Commodities

Omicron put a massive bump in the road to America’s recovery this winter. The first signs of trouble could show up in the January jobs report on Friday, 4 February. Goldman Sachs cites survey data indicating a surge in absenteeism during the month to expect Omicron-led temporary declines in the …

The US trading session closed on Wednesday with mixed results, most notably the decline of the US dollar and the New York Stock Exchange at the same time due to negative employment data.Economic dataThe reading of the index of change in employment in the non-agricultural sectors in the United States …

Oil prices retreated on Wednesday even after OPEC+ stuck to planned moderate output increases despite pressure from top consumers to raise output more quickly after prices rallied to 2014 highs.Brent crude was down 7 cents to $89.09 a barrel at 12:15 p.m. EST (1715 GMT) while US West Texas Intermediate …

The non-yielding precious metal is trading above $1805. The US ADP data was worse than expected; it could be a prelude to the Nonfarm Payrolls (NFP).The Gold Index (XAU/USD) climbs in the North American session as US T-bond yields led by the 10-year benchmark note fall three basis points, undermining …

Oil prices jumped on Wednesday towards a seven-year high hit last week as the United States’ move to drain its crude inventories underlined high demand and tight supplies, but investors remained cautious ahead of the OPEC+ group meeting later on Wednesday. Brent crude rose 23 cents, or 0.26 percent, to …

The US public debt has crossed the $30 trillion barrier for the first time ever, with government lending accelerating during the “Corona” pandemic to contain the virus’ repercussions on the economy. According to US Treasury data released on Tuesday, the US public debt has risen by about seven trillion dollars …

The US dollar remained on the backfoot on Tuesday, although losses were limited across the Forex board. The EUR/USD pair is ending the day pretty much unchanged in the 1.1240/50 area after dismal EU data put a cap to the shared currency.The GBP/USD shrugged off UK’s political row and retained …

The US dollar stabilizes during the American session, as the DXY trims losses. The XAU/USD fails to breaks $1810, remains above $1800.Gold peaked on European hours at $1809 and then lost strength. It pulled back following the release of US economic data to $1797 and then rose back above $1800. …

Oil prices have continued to trade close to multi-year highs and within recently established ranges on Tuesday, with front-month WTI futures undulating between lows in the $86.00s and highs in the $88.00s. At current levels just above $88.00 per barrel, WTI is trading flat on the day and is less …

ISM Manufacturing PMI fell to its weakest since November 2020 in January at 57.6. The Employment subindex hit its highest since last March. According to a survey compiled by the Institute of Supply Management, US Manufacturing PMI fell to 57.6 in January from 58.7 in December. That was a little …