Prices for gold managed to add some gains during the week's last trading day, however, stayed near its seven-week low pressured by a stronger Greenback and the rising likelihood of an interest rate hike by the Fed. Gold futures for delivery in December jumped up by 0.40% to trade at $1,108.60. As to other metals, silver futures for delivery in
The British pound extended losses and dropped to its one-month low against the Greenback after the most recent report on the British manufacturing and industrial production data for September, which came in weaker than expected. Following the release, the GBP/USD currency pair moved 0.45% down to reach $1.5140, its lowest level since October. Investors are now anticipating the release of
Crude oil was trading in positive territory after considerable losses made in the previous session, with the bearish sentiment still driven by the global excess of supply. Futures for WTI for December delivery rose $0.34 to trade at $45.54 per barrel, while Brent futures for December delivery climbed up $0.27 trading at $48.25 per barrel. Prices for the two benchmarks
Prices for the yellow metal held near a one-month low as the Greenback rose to a three-month high and gold looked vulnerable to additional losses after Fed Chair Janet Yellen pointed at the possibility of an interest rate hike in December. Spot gold edged down 0.12% to trade at 1,107.00 per troy ounce in London. As to other precious metals,
After having been unsuccessful at the resistance of $0.72, the Australian Dollar was trading lower and was witnessed around the handle of $0.7135. The US currency strengthened amid expectations for a December interest rate hike in the US and after payroll processing firm ADP announced on Wednesday that US non-farm private employment increased by 182,000 in the September, above the
The British pound ticked slightly higher against the US Dollar on Thursday ahead of the BoE's major monetary decisions. However, only minor action is expected before the event, as traders are waiting for further hints regarding the UK rate hike. The Cable was traded 0.08% higher at $1.5394 by 09:45 AM GMT. Meanwhile, economists say that there might be more
The equity markets across Asia closed lower outside China and Japan on Thursday, after the Federal Reserve Chair Janet Yellen said that December's monetary policy meeting would be a "live possibility" for a rate hike in the US. Japan's Nikkei rose 1%, the Shanghai Composite Index advanced 1.87%, while Hong Kong's Hang Seng edged 0.1% lower. Meanwhile, the Australian S&P
The Kiwi moved down against the Greenback on Monday following weak Chinese manufacturing data during the weekend. The commodity-based New Zealand Dollar was down 0.30% trading at $0.6748, almost near the session's low of $0.6732. In the previous week, the RBNZ left the interest rate unchanged at 2.75%, after having previously lowered it for three times since June.
Crude oil prices were subdued due to China's most recent PMI gauge showing that the economy's manufacturing activity remained in contraction. Futures for WTI for December delivery slipped $0.20 to trade at $46.39 per barrel, while Brent futures for delivery in December were down $0.03 trading at $49.53 per barrel. The Caixin-Markit China PMI increased from September's 47.2 to October's
The Canadian economy expanded in August for the third consecutive month after contracting for the first five months in a row. As reported by Statistics Canada, the monthly growth was mainly driven by manufacturing, oil and gas extraction along with retail trade. The economy's GDP grew by 0.1% in August, after an increase of 0.3% in July and 0.4% in
Even though gold prices moved higher on Friday due to a softer US Dollar, the yellow metal stayed close to its three-week low. This was primarily driven by fresh indications that the Fed could hike interest rates before the end of 2015. Spot gold stood at $1,145.55 per ounce, with little changes from late Thursday's $1,145.51. US gold futures for
Consumer prices in the Euro Area have slightly moved up in spite of persisting low prices for energy. Unemployment in the 19-nation bloc also eased further in the prior month. According to European statistics office, inflation in the Eurozone rose by only 0.1% on month. With regards to unemployment, it has reached the lowest level since 2012, dropping to 10.8%
Prices for crude oil gave up earlier gains amid traders' reaction to weaker-than-expected US economic growth in Q3 and worries about an increasing global glut. Futures for WTI for December delivery dropped $0.27 trading at $45.77 per barrel, whereas Brent futures for delivery in December were down $0.22 to trade at $48.58 per barrel. Economists expect oil prices to fall
The Australian Dollar rose against its US counterpart on Friday, as the Greenback was mostly easing after the recent rally, while traders were taking profits. The AUD/USD pair managed to rise above the $0.71 handle in the session, trading 0.44% higher at $0.7104 by 09:45 AM GMT. Meanwhile, the recent report from Australia revealed that country's PPI for the third
The US Dollar was trading lower against the Euro, which continued its recovery for the second consecutive session, primarily due to weaker US data that pushed the Greenback lower. The single European currency broke the handle of $1.10 after plummeting beyond 170 pips following Wednesday's FOMC meeting. The EUR/USD currency pair moved 0.31% higher to reach $1.1009.
Japanese stocks rose on Friday, following the BoJ's decision to hold its monetary policy unchanged, while other stocks across Asia closed the session mostly lower. Nevertheless, Asian markets are headed for their best month in six years. Japan's Nikkei closed 0.78% higher, while the Shanghai Composite Index declined 0.13%. The Australian S&P ASX dropped 0.52%, Hong Kong's Hang Seng edged
The Kiwi rebounded strongly versus the US Dollar on Thursday, after being depreciated by the Fed and RBNZ statements, paring most of the losses on the back of the disappointing US GDP data. The NZD/USD was traded 0.1% lower at $0.6692 by 12:37 PM GMT, after recovering from session's low at $0.6648. Meanwhile, the early estimate of the US GDP
UK retail sales increased at their slowest rate in October following a surge in the previous month, as shown in the survey from the Confederation of British Industry. The balance of UK retail sales in general slowed to +19 year-on-year, down from September's 49+. That was considerably below economists' forecasts of +35 and retailers' expectations of +51. The latter project
Bullion prices tumbled sharply on Thursday following the news that the Federal Reserve expects a hike in interest rates at the end of 2015. Gold futures for delivery in December were down 1.22% to reach $1,161.80 per troy ounce, whereas silver eased 1.95% trading at $15.975 per troy ounce. Futures for Copper for delivery in December slipped 0.74% to trade
The currency pair consolidated steep losses following the Federal Reserve's announcement that renewed speculations of an interest rate increase in December. The British Pound dropped to $1.53, unable to resist against the stronger US Dollar and stuck at 60 pips from the start of the week. On Thursday, the Cable was 0.02% up at $1.5265.
Equity markets outside Japan and China declined on Thursday, as the Fed decided to maintain near-zero interest rates, but reserved the option to hike rates at their next gathering in December. The Shanghai Composite Index added 0.38%, while Hong Kong's Hang Seng declined 0.6%. Elsewhere, Japan's benchmark Nikkei index advanced 0.17%, the Australian S&P ASX dropped 1.28%, while South Korea's
Crude futures dropped on Thursday, as traders are taking profits after the massive rally in the previous session driven by the second smallest growth in the US stockpiles in the past five weeks. Futures for WTI declined 1.37% to trade at $45.32 per barrel, while Brent futures slipped 1.2% to $48.46 per barrel by 08:35 AM GMT. On Wednesday, both
Crude oil prices dipped lower extending losses from the previous session amid growing worries over an excess of supply and with US inventory data expected to reveal another rise in crude stockpiles. WTI futures for December delivery dropped $0.58 to trade at $43.40 per barrel, whereas futures for Brent for December delivery were down $0.40 trading at $47.14 per barrel.
The currency pair was seen at its two-month low and an additional decrease is expected in case the economic output of the UK meets forecasts. During the European morning session there was minimal volatility and the cross consolidated at around £0.72. Later today, the preliminary UK GDP estimate for the third quarter is due and is expected to be down