US equities are trading broadly higher on Thursday, as stocks in the region track gains seen in Europe and, before that, Asia markets are the PBoC on Thursday took further steps to ease monetary policy. The Chinese central bank cut its one-year loan prime rate to 3.7% from 3.8% and …

The GBP/USD pair has maintained choppy performance on Thursday with the US dollar seeing a mixed reaction to weaker than expected initial jobless claims and housing data, though the pair has for the most part remained well supported to the north of the 1.3600 level. At current levels in the …

On Thursday, gold price is trading almost unchanged on the day around 1,843, as it fades its uptick from fresh two-month highs of $1,848. The latest leg down in gold price could be associated with a tepid bounce seen in the US Treasury yields, which helps put a fresh bid …

The EUR/USD pair is holding the lower ground below 1.1350, as the US dollar attempts to bounce in tandem with the Treasury yields amid a risk-on mood.The sentiment on Wall Street improved dramatically, in anticipation of the corporate earnings reports. That fueled a fresh selloff in the US Treasuries, which …

Front-month WTI futures have leapt above their previous intra-day USD 85.00- 86.00 per barrel trading range to hit highs in at USD 87.00 in recent trade and, at current levels near USD 86.50, now trade back in the green territory on the day. WTI crude oil still trades about USD …

Inflation in the Eurozone climbed to a rate of 5% in December, the highest level since the single Euro currency was created. Inflation in the Eurozone climbed to a rate of 5% in December, the highest level since the single European currency was created. According to the latest figures from …

The US dollar Index (DXY), now alternates gains with losses around the 95.60 region. After bottoming out in the vicinity of the 95.40 level, the index managed to regain some composure and trim its earlier losses.The knee-jerk reaction in the buck, in the meantime, looks underpinned by another negative performance …

Demand for the US dollar eased on Wednesday, with the American currency edging lower against most major rivals. Losses were limited across the major currencies, with gold outstanding amid rallying beyond $1,840 an ounce, its highest since last November.US Treasury yields inched higher at the beginning of the day to …

Operating on a one-day delay due to the U.S. holiday, the American Petroleum Institute (API) estimated the inventory build this week for crude oil to be 1.404 million barrels after analysts predicted a draw of 1.367 million barrels.U.S. crude inventories shed some 74 million barrels since the start of 2021, …

During a news conference in the East Room of the White House in Washington, D.C., US President Joe Biden on Wednesday said it is appropriate for the Federal Reserve to recalibrate the support it provides to the US economy, given the strength of the recovery and recent price increases.“Given the …