Commodities

The Reserve Bank of Australia has used Friday’s quarterly assessment of the economy to announce that lockdown has delayed but not derailed the nation’s economic recovery.It says economic activity probably contracted by 2.5% in the three months to last September, but the Q4 could regain most of the previous losses, …

U. S. logistics still need time to catch up with manufacturing pace. Improving conditions for supply chain labour is an efficient solution. Some call for changing the U. S. transportation age and drug testing rules by the Transportation Department for truck drivers to make taking these jobs easier.Others urge the …

The total active U.S. rig count, which includes those drilling for natural gas, climbed by six to stand at 550, according to Baker Hughes. December West Texas Intermediate crude continued to trade sharply higher, up $2.40, or 3.1%, at $81.21 a barrel on the New York Mercantile Exchange.U.S. energy firms …

Treasury yield on 10-year bonds slides below 1.5%, extending a remarkably volatile week. U.S. government bonds rallied after a better-than-expected jobs report Friday, sending the yield on the benchmark 10-year Treasury note below 1.5% for the first time in about a month.The yield on the 10-year note recently traded at …

Stocks broadly surged on Friday afternoon trading on Wall Street as investors and traders welcomed news of rebounding hiring by U.S. employers throughout October.The Dow Jones Industrial Average rose 225 points, or 0.6%, to 36,347 and the Nasdaq rose 0.6%, whereas S&P 500 rose 0.6%. More than 80% of stocks …

Silver (XAG/USD) advances for the second successive session, up 1.08% trading at $24.02 during the New York session. On Friday, the U. S. Bureau of Labor Statistics revealed its Nonfarm Payrolls report for October, which reported the creation of 531000 new jobs added to the U. S. economy, higher than …

German industrial output fell unexpectedly in September, as supply problems related to raw materials and commodities continued to affect production in Europe’s largest economy. Germany’s Federal Statistics Office said industrial output fell 1.1% month over month after an upwardly revised 3.5% drop in August. A Reuters poll had forecast industrial …

Inflation is still the one issue that irritates fiscal policymakers and the officials of the central banks across the Atlantic.On Thursday’s session, the U. S. dollar was the unchallenged winner. The USD was able to resume its advance and reached fresh weekly highs against high yielding rivals. On the other …

The gold market is stuck in a hard day, with prices trading in a narrow range between $1,750-$1,800 an ounce.There is no driver strong enough to push gold below $1,750 an ounce or above $1,800 an ounce, there’s certainly an apprehension to sell gold after Jerome Powell’s statements to the …

USD/CAD is currently trading at highs of the day slightly tend to uptrend to 1.2450 per barrel mark, sharply up from Asia Pacific session lows around the 1.2400 level, the pair is trading as a function of oil prices more than anything else. Crude oil prices have reversed sharply from …