21.05.2022
Chicago 12, Melborne City, USA
Forex guide

Oil Futures Settle Modestly Higher

Crude oil futures settled higher on Friday, lifted by the proposed ban on Russian oil by the EU, and relaxation in Covid lockdowns in China. Strong consumption and stockpiles data from the US Energy Information Administration helped lift oil prices. Worries about global economic slowdown capped oil’s upside. West Texas Intermediate Crude oil futures for […]

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Forex guide

Gold Futures Settle Flat, But Gain 1.8% In We …

Despite recovering from the session’s lows, Gold futures settled flat on Friday, weighed down by a strong dollar. The dollar index climbed to 103.20, gaining nearly 0.5%. Gold prices recovered after US stocks turned weak after an initial uptick. While bargain hunting after recent sharp losses pushed up stock prices early on in the session, […]

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Forex guide

Gold Futures Settle Sharply Higher As Dollar …

Gold prices climbed higher on Thursday as a sell-off in global stock markets amid worries over rising inflation and growth concerns pushed up the demand for the safe-haven metal. The dollar’s sharp slide contributed as well to the gold’s surge. Investors fretted over the impact of the prolonged Ukraine-Russia war, higher interest rates and China’s […]

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Forex guide

Oil Futures Pare Early Gains, Settle Sharply …

Crude oil futures pared early gains and settled lower on Wednesday despite data showing a drop in crude inventories in the week ended May 13. The data also showed a fall in gasoline supplies last week. Reports that the United States is planning to relax sanctions against Venezuela and allow Chevron Corp to negotiate oil […]

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Gold Futures Settle Lower As Dollar Rebounds …

Gold prices drifted lower on Wednesday as the dollar rebounded from recent losses and bond yields rose amid rising prospects of sharper interest rate hikes by the Federal Reserve. The Fed Chair Jerome Powell had hinted on Tuesday that the Fed would keep tightening till inflation has been tamed. UK’s inflation is rising to a […]

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Oil Futures Settle Lower As US Looks To Eas …

Crude oil prices pared early gains and settled notably lower on Tuesday, reacting to reports that the Biden administration is set to ease some of the sanctions imposed on Venezuela. West Texas Intermediate Crude oil futures for June ended lower by $ 1.80 or about 1.6% at $ 112.40 a barrel, after having climbed to […]

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Forex guide

Gold Futures Settle Higher For 2nd Straight D …

Gold prices moved higher on Tuesday, gaining for a second straight session as a weakening dollar boosted the yellow metal’s safe-haven appeal. The dollar index dropped to 103.23, losing nearly 1%. Gold futures for June ended higher by $ 4.90 or 0.3% at $ 1,818.90 an ounce. Silver futures for July ended up by $ […]

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Forex guide

Oil Futures Pare Early Losses, Settle Sharply …

Crude oil futures shrugged off early weakness and settled settled higher on Monday, buoyed by rising gasoline prices. Oil prices drifted lower earlier in the day after weak data out of China revived fears of a global recession. Also, traders looked to take some profits after the sharp uptick in the previous session. Reports that […]

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Forex guide

Gold Futures Settle Modestly Higher As Dollar …

Gold futures pared early losses and edged higher on Monday as the dollar came further off the 2-decade high recorded last week. Worries about growth after data showed a contraction in China’s industrial output, and a report showing an unexpected contraction in New York manufacturing activity in May boosted the demand for the safe-haven metal. […]

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Forex guide

Oil Futures Settle Sharply Higher On Supply C …

Crude oil prices rose sensitive on Friday, lifting the most active crude futures contracts to a buoyant close, as fears of supply shortage outweighed concerns about a slowdown in global economic growth. Gasoline prices soared to record highs today, contributing significantly to the sharp jump in crude oil prices. West Texas International Crude oil futures […]

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