The US Energy Information Administration’s February short-term energy expectations are indicating a decline of oil pricing over the next two years as well as a 50% drop in natural gas prices. In addition, the production of global liquid fuels is expected to get lower in 2023. Russia and China still …

The gold price retreats on Thursday and is trading at $1867.54 at the time of writing. The positive US economic data earlier on the day triggered the precious metal’s jump to fresh daily high at $1890.21. US Initial Jobless Claims underpinned XAU/USD, though the metal retreated those gainsUnemployment claims rose …

The Ten-year US Treasury yields have declined since the opening of daily trading on Thursday, affected by the decline in interest rate expectations after the emergence of fresh US employment data to denote a direct relationship between interest rate hike expectations and ten-year US Treasury yields. US Treasury yields for …

Trafigura suffers a $577 million loss on nickel shipments in what the company calls a systemic fraud. The commodities trading giant discovered some of the metal cargoes it bought were missing nickel. A full container of nickel, an expensive metal that is typically traded in large volumes, can be worth …

The Dow Jones Industrial Average gained 226 points, or 0.7%. The S&P 500 added 0.6%, while the Nasdaq Composite added 0.8% on Thursday. Disney shares gained more than 2% after the company posted smaller-than-expected subscriber losses along with earnings and revenue that beat estimates. The stock pared gains after CEO …

The GBP/USD pair trades around 1.2070, holding on to modest intraday gains. The Euro is one of the weakest rivals of the US dollar. The shared currency is trading at 1.0716 as ECB policymakers repeated their hawkish language. ECB’s Klaas Knot said that headline inflation appears to have peaked but …

US President Biden confirmed that relations with China have not taken a big hit. “We intend to compete completely with China but we are not seeking conflict, as that has been the case so far,” Biden said during a PBS interview late Wednesday.Biden’s comments join the recent statements from US …

US Treasury Secretary Janet Yellen said on Wednesday “Over the past two years, we have worked successfully to ease supply chain pressures, and that includes funding pop-up container yards and moving several ports to 24/7 operations.”“While inflation remained elevated, there were encouraging signs that supply-demand mismatches were easing in many …

The USD/CAD bulls are moving ahead despite Tuesday’s bearish close. The US Dollar has firmed on hawkish sentiment around the US Fed again versus seemingly dovish stance adopted by the Bank of Canada.. There is a 61.8% Fibonacci retracement level near 1.3350 below the neckline near 1.3380. However, given that …

An account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on January 25, 2023 was released on Wednesday as follows:“Members framed the decision along two dimensions: • whether to leave the policy rate where it was or to increase it by 25 …