Forex Market

WTI futures capped at $81.61, and remain steady above $80.00. OPEC forecasts, US stocks weigh on oil prices.U. S. Oil prices consolidate between $79.45 and $81.60. Front-month WTI futures have been rejected at $81.61 session high earlier Thursday, and prices have retreated moderately during Thursday’s US trading session. Oil prices, …

The U.S. is missing around 4.3 million workers; a shortage many economists expect to last at least several more years Companies and businesses such are attempting to adjust. Scarce labor is becoming a constant reading of the U.S. economy, reshaping the workforce and prodding firms to adapt by raising wages, …

The Turkish lira is at its worst, as local investors could start to turn away from it, which would further its decline that has pushed the currency to consecutive record lows over the past month.So far, domestic investors have sold more than $5 billion of their foreign currency deposits in …

Crude oil prices slid lower Thursday after the Energy Information Administration reported a crude oil inventory build of 6.1 million barrels for the week to October 8.Gasoline inventory builds have also failed to put a lid on prices at the pump in the past couple of weeks. For last week, …

Gold price is posting strong gains in midday U.S. trading Wednesday, hitting 4 week highs. Buy stop orders were hit in the futures markets after key technical resistance levels were penetrated on the upside.A selloff in the U.S. dollar index today also worked in favor of the precious metal market …

Consumer Price Index data from the U. S. Labor Department and FOMC minutes represented the key market drivers on Wednesday. Inflation is still steering the both the U. S. economy and fiscal policy as prices continued their ascent in September. Social Security benefits will rise 5.9% in 2022, the highest …

Turkey’s President Tayyip Erdogan dismissed three central bank monetary policy committee members on Thursday. Erdogan appointed two new members in their place according to the Turkish Official Gazette, sending the lira to new record lows. Erdogan appointed Taha Cakmak as a deputy central bank governor and Yusuf Tuna as an …

AUD/USD is second whereas the Canadian dollar holds first place on Wednesday in New York closing in the countdown just hours before Thursday’s Asian session’s key event that will reveal Australia’s jobs data for September.At the closing bell, AUD/USD was 0.45% higher on the day at 0.7380 after moving from …

China’s yuan inched higher against the dollar on Wednesday, as investors digested upbeat exports data and shifted focus to whether the central bank would overturn maturing loans later this week.In the spot market, the onshore yuan opened at 6.4509 per dollar and touched 6.4449, before ending at 6.4452, 20 pips …

Western Texas Intermediate crude oil benchmark hardly progresses by 0.05%, it is trading at $79.94 during the New York session.The market sentiment improved through the U.S. session, as depicted by U. S. equity indexes rising between 0.01% and 0.65%. The U.S. dollar Index, which influences the price of crude oil, …