According to the COMEX, gold futures for October were traded at $ 2056.00/ounce, down 0.12%. It was previously traded lower at $2044.80/ounce. Gold may find support at $1963.50 and resistance at $2072.75. The dollar index, which measures the performance of the greenback against a basket of six other major currencies, …
Read More »FX Option Expiries for Aug 7 NY Cut
FX option expiries for Aug 7 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1750 517m1.1850 1.1bn1.1900 1.5bn1.1925 594m1.2000 568m – GBP/USD: GBP amounts 1.3000 425m – USD/JPY: USD amounts 104.25 388m104.50 400m105.00 481m105.50 792m105.80 750m106.00 485m107.00 668m – USD/CAD: USD amounts 1.3180 …
Read More »Saudi Arabia Announces Crude Selling Prices For September
A document obtained by Reuters appeared that the giant Saudi National Oil Company Aramco announced on Thursday the official selling prices for the month of September for its light Arab crude. Saudi Arabia set the official selling price for its Arab Light crude to Asia at a premium of $ …
Read More »Gold Hits a Fresh Record High
Gold rose at the start of the American session and rose to new highs around the $ 2064-65 area in the last hour. The metal built on breach of a key psychological level of $ 2000 this week and gained some momentum to continue the third straight session on Thursday. …
Read More »Bitcoin is Rising Alongside Other Cryptocurrencies
The cryptocurrency, Bitcoin, has been dropping since the beginning of Thursday’s session and trading at a drop of about 0.61%, or nearly $ 70, to reach 11,680, down from the $ 11,814 levels reached the beginning of the Asian session. It is possible that Bitcoin’s increase in price during the …
Read More »1.18M Americans Applied For Unemployment Benefits Last Week
There were 1,186,000 Initial Claims for unemployment benefits in the US during the week ending August 1st, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous week’s print of 1,435,000 (revised from 1,434,000) and came in better than the market expectation …
Read More »Silver to The Highest Levels in 7 Years
Silver prices are recording strong gains against the US dollar during the last hours, to test the highest levels since April 2013, with a record rise in gold, along with global tensions and the uncertainty that dominates the market. Silver traded at 12:00 GMT, up 4.55% to $ 28.22 an …
Read More »Global Food Price Index Rises in July
The United Nations Food and Agriculture Organization (FAO) said on Thursday that global food prices rose in July, led by vegetable oils, dairy products and sugar, to continue recovery from the previous month, which came after sharp declines caused by the pandemic. The FAO Food Price Index, which measures monthly …
Read More »USD/CHF Near Multi-Year Lows
The USD / CHF fell in the European session and moved to the lower end of the daily range around the 0.9080 area. After rising to levels above 0.9100, the pair faced some new offers and sailed to the negative zone for the third consecutive session on Thursday. However, a …
Read More »European Stocks Fall After BOE Forecast
European stocks fell on Thursday after the Bank of England forecast; the economic recovery to be slower after the pandemic, which affected the London stock markets. The pan-European STOXX 600 index slipped 0.3%, with London’s FTSE 100 falling 1.4%. After seeing a rally in the previous session on the back …
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