Forex Market

The Energy Information Administration reported on Wednesday that U.S. crude inventories rose by 1 million barrels for the week ended Nov. 5.The fresh data matches the average increase expected by analysts polled by S&P Global Platts. The American Petroleum Institute on Tuesday reported a 2.5 million-barrel decline, according to sources. …

U.S. wholesale inventories increased more than expected initially in September, but automobile stocks declined further amid a global semiconductor shortage, which is undercutting motor vehicle production.The Commerce Department said on Wednesday that wholesale inventories increased 1.4%, instead of 1.1% as estimated last month. Stocks at wholesalers rose 1.3% in August. …

Consumer inflation surged in October as fuel costs picked up, supply chains remained under pressure and rents moved higher. NYT said that it is bad news for economic Fed’s policymakers and for the White House, which had been emphasizing a recent slowdown in price gains.Inflation picked up to 0.9 percent …

Data released on Wednesday showed that Turkey’s unemployment rate fell to 11.5 percent in September from 11.8 percent the previous month, while the seasonally adjusted disguised unemployment rose to 21.9 percent from 21.7 percent. Disguised unemployment rose at the beginning of the year, approaching its peak at the time of …

Oil prices rose on Wednesday, continuing the strong gains recorded in the previous session, after data in the sector revealed that US crude stocks fell unexpectedly last week, with travel demand starting to recover in the short term with the easing of pandemic restrictions. Brent crude futures rose 44 cents, …

Bitcoin’s rally weakened on Tuesday, suggesting that buyers took some profits at around the $68,500 all-time price high. Despite a short-term retreat, upward price targets are expectedfor both BTC and ETH over the next month.There is a positive sentiment that often prevail the crypto markets near every year’s end. Price …

On Tuesday, Gold prices continued to trend higher after breaking since Friday. Despite the USD’s holding steady, the decline in U.S. treasury yields buoyed the precious metal. The solid U.S. PPI report released on Tuesday by the Labor Department showed that part of wholesale inflation is decelerating.Heavy buying trend of …

The biggest signal that Federal Reserve Governor Lael Brainard is a major candidate to succeed Jerome Powell as U. S. Fed Chair has generated a wave of speculations over how financial markets would react if Biden announced her as his nominee.The longest wait for the announcement in the modern era …

The Initial Jobless Claims for the week ending on November 6 will be revealed on Wednesday. New weekly jobless claims are expected to touch a fresh pandemic-era low again this week, as labour shortages and companies’ endeavors to bring about change and retain workers are helping to put a cap …

The start of the current week came with renewed fears of a Brexit showdown as the United Kingdom has threatened to trigger emergency unilateral provisions in the Brexit divorce deal widely known as Article 16.Article 16 is a clause in the Protocol on Ireland/Northern Ireland, a key part of the …