European stocks halted a four-day winning streak on Thursday, with the US government imposing tariffs on Airbus and a host of other European commodities unchanged, while trading in a group of blue-chip stocks after the right to distribute cash left the British FTSE100 index down. The European Stoxx600 index fell …
Read More »Oil Dropping After OPEC Report and US Inventories
Crude oil prices fell Thursday, August 13, after OPEC said it expects demand for its oil to decline more than expected, although US government data showed a decline in inventories, indicating that demand is returning despite the Coronavirus pandemic. Brent crude fell eight cents to $ 45.35 a barrel by …
Read More »Germany’s IFO: Companies See Business Return to Normalcy in 11 Months
According to the latest survey of businesses conducted by Germany’s influential IFO institute, the firms in Eurozone’s economic powerhouse expect business to return to normalcy in an average of 11 months from the coronavirus crisis. “For companies in the services sector, that number is even higher, at 11.7 months.” “The …
Read More »Gold Futures Rose During Asian Session
According to the COMEX, gold futures were traded in December at $ 1943.55 per ounce, up 0.28%. It previously traded at a session high $ 1952.65 an ounce. Gold may find points of support at $ 1874.20 and resistance at $ 2089.20. The dollar index, which measures the performance of …
Read More »FX Option Expiries For Aug 13 NY Cut
FX option expiries for Aug 13 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1650 518m1.1700 1.6bn1.1725 602m1.1760 589m1.1775 521m1.1825 634m – USD/JPY: USD amounts 105.50 1.0bn106.00 1.1bn106.70 888m107.00 850m107.20 651m107.30 378m – GBP/USD: GBP amounts 1.3000 750m – AUD/USD: AUD amounts 0.7100 1.2bn – …
Read More »NYSE Finishes Wednesday with Huge Gains
The New York Stock Exchange (NYSE) closed higher on Wednesday, with the S&P500 index failing for the second consecutive day to close at a new record high after trading above its highest ever closing level. The Dow Jones Industrial Average added 1.05% or around 290 points, while the the S&P …
Read More »DXY Closes Another Day in Losses
The Dollar Index (DXY), which measures the performance of the U.S. Dollar (USD) against a basket of six major currencies, continued its downward trend on Wednesday. DXY settled lower by 0.21% at 93.43, after moving throughout the day between 93.27 and 9.91 and closing Tuesday at 93.63. The absence of …
Read More »CHF Shows Strong Gains Across the Board
The Swiss Franc (CHF) is showing a strong performance across the board, rising against most of the major currencies, supported by an increased demand for safe havens. The CHF is up by 0.52% against the U.S. Dollar (USD), with the USD/CHF pair trading at 0.91186. Similarly, the CHF is up …
Read More »Oil Settles at Highest Level in Five Months
Oil prices increased on Wednesday, reaching their highest level in about five months, supported by the decrease in U.S. crude inventories. Brent crude futures for October delivery settled higher by 93 cents, or 2.1%, at $45.43 per barrel, its highest closing level since March 5. Meanwhile, the West Texas Intermediate …
Read More »Gold Resumes Gains after Brief Correction
Gold prices seem to have recovered from a strong correction wave on Tuesday, after closing higher on Wednesday, which reflects the high demand for the precious metal as a safe haven. According to market analysts, the losses of Tuesday were also due to an increase in the U.S. Treasury yields. …
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