Commodities

Having started the day closer to 1.2550, and being on course to post on-the-day gains of about 1.0%, the USD/CAD pair is currently penetrating the 1.2700 level having rallied from the mid-1.2500s on Monday amid widespread losses for risk assets m meanwhile, safe-haven demand amid geopolitical tensions and amid pre-Fed …

Oil prices jumped on Monday as geopolitical tensions in Eastern Europe and the Middle East raised concerns about the outlook for oil supplies, while OPEC and its allies continued efforts to increase production. Brent crude futures rose 87 cents, or 1.0 percent, to $88.76 a barrel by 0100 GMT, ending …

Gold prices were little changed on Monday as investors awaited the US Federal Reserve meeting for clues about an interest rate hike, while concerns about inflation and the row between Russia and Ukraine kept gold’s safe-haven appeal intact. And the price of gold settled in spot transactions at 1836.21 dollars …

US Treasury yields have been the deciding factor in the price action in global financial markets over the past week. The yield on US ten-year bonds fell to 1.792% from last week’s close of 1.761%. The markets have been moved by the US Treasury yields over the past week. The …

The US dollar declined on Friday, along with US Treasury yields, while investors looked ahead to next week’s Federal Reserve meeting for more clarity on the outlook for rate hikes.US Treasury yields fell as stock market declines reflected poor risk appetite, while concerns about potential conflict in Ukraine drove demand …

China, the world’s second largest economy, should review its zero-tolerance approach to the pandemic or risk damaging the global recovery, according to the head of International Monetary Fund.Kristalina Georgieva said Beijing should reassess the use of lockdowns to limit the spread of the highly contagious Omicron variant since it became …

US energy firms this week cut oil rigs for the first time in 13 weeks after crude prices fell for six weeks in a row from late October-early December. Oil prices, meanwhile, have recovered and traded at their highest since 2014 this week. Energy analysts said it usually takes about …

Oil prices fell on Friday, January 21, after rising to a seven-year high this week, as an increase in US crude and fuel inventories prompted investors to cash in on the rally. Gasoline stocks rose in the United States, the world’s largest oil consumer, by 5.9 million barrels, to the …

The US dollar traded with a soft tone on Thursday, ending the day mixed across the board. The EUR was among the weakest, while the AUD and the CAD were the strongest. Economic DataDisappointing US employment-related figures were behind the broad dollar’s weakness at the beginning of the American session, …

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 …