Oil, Crude, trading
Read More »The Euro Hits Strong Supply Level, Negativity Remains 4/1/2022
The single European flag faced selling during the last trading session due to hitting the strong supply level at 1.1380, which forced it to trade negatively to retest the psychological support level of 1.1300. Today’s technical aspect indicates the possibility of continuing the decline. With a closer look at the …
Read More »The Dollar Rises With The Beginning of 2021 Trading
The dollar rose somewhat against the major currencies as market sentiment improved on Monday, with European shares and government bond yields soaring on the first trading day of 2022. But trading volumes are expected to remain limited with London, Europe’s main currency market, closed for a holiday. Despite the rise …
Read More »Gold Prices Near Highest Level in Six Weeks
Gold prices rose to a six-week high before giving up their gains and stabilizing on Monday after gold buying, boosted by higher infections of the mutated Omicron strain of the coronavirus, offset pressure from higher US Treasury yields. There was little change in the price of gold in spot transactions, …
Read More »Falling Demand For Safe Havens Pushes Gold For The First Decline in 3 Years
Gold headed for its first decline in three years on Friday as the global economy recovered, reducing the appeal of safe havens as central banks prepared to raise interest rates to control inflation. And by 1035 GMT, gold in spot transactions rose 0.2 percent to $ 1817.57 an ounce, and …
Read More »Rising Risk Appetite Brings The Yen to Its Lowest Level in a Month, And The Euro is Falling
The euro slipped in thin trade over the Christmas holiday on Wednesday and the dollar pushed the yen to a one-month low as investors shrugged off a spike in omicron infections with renewed risk appetite. The Australian dollar rose as stocks rose, but the euro bucked the trend, falling 0.2 …
Read More »The Rise of The Dollar Affects The Luster of Gold
Gold prices fell on Wednesday in thin trading as the dollar rose and US Treasury yields stabilized after falling earlier in the session, but prices remained above the key level of $1800 an ounce. And the price of gold in spot transactions fell 0.2 percent to $ 1802.67 an ounce …
Read More »Gold Price Scales 1-Month High On Back Of Inflation Concerns
Gold prices scaled a one-month high on Tuesday as recent signs of rising inflation reinforced demand, although the safe-haven metal gave up some early gains due to a stronger US dollar.Gold dropped slightly by 0.2% to $1,807.21 an ounce by 2:40 p.m. ET, after hitting an intraday high of $1,819.85 …
Read More »The safe-haven yen fell to its lowest level in a month as fears of Omicron subsided
On Tuesday, the Japanese yen fell to its lowest level in nearly a month against the US dollar as the tide turned against the safe-haven currencies after Wall Street rose to a record high that overshadowed fears of the pivot Omicron. The Japanese currency fell to 114.935 yen against the …
Read More »The Dollar is Witnessing The Worst Week
The dollar headed for its worst week since September, while other risk-friendly assets from bitcoin to the Australian dollar maintained their recent gains buoyed by easing concerns about the severity of the new COVID-19 mutation. MSCI’s Asia Pacific shares outside Japan rose 0.2%, and Japan’s Nikkei rose 0.1% after the …
Read More »