West Texas Intermediate (WTI) oil prices, in particular, have surged to about $60.10 by Thursday morning in Asia, the highest level in nearly fourteen days. This boost followed fresh US penalties against key Russian oil firms, which led many to
During early trading in Asia on Thursday, the euro fell versus the yen, dipping under 1.1600 to around 1.1590. This drop followed the EU’s (European Union) latest penalties levied against Russia because of the conflict in Ukraine. What happens with
Thursday saw a little lift in silver costs (XAG/USD), bouncing back from a two-day slide to hover around $48.70 an ounce during Asian business hours. Investors became more hesitant as the data on US inflation for September is going to
Gold prices fell slightly on Wednesday, trading below $4,100 in the Asian session. The drop came after a strong nine-week rally, as traders booked profits following record highs. Despite the recent correction, many analysts believe gold’s long-term outlook remains positive.
Wednesday saw GBP/USD struggle, hovering near 1.3380 as Asian markets opened. Clearly investors were hesitant, awaiting crucial UK inflation figures—September’s CPI alongside the RPI. The British pound dipped when figures revealed the UK government took on an additional £7.2 billion
Monday saw a robust surge in US stocks—investor spirits were buoyed by impressive company profits, so they readily embraced riskier investments. Specifically, the Dow jumped 515.97 points, reaching 46,706.58, a gain of 1.12%. Meanwhile, the S&P 500 rose 71.12 points
Tuesday saw a small lift for the EUR/CAD, hovering near 1.6345–1.6350 while everyone watched for Canada’s CPI numbers. Trading remained calm; neither the Euro nor the Canadian dollar strongly responded to what’s been happening economically. The Canadian dollar lost some
Gold isn’t budging much these days, resting up following last Friday’s decrease from peaks. It still has appeal because it appears to be waiting for the market to move in the direction that global trade tensions, discussions of lower interest
Because China’s economy has expanded over the last year, the Australian Dollar rose in value. It climbed versus the US dollar on Monday, extending a two-day winning streak. Steady Chinese interest rates further bolster the Aussie’s standing against the greenback.
Thursday saw oil prices tumble more than 1%, hitting their lowest since springtime. Word is, this happened because oil traders are anticipating talks between the U.S. and Russia’s leaders. The meeting between Trump and Putin scheduled for Budapest is being
The dollar weakened for a fourth day running, hovering near 98.20 in Asia on Friday. This drop reflects investor unease stemming from the US government closure, alongside growing bets that the Fed will lower interest rates. All this is happening
Thursday saw GBP/JPY climb, rising past 202.50 after an initial dip in Asia that put forex traders in pause mode. They are now waiting for key UK economic data before making their next moves. Given that recent job figures weren’t