The economic data for the day is in. The dollar rose yesterday after data showed US import prices rose 0.9% last month, adding to market fears that the Federal Reserve’s fight to contain inflation has stalled and could be delayed policy makers from cutting interest rates. The market also was
The Economic Data for the Day Looks Jam Packed with interesting stuff. The US dollar was slightly lower on Monday and strengthened after recent swings as attention shifted directly to upcoming US inflation data for further clues on interest rates. Gold fell 1% on Monday, looking for gains, as investors
As per the crude oil news, from the beginning of the week, crude oil was on a speculative rise. Prices rose more than four percent and are hovering at three-week highs as worries about temporary disruptions in the Middle East weighed on the atmosphere. However, prices retreated from yesterday’s highs
It’s Friday and an exciting trading session is upon us as the forex news hits the market. Yesterday, crude oil crashed vertically from our resistance levels due to OPEC not meeting the street expectations. In other news, Gold and Silver have been trading in a range at higher levels and
Crude oil witnessed a more than one and a half per cent speculative jump yesterday. Prices traded near three-month highs amid mixed cues from major importer China. Strength in the dollar also weighed. Since the start of the month, crude oil rallied nearly 15%, amid tighter supply concerns in largely
Dollar strengthened more than half percent against a basket of major currencies on Thursday. Currency sparked to the one week high after recent jobless claims data strengthened the case for the Federal Reserve to halt interest rate hikes, but kept a high bar for a year-end cuts. The number of
Crude oil retreated nearly 2% yesterday pressured by the Iraq federal government and Kurdistan Regional Government (KRG) taking a step towards a resumption in northern oil exports from the Turkish port of Ceyhan after they were halted last month. Further, today prices traded slightly down as upbeat Chinese economic data
Crude oil witnessed more than 4% gain yesterday. It made a day’ high of 5999 and settled at 5978. As disruption of half a million barrels a day of Kurdish supply, nuclear war talk by Russia’s Vladimir Putin and assurances about the crisis-hit U.S. banking sector helped boost risk-on appetite
Crude Oil retreated from the morning high. As signs of ample supply and rising U.S. crude inventories. Countered hopes for higher demand arising from a jump in manufacturing in top crude importer China. U.S. oil inventories rose by 6.2 million barrels in the week ended Feb. 24. according to market
Crude oil retreated from the day’s high 6591 and is currently trading at 6549, down 1.47%. Yesterday, it inched higher towards 6657 level. Oil prices gave up early gains as markets gauged the potential impact of additional crude sales from the U.S. Strategic Petroleum Reserve. However, caution trading persisted ahead
