Gold price retreated below $2,000 for the first time since November 24, extending losses to 0.50%. The XAU/USD pair is trading at $1996, after hitting a daily high of $2034.00. The decline follows the latest US employment report, which showed the labor market is improving, with the economy creating 199K …

Germany’s 10-year yield fell 7.5 basis points to 2.272%, marking its biggest biweekly fall since mid-March. The US economy added more jobs than expected last month, dampening expectations for rate cuts from the Federal Reserve early next year. The Labour Department reported that non-farm payrolls rose by 199,000 in November, …

The US Dollar Index has soared to the 104.05 mark, driven by positive labor market cues and a surge in yields, suggesting that markets are delaying rate cuts in 2024. The gains were fueled by economic reports from November, including Average Hourly Earnings, Unemployment Rate, and Nonfarm Payrolls, which collectively …

As voluntary production cuts are demanded by Russia and Saudi Arabia, oil traders are expecting a recovery in the oil market. Due to gloomy weather forecasts, natural gas is trading below $2.60, while WTI oil has pared some of its weekly losses and is moving closer to $71.50. As of …

The USD/JPY pair is recovering after a steep decline on Thursday, climbing four-tenths of a percent from the day’s opening bids and looking to pare back losses. The pair is up aroung 144.836, by +0.52% at the time of writing.The US dollar traded flat against the Japanese Yen through the …

After hitting a high of 4,606.31, which put it within one point of its 2023 peak, the S&P 500 stayed close to the flatline, while the Dow Jones Industrial Average gained 24 points, or 0.1%. 0.15% was added to the Nasdaq Composite. The unemployment rate unexpectedly decreased in November, from …

The Australian dollar (AUD) experienced a dip in its Friday trading session, trading lower at approximately 0.6580. The downward movement is attributed to robust American labor market data and escalating US yields, which drove demand to the US dollar. The US Bureau of Labor Statistics data showed an increase in …

According to data released on Friday by the Bureau of Labour Statistics, Non-farm payrolls rose by 199,000 following an unrevised 150,000 jump in October. Analysts were expecting a 180,000 increase.In November, the unemployment rate decreased slightly from 3.9% in October to 3.7%, defying predictions that it would stay the same.Average …

The top decision-making body of China’s ruling Communist Party said the country’s fiscal policy “should be moderately strengthened” to stimulate economic recovery, the state-run Xinhua news agency reported. The Politburo meeting held on Friday, chaired by Chinese President Xi Jinping, analyzed the economic work to be undertaken in 2024. The …