Brent crude futures fell $1.45, or 1.5%, to settle at $98.15 a barrel, while US West Texas Intermediate (WTI) crude fell $2.25, or 2.4%, to settle at $92.09 a barrel. Both contracts gained more than 2% on Thursday.Oil prices plunged around 2% on Friday, on expectations that supply disruptions in …

Since launching in 2011, Gogorohas grown into an EV battery swap leader. Gogoro released its Q2 earnings results yesterday, signaling a cautious but optimistic road ahead in the second half of 2022. Today, Gogoro offers one of the world’s most extensive battery swapping networks. In fact, over the past six …

The dollar index on Friday rose by +0.58% and recovered mildly from Wednesday’s 5-week low. Still, the dollar closed -0.9% lower on the week. The dollar on Friday saw support from the stronger-than-expected US consumer sentiment report. However, there was carry-over bearish sentiment for the dollar based on the favorable …

week as investors warm to cooler inflationStocks rose sharply on Friday, clinching the fourth straight positive week for the S&P 500 as investors celebrated signs that inflation may be peaking. The Dow Jones Industrial Average added 424.38 points, or 1.27%, to close at 33,761.05. The S&P 500 gained 1.73% to …

US data revealed, Friday morning, lifted the USD/CAD above its 100-DMA when the University of Michigan showed that the US Consumer Sentiment improved from 52.5 as estimated to 55.1, reaching a three-month high. That is very good news for the Federal Reserve policymakers; however, US inflation expectations for a 5-year …

Gold prices drifted higher on Friday helped by a drop in U.S. Treasury yields and setting the metal on path for a fourth straight week of gains, as investors took stock of the recent inflation data out of the United States.Gold rose 0.5% to $1,798.86 per ounce by 1800 GMT …

Fortuna Silver released its Q2 results this week, reporting quarterly production of 1.65 million ounces of silver and 62,200 ounces of gold, translating to a meaningful increase in revenue. However, with the impacts of provisional pricing adjustments, an inventory write-down, inflationary pressures, and weaker silver prices, earnings were down sharply …

The Russian GDP from April through June declined 4 percent over last year according to new government data. Russia’s economy contracted in the second quarter as the economic consequences of its war in Ukraine took hold.The economy shrank 4 percent from April through June compared with a year ago, the …

The EUR/USD pair hesitates to hold above 1.0300, preparing to finish the week with gains of just 0.21%. US Consumer Sentiment rises to a three-month high, while inflation expectations remain mixed.EU’s Industrial Production surprised to the upside, but recession is still looming. The pair could not hold to its two-day …

Data released on Friday showed a rebound in Consumer Confidence in August according to the University of Michigan’s preliminary report. Analysts at Wells Fargo point out the relief comes amid a modest bounce in consumer sentiment from what was an all-time low in June. They take little solace in the …