Crude oil prices recouped some of this week’s losses in early morning trade on Thursday, as growing expectations that OPEC will extend an ongoing production cut agreement at a meeting at the end of this month offset concern over rising U.S. crude stockpiles and output. U.S. West Texas Intermediate (WTI) crude futures tacked on 11 cents, or […]
The dollar was fluctuating between small gains and losses against a basket of the other major currencies on Thursday as investors awaited an expected vote on the U.S. tax bill later in the day. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 93.76 by 03:40 […]
Gold prices were little changed in early deals on Wednesday, as investors looked ahead to U.S. inflation data to gauge how it will impact the Federal Reserve’s view on monetary policy in the months ahead. The Commerce Department will publish October inflation figures at 8:30AM ET (1330GMT). Market analysts expect consumer prices to inch up 0.1%, while […]
Oil prices fell further on Wednesday, extending sharp losses from the previous session amid speculation weekly supply data due later in the day will show a large increase in U.S. crude inventories. The U.S. Energy Information Administration will release its official weekly oil supplies reportfor the week ended Nov. 10 at 10:30AM ET (1530GMT). After markets […]
LONDON (Reuters) – A controversial trading tactic used on the $5 trillion (£3.78 trillion) a day foreign exchange markets has been banned by a global committee of central bankers and industry officials. The Global Foreign Exchange Committee said on Wednesday it had concluded that traders should not undertake trading activity that uses information from a […]
Gold prices were on the back foot on Tuesday, as market players turned their attention to a panel discussion including the heads of the European, U.S., British and Japanese central banks for further hints on future monetary policy moves. European Central Bank chief Mario Draghi, outgoing U.S. Federal Reserve Chair Janet Yellen, Bank of England head Mark Carney and […]
The euro pushed higher on Tuesday after data showing that German economic growth beat expectations in the last quarter, while the pound edged lower amid Brexit jitters and the dollar held steady against a currency basket. EUR/USD was up 0.16% at 1.1688 by 03:32 AM ET (08:32 AM GMT) after data showing that Germany’s economy grew […]
