The U.S. Dollar (USD) rose on Thursday against safe-haven currencies, such as the Japanese Yen (JPY) and the Swiss Franc (CHF), supported by the increase in Treasury yields. The USD/JPY pair is up for the day by 0.57%, trading at 107.620. The pair has been moving today in a range …

Natural gas inventories in the United States decreased by 98 billion cubic feet (bscf) last week, data by the U.S. Energy Information Administration (EIA) showed on Thursday. The decline in natural gas supplies came below market expectations that pointed to a drop of 137 bscf for the week ending on …

Factory orders in the United States increased by 2.6% in January, data by the U.S. Census Bureau showed on Thursday. The reading exceeds that of market expectations, as a recent Dow Jones and Wall Street Journal poll of market experts expected a 2.3% increase in factory orders. The manufacturing sector …

The United States Federal Reserve’s Beige Book for February 2021 showed that overall economic activity expanded modestly from January to mid-February for most districts, which reflected in improved business confidence, as most businesses remain optimistic regarding the next 6-12 months. The optimism is driven by the rollout of Coronavirus vaccines, …

Oil prices rose on Wednesday, despite the strong surge in crude inventories in the United States, supported by expectations that OPEC+ could be extending output cuts until the end of April. Recent reports suggested that the Organization of the Petroleum Exporting Countries (OPEC) and other major producers that form an …

Gold prices declined on Wednesday, closing at their lowest level in about nine months, amid the rise of Treasury yields and the U.S. Dollar (USD). The yellow metal futures for April delivery closed lower by $17.80, or 1%, at the level of $1,715.80 per ounce. This is the lowest finishing level …

European stocks showed a mixed performance on Wednesday, as markets continued to monitor changes in Treasury yields and new economic data that signal signs of recovery from the Coronavirus pandemic. The pan-continental STOXX Europe 600 index closed nearly unchanged, after rising earlier in the session by as much as 0.7%. …

Rising Treasury bond yields in Eurozone are not a reason for concern, according to the President of Deutsche Bundesbank, Germany’s central bank, Jens Weidmann. Weidmann, who also serves as member of the European Central Bank (ECB) Governing Council, said in a TV interview with Bloomberg on Wednesday that he “would …

Crude oil inventories in the United States surged by 21.6 million barrels last week, according to the weekly report of the U.S. Energy Information Administration (EIA) issued on Wednesday. The rise in oil supplies is much higher that what the market expected, as the S&P Global Platts survey expected an …

The President of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Wednesday that the United States economy loses trillions of Dollars every year due to racial and gender inequalities. Harker said that as the American economy recovers from the impact of the Coronavirus pandemic, it is essential to …