Tuesday’s closing price of WTI crude oil was $81.18 per barrel, the lowest in two months, as concerns over a growing war faded and traders’ focus was largely directed towards the recent economic data out of the Eurozone.Tuesday saw an improvement in oil prices as investors became less concerned about …
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The EUR/USD pair is presently trading below 1.0600, having retreated from a weekly high of 1.0675. The Eurozone released mixed economic data in October, with GDP declining by 0.1% in Q3 but inflation falling to 2.9% in the same month.ECB officials maintain that more tightening is possible, with Joachim Nagel …
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US Treasury bond yields have been declining since the beginning of trading on Wall Street, affected by investors’ attempts in the markets to digest the latest US economic data, in addition to anticipation of the Federal Reserve’s meeting on Wednesday.Ten-year US Treasury bond yields fell to 4.873%, compared to the …
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The DXY Index advanced to 106.70 ahead of the Fed’s interest rate decision on Wednesday, indicating that the US dollar is strengthening. The US economy proved remarkably resilient in the face of tightening measures, which contributed to the strengthening of the Greenback. While the S&P Dow Jones Indices reported that …
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European Central Bank policymaker Joachim Nagel noted on Tuesday that inflation in the Eurozone has fallen significantly but added that it was still too high, per Reuters.The EUR/USD pair stays under bearish pressure despite these hawkish comments and was last seen losing 0.45% on the day at 1.0565.Key Quotes“We must …
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The price of gold exceeded the $2000 level again for the first time in five and a half months last Friday. Observers and economic analysts are keen to analyze the expectations of the yellow metal, which at the time of writing is trading around $1994 per ounce.Analysts believe that gold …
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OPEC oil production rose for the third straight month in October, supported by production increases in Nigeria and Angola despite ongoing cuts from Saudi Arabia and other members of the broader OPEC+ alliance aimed at supporting the market, a Reuters survey showed on Tuesday. The survey showed that OPEC pumped …
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European shares rose on Tuesday, led by real estate and chemicals shares, as investors weighed a batch of economic data, while BP’s weak third-quarter earnings weighed on the energy sector. By 0826 GMT, the European STOXX 600 index rose 0.2 percent, but was heading for its worst monthly performance since …
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Japan’s Nikkei index rose on Tuesday after the Bank of Japan increased flexibility in controlling the yield curve while maintaining its stimulus policy. The Nikkei index closed 0.53 percent higher at 30,858.85 points. The broader Topix index rose 1.01 percent. Financial sector stocks recorded the largest gains, as the insurance …
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Oil prices rose in Asian trading on Tuesday, after falling more than three percent in the previous session, as concerns about supplies sparked by the conflict in the Middle East overshadowed weak Chinese data. By 0305 GMT, Brent crude futures for December, which expire on Tuesday, rose 36 cents, or …
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