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When trading the Forex market, you’re essentially trying to predict the future. Your trades are based on how you think a certain currency will perform in the future before it happens. There is no crystal ball in the markets, or any sure way to...
Gold prices have edged up on the back of a tumbling US dollar which, according to analysts, has set the stage for a new bull market for the precious metal.XAU/USD was trading at $1,354.65 an ounce as of 10:20 GMT on Thursday, after enjoying...
Gold prices rose for a third straight session on Wednesday to hit a one-week high, buoyed by a weaker dollar, while investors awaited US inflation data for clues on the pace of future US interest rate increases.Spot gold was up 0.3 per cent at...
The Japanese currency strengthened across the board on Tuesday as the blue-chip stocks of the Nikkei 225, the headline measure on the Tokyo Stock Exchange, slumped in the second half of the trading session. The weakening also coincided with a decline of stock futures...
Stock markets in Europe are firmly higher as investors are more optimistic, and are snapping up relatively cheap equities.The fear that was prevalent in traders’ psyches last week has disappeared today. This is certainly a bullish start to the week, and if equity benchmarks...
Gold held steady on Friday amid tumbling equity markets, but a firmer dollar and worries about rising global interest rates weighed on prices.Spot gold was mostly unchanged at $1,319 an ounce, at 0715 GMT. Prices touched their lowest since Jan. 4 at $1,306.81 on...
Gold prices dropped for a third straight session on Thursday and hit a fresh four-week low, as investors liquidated their long positions on a firmer dollar, while expectations of more U.S. rate hikes this year also weighed on the market.Spot gold was down 0.4...
Crude prices traded in the green on Wednesday, reversing losses from the previous sessions as markets gave signs of recovery after a turbulent selloff that was triggered by Wall Street last Friday. Meanwhile, the US dollar also weakened, making dollar-denominated assets such as oil...
Benchmark European government bonds jumped on Tuesday, pushing yields lower as investors were scrambling for a shield against losses from the stock crash, but Treasuries pulled back following a brief move higher. United States debt returned to a declining path, which was intensified last...
The pound climbed to a new post-Brexit high on Wednesday following the release of employment and wage growth data from the United Kingdom. Sterling jumped 0.75% against the dollar to $1.41015 at 09:56 am GMT, and 0.32% versus the euro to €1.1421 at 09:57 am GMT.Wages...
Here are the latest developments in global markets:FOREX: The US dollar index traded slightly higher on Tuesday, in the aftermath of Congress voting for a temporary funding bill, thereby ending the US government’s partial shutdown.STOCKS: Equities were in the green across the board. Japanese markets skyrocketed, with...
Carpetright shared have plunged nearly 45% after it warned investors that annual profits would be much less than expected.It blamed the profit alert on a "sharp deterioration" in UK trade, with sales in the key post-Christmas period "significantly behind expectations".Carpetright now expects profits to...
The volume of goods bought in the retail industry in the United Kingdom in December fell by 1.5% month on month, the Office for National Statistics reported on Friday. The release noted that British retail sales for three months rose 0.4% compared to the...
Commodities were trading on a mixed note come Thursday, despite data showing a much-larger-than-forecast decline in US crude oil stockpiles and a slightly stronger than expected reading on Chinese gross domestic product in the fourth quarter.In the energy space, front month West Texas Intermediate...
Bitcoin skidded a further 12% on Wednesday, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last year.The price of bitcoin, the world’s biggest and best known cryptocurrency,...
Cryptocurrency, Bitcoin, saw a correction on Tuesday, decreasing below the $12,000 mark.Other cryptocurrencies also traded in the red, with Bitcoin Cash dipping below $2,000, Ethereum approaching the $1,000 mark and Litecoin nudging down, to go under the $200 mark.The corrections come in the wake...
Precious metals traded in the green on Friday as German coalition talks reached a breakthrough and European Central Bank indicated a possible scaling back of its massive monetary stimulus program.Spot gold hit its highest price since September, adding 0.64% to change hands for $1,330.59...
Oil prices on Friday slipped away from December-2014 highs reached the previous day.Although analysts and traders have been warning of the risks of a downward price correction since the start of the year, they point out that overall market conditions remain strong, largely due...
Investors kicked off 2018 on a positive note sending U.S. stocks to fresh highs on the first trading day. The optimistic approach on day one was supported by encouraging economic data from China, where the Manufacturing Purchasing Managers’ Index for December beat expectations by...
Bitcoin cash continued to soar on Wednesday, hitting a new record high at $3,772.80. The world's third-largest cryptocurrency by market capitalization surged 34.86% at 4:38 pm CET, going for $3,600 as it gained more than 180% in value over the past month alone. Meanwhile,...
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...
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...
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...
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....
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...

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...
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...
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...
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...
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...