The price of crude oil jumped yesterday as traders looked ahead to the upcoming OPEC meeting, which will be held in June. After the recent sell-off, investors believe that OPEC will cut supplies or retain the current production levels...
The British pound has fallen to a fresh four-month trading low against the US dollar during the European trading session, with the pair hitting 1.2604. The GBPUSD pair is increasingly likely to target the 1.2550 and 1.2500 levels if...
The price of crude oil continued declining today as investors continued to worry about global trade issues and the rising inventories in the US. Yesterday, data from the US showed that the inventories rose by more than 4.7 million...
NOK and NZD are the top G10 FX gainers today, up 0.32% and 0.29% vs the dollar while GBP and USD are the top losers. In the Asian equities space, the Nikkei 225 closed -0.59% at 21,062.98, Hang Seng...
US stocks rose yesterday after a few weeks of turmoil. The gains were broad-based, but technology played an important role in the recovery. The Nasdaq index rose by more than 100 points while the Dow gained by more than...
CHF and JPY are the top G10 FX gainers today, up 0.16% and 0.11% vs the dollar while GBP and NZD are the top losers, down -0.24% and -0.2% vs the dollar. The yen was trading near 6-week highs...
The kiwi declined sharply today after the RBNZ delivered its interest rates decision. As expected, the bank lowered rates by 25 basis points to 1.50%. The current rates are at an all-time low. In an accompanying statement, the...
Yesterday, US stocks made a comeback after seeing large losses earlier in the day. The Dow ended the day down by 67 points, which was better than the 500-point loss earlier on. The recovery came as investors concluded that...
The financial market was caught off-guard by a Trump tweet that warned of additional tariffs on Chinese goods. Yesterday, the President said that the 25% tariffs threat to Chinese goods will come this Friday. This came at a time...
