Forex Market

Gold rose in Monday morning trading in Asia, hitting its highest level in two months. The dollar also gave the yellow metal a boost. Gold continues to rise in these moments, achieving a rise of 0.3% to record 1822.56 dollars an ounce, while gold contracts recorded 1824.45, an increase of …

Gold prices continued to climb to a two-month high on Monday, as investors maintained their view that central banks will continue to maintain low interest rates for the time being. Investors are turning their attention to core inflation data in the US due later this week. And the spot price …

All expectations that signals by BoC and RBA could push the world’s monetary policy actors to accelerate their own timelines for interest rate hikes, ran into a solid wall with the U. S. Federal Reserve and European Central Bank announcing they would not hike interest rates so fast, though Fed …

The KSA boosted prices just after refusing to bend to U.S. pressure to pump more crude oil. With OPEC unanimously agreeing to stick to its plans, attention now turns to whether U.S. President Joe Biden will respond.The total active U.S. rig count, which includes those drilling for natural gas, climbed …

The U. S. dollar jumped on Friday to hit highest level in a year, after official data revealed more solid U.S. job growth in October, but the American currency retreated in late trading as risk appetite improved and stocks surged.NFP increased by 531,000 jobs last month, above expected 450,000, as …

The surge in the prices of commodities has been unprecedented since mid-2020, predictably resulting in calls that a new supercycle is proceeding. Supply-demand imbalances are plaguing the globe and boosting prices further. But one topic that is gaining more and more significance in 2021 is that a number of commodities …

The Canadian dollar failed to benefit from the strong Canadian labour market released Friday, much like the U. S. dollar and the USD/CAD pair is settling in neutral territory on the day around the 1.2450 mark. The pair has been subject to significant retreat in recent days, together with the …

Oil trimmed its weekly loss as Saudi Arabia increased prices for its global crude exports and the U.S. is still considering a potential release of oil from the strategic reserve.Crude oil in New York session smoothed its weekly loss to 2.8%, rising sharply late in the session Friday after Saudi …

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 …