Japan’s Nikkei average rose more than 1 percent on Monday to a three-month high, retracing gains on Wall Street in the previous session, after Federal Reserve officials eased concerns about monetary tightening. Interest-sensitive technology stocks were the top gainers in Japan, as was Wall Street after Richmond Federal Reserve Bank …
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Saudi Aramco said on Sunday evening that Saudi Arabia raised the selling price of its Arab Light crude oil to Asia for the second month in April to $2.50 a barrel, above the average price of Oman and Dubai crude. The price increase, which is 50 cents a barrel above …
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Gold prices fell on Monday as the dollar rose, with the release of a new set of data that reinforced fears that central banks around the world will continue to raise interest rates to contain inflation. GMT, after rising to its highest level since February 15 on Friday. US gold …
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The dollar fell from the highest level in two and a half months against the yen on Friday and headed towards recording its first weekly loss since January against other major currencies as dealers try to determine the course of the Federal Reserve’s monetary policy. The yen, particularly sensitive to …
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The US dollar declined on Friday and dropped for the week. The Dollar Index remained in negative territory as a result of encouraging news from China and falling US yields. American stocks experienced weekly gains following February’s significant losses. After good performance in February, the dollar experienced its first weekly …
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The S&P 500 gained 1.6% to end its first profitable week in the previous four as the bond market’s easing yields relieved some of Wall Street’s pressure. Following a sharp surge and fall to start the year, it has found some steadiness. The Nasdaq composite rose 2% while the Dow …
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Bitcoin as well as other cryptocurrencies are down on Friday as a result of worries over Silvergate Capital, whose distress could have an adverse effect on how the market operates and the regulatory landscape.Over the past 24 hours, the price of Bitcoin has dropped 4% to around $22,350 before recovering …
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The USD/JPY retreats from weekly highs amidst an offered US Dollar. Positive US economic data failed to boost the US Dollar. USD/JPY Price Analysis: Bullish above 136.00; otherwise, a retest of 134.00 is on the cards.The USD/JPY slides from 136.70s toward the 136.00 area on Friday amidst broad US Dollar …
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The US Federal Reserve’s semi-annual Monetary Policy Report is published on Friday. The US Dollar Index showed no immediate reaction to this publication and was last seen trading flat at 104.93.Key Quotes “Financial conditions have tightened further since June and are significantly tighter than a year ago.”“Ongoing increases in the …
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The US Service sector data surpasses market expectations, and exhibits no significant surprises. Treasury yields rebound from daily lows. The Gold Index declines further from two-week highs, tests $1,840.Gold prices weakened after the US data, however it is still seen positive for the day and the week. The precious metal …
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