Oil price on the brink of flipping a negative performance into a positive one for this Monday’s trading day. Prices retreated earlier as traders focused on Chinese demand fears and efforts to get a ceasefire deal in Gaza. The US Dollar Index eases further after hedge funds go long on the Japanese Yen, which appreciates…
United States Continuing Jobless Claims came in at 1.875M, above forecasts (1.87M) in July 26 Source link
Oil holds above $80 on Thursday, setting forth another profitable weekly performance. Traders keep prices supported as tensions in the Middle East intensify. The US Dollar Index trades back around 105.50 amid rising safe-haven inflows. Oil price is shooting higher for a second week in a row and holds above $80 on Thursday after tensions…
The US Dollar trades comfortably in the green while the Japanese Yen and the Euro weaken. The BoJ said it is set to ease its bond-buying program in a very slow grind, while European sovereign bond yields increase due to political uncertainty in France.. The US Dollar index trades above 105.50 and could head towards…
Natural Gas price swings back up and gains 3%. Egypt has issued a bigger than expected tender for more than 15 LNG cargoes. The US Dollar Index snaps losing streak and jumps higher, nearing 105.00. Natural Gas price (XNG/USD) swings back in the green with traders brushing off the Nonfarm Payrolls print. Traders are focusing…
United States 4-Week Bill Auction remains at 5.27% Source link
Federal Reserve Bank of Atlanta President Bostic said on Thursday that the inflation path will be bumpy and less inflation breadth would add to confidence for a rate cut. Key quotes Inflation path will be bumpy. General inflation trend is down. Path to 2% inflation is not assured. Job market is tight, but not as much as…