Tag Archives: China

WTI managed to trim some of its 9% losses attained during the week and reclaimed the $73.00 mark. Recessionary fears sparked by weak PMI readings in China and the US dampened oil investors’ appetite.The US crude oil benchmark, rebounds around month lows of $72.50 per barrel and climbs above the …

On Wednesday, the dollar sharply edged lower across the board. However, losses were uneven, with the Australian dollar among the best performers and the Euro  at the bottom of the list. The International Monetary Fund’s managing director said a third of the world’s economies could slide into a recession in …

Gold prices are receiving a push forward by the significantly positive market sentiment keeping the US Dollar offered.Investors cheered China’s planning to support the property market and the relaxation of its Covid zero-tolerance policy. A busy US economic docket keeps traders worried about the performance of the US Dollar while …

WTI, the US crude oil benchmark retreats more than 3% on Tuesday, due to increased concerns of diminishing demand from China, as the country battles spurring Covid-19 cases amidst increasing worries for a worldwide recession. At the time of writing, WTI is trading at $77.42 per barrel, below its opening …

The US dollar’s strength continues on Tuesday despite the declining Manufacturing PMI data. On the other hand, the Euro extends its losses as a reaction to Germany’s inflation data. So far, the dollar recovered and reached fresh two-week highs, although T-yields retreated.The US Dollar Index climbs close to 1%, at …

Crude oil prices moved in a narrow range on Tuesday, as expectations about the future of demand were affected by a weekly survey that showed shrinking factory activity in China and the International Monetary Fund’s warning that the global economy will face a difficult year. Brent crude futures recovered from …

China has announced an extension of trading hours for foreigners on the yuan with the aim of supporting the currency’s popularity. Trading on the yuan will close at 3 am local time instead of 11:30 pm, starting on January 3, according to the People’s Bank of China. This decision comes …

Oil prices rose on Friday and were on course for the second year in a row, albeit small, in a year marked by tight supplies due to conflict in Ukraine, a strong dollar and weak demand from China, the world’s biggest crude importer. Brent crude futures were up 44 cents, …

Amid thin market conditions, the US Dollar retreated on Thursday. Positive market sentiment madde a very good day for US equities. Key DevelopmentsChinese news headlines triggered several market reactions. On Wednesday, financial markets were on alert after Italy reported that roughly 50% of the passengers of two flights arriving in …

The price of gold holds its latest gains above $1,816 amidst thin liquidity conditions. The worse-than-expected Initial Jobless Claims data that failed to support the US dollar on Thursday. The US Department of Labour said that Initial Jobless Claims for the week ended on December 24 jumped to 225K, and …