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Crude prices traded in the green on Friday as investor confidence was boosted by rising demand in China. Meanwhile, the signs of market tightening also contributed towards an upward trend in oil prices while the US reported a fall in the crude inventories for last week. The gains were...
The price of bitcoin continued to soar on Wednesday, hitting a new record at $12,470, just hours after breaking the $12,000 mark. The world's most popular digital currency has been on a roll in recent weeks, surging nearly 80% in value in the last 30 days, while its value...
Production of crude rose by 100,000 barrels per day to a total of 97.5 million, the International Energy Agency said on Tuesday. The monthly report revealed a revision downward in the estimate for the increase in demand for this year and 2018, both by 100,000 barrels per day, to...
Oil prices steadied on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged on the market. “Oil news is contradictory,” said Carsten Fritsch, analyst at Commerzbank in Frankfurt. “OPEC and Russia are talking...
Stock markets in Europe started the trading session on Thursday higher after United States President Donald Trump revealed a new tax reform plan on Wednesday which he referred to as ''the largest tax cut in our country’s history.'' The proposed plan would slash the corporate rate to 20% and mostly end the taxation of non-US...

Oil trades mixed

Oil prices traded mixed on Monday, reversing some of the losses from the previous session after Saudi Energy Minister Khalid al-Falih hinted that the current output cut agreement might be extended once again, beyond March 2018. The minister discussed the notion with his counterparts from Venezuela and Kazakhstan on Sunday...
European bourses opened in the negative territory on Friday following yesterday's decision by the European Central Bank to keep its key interest rates unchanged.The DAX  fell 0.28% at 9:06 am GMT as Adidas led the losses followed by RWE and Lufthansa.The CAC 40 shed 0.39% at 9:06 am GMT...
The safe haven assets are in demand as the trading week started with a renewed nuclear threat from North Korea. North Korea successfully tested a hydrogen bomb that could be loaded onto an ICBM, increasing its nuclear threat on the US.The Swiss franc and the yen gained. The USDJPY...
Cable is better bid as a result of the broad based USD sell-off.The UK’s July retail sales advanced by 0.3% on month to July, beating 0.2% expected by analysts and understandably lower than last month’s surprise rise of 0.6%.The pound gave a muted reaction as traders expected the downside...
The dollar held on to big gains on Wednesday ahead of today's Federal Reserve's minutes.The Fed releases the minutes of its July policy meeting at 1800 GMT, after European markets have closed, and will be pored through for clues to how the debate over the policy outlook is developing. The...

