WTI managed to trim some of its 9% losses attained during the week and reclaimed the $73.00 mark. Recessionary fears sparked by weak PMI readings in China and the US dampened oil investors’ appetite.The US crude oil benchmark, rebounds around month lows of $72.50 per barrel and climbs above the …

Natural gas futures touched fresh levels in the green territory marking the first gain in 2023, amid estimates for a massive storage withdrawal report. After dropping 48.7 cents on Tuesday, and closing below $4.00, the February Nymex natural gas futures contract on Wednesday gained 18.4 cents day/day and settled at …

The US Dollar sharply surges on the back of fresh US economic data, so far the Dollar Index has hit highest in almost one month. The USD/CAD pair rebounds from 1.3475 toward 1.3600 ahead of the awaited US and Canadian employment reports on Friday. The USD/CAD is up on Thursday …

After US ADP Employment Change crushed estimates, while unemployment claims missed estimates, foreseeing a solid US Nonfarm Payrolls report, the Australian dollar loses ground against the US counterpart. After economic data revealed in the United States confirming a robust labour market, traders’ speculations augmented that the Fed would continue tightening …

The EUR/USD pair’s upside momentum faltered once again around 1.0530. The breakout of that resistance could lead up to a test of 1.0713. The EUR/USD pair gives away initial gains and sinks in the red territory below the 1.0500 support on Thursday. The constructive outlook for EUR/USD should remain unchanged …

On Wednesday, the dollar sharply edged lower across the board. However, losses were uneven, with the Australian dollar among the best performers and the Euro  at the bottom of the list. The International Monetary Fund’s managing director said a third of the world’s economies could slide into a recession in …

The S&P 500 was up a modest 0.1% in the afternoon, falling from a session high of more than 1% after minutes came in more hawkish than anticipated. The Dow Jones Industrial Average fell 0.2%, and the technology-heavy Nasdaq Composite was roughly flat.US stocks wobbled in back-and-forth trading Wednesday as …

Gold reacted downwards towards the low $1,840s on the release of the awaited FOMC minutes as US monetary policymakers seem not to expect to cut rates in 2023, Policymakers did not express the size for further rate hikes, either. Gold price clings to gains around $1850 following the release of …

All the Fed’s policymakers during December 13-14 policy meeting agreed the US central bank should slow the pace of its hawkish interest rate hikes. This was meant to allow policymakers the opportunity to continue increasing the cost of credit with the aim to control inflation but in a gradual manner …

The Federal Open Market Committee released the Minutes of the December 14-15 Meeting, spurring little action across the major assets. The US Dollar was little changed with the news, although US short-term interest-rate futures dropped. Key Quotes Most participants welcomed inflation easing in October and November but agreed it would …