Commodities

The USD Index (DXY) declined from recent highs during the week’s bearish opening, although it continued to trade over the 104.00 mark. The Conference Board’s tracking of US Consumer Confidence, together with the FHFA’s House Price Index and Durable Goods Orders, will be the main topics of interest on March …

Official delegates said on Monday that OPEC as well as the larger OPEC+ see no need to adjust or suggest a change of the oil production policy that is currently in place during the looming the Joint Ministerial Monitoring Committee meeting for March. OPEC and allies chose to voluntarily decrease …

At the beginning of the week, oil prices surged by more than 1.30%, with WTI Oil finding support at $80.63. The US Dollar Index is a little weaker but still trades above 104.00. Russia faces issues from sanctions and drone attacks from Ukraine on Russian refineries and storage facilities, while …

Oil Prices Inch Up Amid Global Supply Concerns Early Asian trading on Monday saw a modest rise in oil prices, driven by mounting worries over global supply shortages amidst escalating conflicts in the Middle East and the ongoing Russia-Ukraine war. Additionally, a decline in the number of American oil exploration …

Global inflation-linked concerns, lest it should return to the previous highs, continue to reveal themselves in the context of the precautionary rhetoric adopted by major central banks worldwide. In practice, monetary policymakers have announced, through formal decisions, their intention to keep interest rates “higher for longer”, an important tool, until …

Gold has been declining since the beginning of daily trading on Friday, under pressure from the rise in the US dollar, which continues to benefit from the positive US data that was released on Thursday.The US manufacturing PMI rose to its highest level in three years this March. US home …

Oil prices found stability on Friday, with Brent crude hovering above the $85 per barrel mark, buoyed by growing optimism about a potential ceasefire in Gaza. Brent crude futures remained virtually unchanged at $85.76 per barrel, while US West Texas Intermediate crude futures edged up slightly to $81.08 per barrel …

Oil prices dipped on Friday amidst speculation of an imminent ceasefire in Gaza, potentially easing geopolitical tensions in the Middle East. Additionally, a stronger dollar and subdued U.S. gasoline demand weighed on market sentiment. Brent crude futures edged lower by 53 cents, or 0.6%, to $85.25 a barrel, while U.S. …

As investors continued to process the most recent FOMC meeting and the prospect of three rate reduction by the Fed this year, risk aversion made a comeback on Thursday across markets and traded assets, giving the dollar additional impetus. Apart from that, the BoE maintained rates and hinted at potential …

On Thursday, the price of gold fell again, giving up some of its previous gains. The US dollar strengthened and US Treasury yields increased throughout this decline. The market’s change was influenced by the Federal Reserve’s decision on monetary policy on Wednesday. Even if the Fed recognized a robust economy …