The yellow metal is falling sharply on Wednesday amid a stronger US dollar on rising expectations about a rate hike by the Federal Reserve in December. The ounce broke below yesterday’s lows at $1,114.30 and dropped further. Recently bottomed at $1106.60 hitting the lowest level since October 2...
Skandinaviska Enskilda Banken made some technical analysis for Gold evaluated the market condition for this pair a secondary ranging in the next and medium-term future for example...
Fed Chair Janet Yellen said the US economy is performing well although she acknowledged some slowdown in employment. Regarding monetary policy, Yellen said FOMC thought it could be appropriate to move in December but that no decision was made...
Crude oil prices are trading in the negative ground on Wednesday, currently hovering over the $47.00 area per barrel. WTI weaker on supply concerns Prices for the West Texas Intermediate are surrendering part of yesterday’s strong gains, testing the key support at $47...
Gold prices weakened to near Tuesday’s low after the data in the US showed the private sector jobs growth slowed less than expected in October. Off lows, but weak The metal hit a low of USD 114.70, before trimming losses to trade around USD 1116.50/Oz levels...
U.S. stock futures edged higher Wednesday after two economic reports pointed to a slight slowdown in the labor market but a rise in exports...
Oil prices maintained gains on Wednesday following a 3% rise a day earlier driven by Brazilian and Libyan supply worries, a U.S. pipeline outage and a general rally in riskier assets amid expectations for more economic stimulus measures...
The British currency climbed against the dollar on Wednesday after data showed that activity in the U.K. service sector recovered in October. The upside was limited as the greenback was supported ahead of economic reports from the U.S...
On Wednesday European stock-index futures were mostly in the green zone with only German DAX in the negative territory after the Volkswagen shares saw a grinding fall...
Gold prices edged higher Wednesday but were still near five-week lows, as investors awaited important U.S. data later in the day for further cues on the strength of the economy and the likelihood of a near-term interest rate increase...
Japanese stocks soared on Wednesday after Japan Post Holdings Co. jumped over 15% in its trading debut, while Chinese shares were elevated after upbeat data...
The shared currency was pressured lower Wednesday by the prospect of more easing measures from the European Central Bank...
On Wednesday the Australian dollar edged higher in Asia on better-than-expected trade data and expected retail sales, while its New Zealand counterpart dipped after weak employment numbers...
Despite the general bearish sentiment towards gold, which was fueled after the metal hit a four-week trough on Monday, one German bullion dealer maintains upbeat forecasts...
Prices continue to trade near daily lows despite dismal US data as traders remain focused on fEd rate outlook. Eyes key fib support The metal is trading within a touching distance from USD 1120.60/Oz, which is the 61.8% of Jul low to Oct high move...
RUSSIA The perspective for the Russian currency remains neutral for the time being, according to BofA Merrill Lynch Global Research. Key Quotes “We remain neutral on RUB, as our commodity team sees stable oil prices through yearend and with the CBR committed to buying USD if RUB falls below 60...
U.S. stocks opened slightly lower Tuesday as investors took a pause after a big rally during the previous session...
Oil erased early losses on Tuesday, but stayed below $50, pressured by an oversupply and worries about a vulnerable demand outlook...
The number of unemployed people in Spain increased for the third consecutive month in October, driving worries about the health of the euro zone’s fourth largest economy, official data showed on Tuesday...