FTSE on the mend

The FTSE 100 continued to recover in early trade as tensions between the US and North Korea eased.It comes after more than £27 billion was wiped off the value of blue-chip stocks on Thursday, sending the FTSE 100 to its biggest daily fall since April 18 this year.But shares...
Sterling has fallen by 0.41% against the dollar on Tuesday following the Office for National Statistics reports on consumer and producer prices.In July, the consumer price index was unchanged at 2.6% while the producer price index rose 3.2% on an annual basis.Official figures on Tuesday showed the pace at which manufacturers' raw...
Gold prices held steady after touching their highest in more than two months on Friday, as rising tensions between the United States and North Korea triggered safe-haven buying."Much of the rally (in gold) is because of the increased safe-haven demand," said OCBC Bank analyst Barnabas Gan.President Donald Trump warned North Korea again...
International Energy Agency (IEA) released a report on Friday, stating that the global demand growth forecast has been raised from 1.4 million barrels per day t0 1.5 million barrels per day for this year. The agency also noted that it expects the demand for the Organization of the Petroleum...
Benchmark contracts for the delivery of crude at ICE Futures Europe were under moderate downward pressure on Monday during the early part of the session at equity markets in the continent, even though the dollar edged lower, which could underpin demand among holders of other currencies.Investors were looking for cues...
Equities in Europe opened mixed on Thursday as investors saw the release of a flurry of corporate earnings.Luxembourg's ArcellorMittal reported earnings per share increased to $1.3 in the second quarter of 2017, while revenue rose to $17.2 billion. German banking and financial services company Deutsche Bank saw its second quarter net income rise €20...
Just for something different, we are looking at the Polish Zloty today as the currency has been making some solid gains on the greenback and it looks as though it could extend further still. Indeed, this exotic cross has been powering higher over the past few months – on...
Investors continued to exude positivity as markets in Europe closed higher yesterday, boosted by more gains in commodity prices.Copper prices hitting two-year highs, while crude oil touched their highest levels in eight weeks after US inventories saw a draw of 7.5m barrels, the fourth week in succession that stocks...
Crude prices reversed losses from earlier in the session, trading slightly higher on Monday as the Organization of the Petroleum Exporting Countries (OPEC) and other non-OPEC members proposed Nigeria to cut its oil output to 1.8 million barrels per day, according to Oman representatives at the exporters' meeting in...
China has opened its doors to a long-awaited scheme enabling foreign investors to buy and sell Chinese bonds. The Bond Connect programme is Beijing's latest attempt to open up its financial markets and attract foreign capital.China's $9 trillion bond market is the third-largest in the world, but only 2% of...
Precious metals traded mostly in the green on Tuesday with gold reversing losses as investors continued to anticipate a string of United States Federal Reserve members' speeches set for later in the day.The yellow metal rebounded to trade above $1,250 after hitting the lowest value in six weeks during...
Oil finally seems to have found a near-term bottom – much to the relief of OPEC – and this could set the commodity up for sizable recovery over the coming weeks. Of course, the overarching consensus that the cartel’s efforts will be overshadowed by North American supply remains in...
The Cable had been making steady progress over recent weeks but a near-term slide is beginning to suggest we may unceremoniously sink back below the 1.2772 handle.Indeed, given May’s weakening grasp on the UK elections and the fallout from the Manchester attack, it seems more than reasonable to suggest...
Bitcoin kept trading at its all-time high above $2,500 on Thursday, after hitting the mark late on Wednesday on positive sentiment about the future of the cryptocurrency.The Digital Currency Group, a venture capital company focusing on the digital currency market, announced on Tuesday its commitment to supporting various upgrades...
European stock markets started trading in the green on Thursday as investors geared up for the upcoming talks between members of the Organization of Petroleum Exporting Countries (OPEC), as well as United States President Donald Trump's meeting with European Union leaders.The FTSE 100 increased 0.14% at 9:04 am GMT, as...
The Bitcoin has now settled comfortably above the $2000 mark it breached only days ago, with one coin of the world’s most widely tracked digital currency trading for $2,120.20 on Bitfinex  and $2,056.00 on Bitstamp at 11:23 am CET on Monday.Buoyed by a strong demand, the Bitcoin valuation has more than...
Markets in Europe opened in the green on Friday reflecting the positive sentiment from the United States.Wall Street ended the previous session higher after its worst performance since the start of 2017 earlier this week. Markets suffered losses after US President Donald Trump fired FBI Director James Comey and...
Precious metals traded in the green on Tuesday with gold ticking higher for the fourth consecutive session as the geopolitical and economic worries continued to shake investors’ confidence.Market watchers traded cautiously amid rising tensions with North Korea, following the country’s recent nuclear test launch. Meanwhile, traders grew more skeptical regarding...
The Bank of Japan's focus on long-term government bond yields is appropriate for adapting to changes on a macroeconomic level, Governor Haruhiko Kuroda said on Wednesday.The quantitative easing program would eventually end when consumer prices reach a sustainable growth trend consistent with the target, he added, however he also...
Markets in Europe opened lower on Wednesday as investors focused on earnings and awaited the monetary policy decision from the United States Federal Reserve due later in the day.BNP Paribas and Volkswagen were among companies which announced their quarterly results before the bell. Traders are also closely watching latest developments...