Commodities

Wednesday brings to the financial markets a highly important meeting. It is the awaited Fed meeting since May or June.When the Federal Reserve wraps up its meeting, the central bank is expected to announce that it will begin to wind down one of its biggest and most unprecedented market interventions …

Orders for goods produced by U.S. factories rose 0.2% in September according to a governmental announcement on Wednesday. Orders for durable goods slid 0.3%, but the decline was offset by a 0.8% increase in orders for nondurable goods. U.S. manufacturers have plenty of demand, but they are encountering trouble finding …

U.S. service providers expanded at a record pace in October, this surge comes on the back of resilient demand and stronger business activity as the impact of the delta variant faded.The Institute for Supply Management’s services index advanced to 66.7 last month, exceeding all expectations, from 61.9 in September, data …

USD/CAD surges during the New York trading session, up 0.06%, trading at 1.2424 as portrayed by European and US equity indices fluctuating between gainers and losers, the market sentiment is subdued ahead of the Federal Reserve’s November meeting.Retreating crude oil prices, with WTI falling by almost 3.5%, impacted the oil-linked …

Prices of the barrel of the U. S. benchmark for the sweet light crude oil have remained on the defensive and approach the $81.00 mark midweek.Crude oil prices lose ground for the second successive session on Wednesday and threaten to breach the $81.00 mark per barrel following another unexpected build …

Gold fell Wednesday morning in Asia, focusing squarely on the latest US federal policy decision. Investors are preparing to assess the US central bank’s plans to combat rising inflation and allay concerns about the economic recovery from COVID-19. Gold futures were down 0.30% at $1,784.05 by 11:29 PM. The Fed …

Global financial markets positively closed the U. S. trading session. U. S. shares surged while currencies fluctated over risk sentiment, with the exception of the U. S. dollar, which uniqely performed. Economic DataThere was hardly any economic data impacting price movements in the US period, but the markets are awaiting …

Wednesday will bring decisions of the Fed’s November meeting to the financial markets, and Friday will bring Non-farm Payrolls, so financial markets rre amid some heavy drivers for the USD.It is expected that this is the rate decision at which the Fed will announce their intentions to begin tapering asset …

Dow Jones futures were higher early Tuesday after the stock market rally hit record levels yesterday. Tesla stock surged to more all-time highs. And Mosaic, NXP Semiconductor and ZoomInfo were three earnings movers after the close.The Dow Jones Industrial Average moved up 0.3%. The S&P 500 rose 0.2%, while the …

Hosted by Dubai TV, Mohamed Hashad, Director of Research and Development at Noor Capital, said that there are factors that could pressure oil prices during the upcoming period. Given that it is one of the most traded assets in the markets, it is sensible that oil prices occupy traders and …