Crude futures edged lower on Monday after a mixed report on China's economic data, with ongoing worries about the global oversupply continue to weigh on traders' mood. Futures for WTI declined 0.49% to $48.04 per barrel, while contracts for Brent were traded 0.5% lower at $50.21 per barrel. Meanwhile, China's economy expanded 6.9% in the third quarter, beating estimates for
The shared currency failed to rise above the threshold of $1.14 on Friday and slipped down, as traders are focusing on the upcoming CPI data from the Euroland. The EUR/USD fell 0.25% to trade at $1.1358 by 08:22 AM GMT. In the previous session the Greenback was boosted by upbeat core CPI data from the US, while Europe's CPI figure
Asian equities cruised higher on Friday, following the encouraging lead from the Wall Street, while expectations of further stimulus from Beijing and Tokyo also improved investors' mood. The Japanese Nikkei rose 1.08%, the Shanghai Composite Index advanced 1.62%, while Hong Kong's Hang Seng added 0.74%. The Australian S&P ASX closed 0.73% higher, while South Korea's Kospi index edged 0.15% lower.
Crude futures was trading elevated on Friday, as traders bet declining US oil production may decrease a global supply glut. However, both benchmarks are heading for weekly falls. Futures for WTI advanced 1.49% to $47.06 per barrel, while Brent futures added 1.17% to trade at $50.31 per barrel by 07:29 AM GMT. Friday's recovery was also sparked by comments from
The Australian Dollar dropped against its US counterpart on Friday, following the RBA's review of financial stability, which pointed to higher downside risks in domestic housing and mortgage markets. The AUD/USD pair slipped 0.4% to trade at $0.7295 by 07:20 AM GMT. Meanwhile, the latest economic data from Australia, including the jobs report, added to the rising speculations that the
The yellow metal edged up to reach its three-and-a-half-month high on Thursday, benefiting from the diminishing prospects of the rate hike in the US in 2015. Futures for bullion added 0.47% to $1,185.30 per troy ounce by 08:50 AM GMT, after hitting $1,190 per ounce on Tuesday, its highest level since June 22. Later in the day, investors will monitor
Equity market in Europe opened higher on Thursday, as sluggish economic data from China and the US is likely to keep the Fed from hiking rates this year. Germany's DAX 30 index edged 0.99% up, while the UK's FTSE 100 index advanced 1.03%. Among the other indices, the French CAC index gained 0.88%, while the pan-European Euro Stoxx index increased
Oil futures edged lower on Thursday ahead of the US crude inventory report that may show a huge rise in oil reserves. Futures for WTI fell 0.86% to $46.26 per barrel, while contracts for Brent declined 0.31% to $49.50 per barrel by 07:56 AM GMT. Meanwhile, oil prices remains under the pressure, as concerns about slowing demand and persisting global
Disappointing US data boosted speculation that the Fed will not hike rates in 2015, triggering traders to reduce the Greenback longs. Meanwhile, the safe-haven Yen benefited from the growing uncertainty around the timing of monetary policy tightening in the US. The USD/JPY pair dropped 0.42% to trade at ¥118.35 by 07:35 AM GMT. Ahead in the day, investors will eye
The Sterling advanced versus the US Dollar on Wednesday after the data from the UK showed that wages rose less than was initially anticipated, but the unemployment rate dropped further to the lowest level since 2008. The Cable dropped to $1.5283 right after the data release, however it managed to recover back above the $1.53 level to a new session
According to the official report on Wednesday, consumer prices in France posted a 0.4% monthly drop in September, reversing August's 0.3% increase, while on a yearly basis inflation remained flat. Meanwhile, experts and markets are now waiting for the further ECB moves, including possible expansion of the QE program, aimed to combat the low inflation around the Euro zone.
Equity markets across Asian declined on Wednesday after the official data from China revealed that consumer inflation cooled more than anticipated in September, adding to concerns over the world's second largest economy. The Shanghai Composite dipped 0.95%, while Hong Kong's benchmark Hang Seng dropped 0.89%. Elsewhere, Japan's Nikkei index plunged 1.89%, the Australian S&P ASX fell 0.11%, while South Korea's Kospi index
The shared currency benefited from investors' worries over Chinese growth and advanced versus the US Dollar, however the recent slowdown in German economic sentiment limited gains. The EUR/USD added 0.35% to trade at $1.1417 by 07:19 AM GMT. The single European currency proved its safe-haven status, as it extended gains amid another sell-off in Asia after disappointing Chinese CPI data.
Oil prices rose on Tuesday after both benchmarks posted a 5% drop in the prior session, however gains were limited by persisting concerns over the global oversupply. Futures for WTI added 1.08% to $47.64, while Brent futures gained 1.05% to trade at %50.78 by 07:35 AM GMT. Meanwhile, analysts also noted that the latest data from China revealed a slight
Prices for gold jumped up due to a weaker US Dollar and forecasts that the Federal Reserve will not hike interest rates until the end of this year. Gold prices for delivery in December were 1.18% higher to trade at $1,157.80 per troy ounce, whereas silver for December delivery advanced 0.60% to reach $15.860 per troy ounce. Copper for delivery
The New Zealand Dollar further advanced against its US counterpart as demand for the Greenback stayed widely under pressure by the FOMC's recent minutes. The Kiwi stepped up to $0.6697 from $0.6680 at the beginning of the day and from $0.6690 on Friday. The trade-weighted index showed some slight changes from 71.56 to 71.57. The New Zealand Dollar traded at
Prices for crude oil advanced on Monday driven by a weaker US Dollar and a decline in US oil rig counts for another week. WTI futures for delivery in November stepped up 0.93% to reach $50.09 per barrel, whereas Brent futures for November delivery gained 0.78% to $53.06 per barrel. A big focus remains on Chinese trade data release this
The US Dollar dived into a third session of losses against other major currencies, driven by a dovish FOMC meeting. The US Dollar index was trading at 94.780. The Euro stepped up 0.1% to $1.372, while the Dollar stayed steady against the Japanese Yen at ¥120.21. The Aussie rose 0.1% to $0.7341, remaining firm after increasing by 4% last week
The Greenback was trading mainly lower against other major currencies, with the exception of the Japanese Yen. The EUR/USD pair was well beyond the handle of 1.13 again. More precisely, the currency pair gained 0.78% to reach 1.1363, the highest level since September 18. In the last session, the FOMC minutes were released and appeared to be rather dovish, pushing
Crude oil prices moved higher on Friday amid hopes that rising demand and a drop in US stockpiles would reduce the oversupply in oil that has put pressure on the market for over a year. WTI futures for delivery in November were up 2%, or $0.99, to trade at $50.42 per barrel. As to Brent futures for November delivery, these
The New Zealand Dollar jumped up to its highest level in over six weeks following the most recent FOMC meeting that suggested policymakers were tending to keep interest rates unchanged. The Kiwi rose $0.6661 from $0.6605, while the trade-weighted index increased from 71.04 to 71.60. The U.S. Dollar index stood at 95.308 from previously 95.479 following the earlier drop to
Prices for gold edged higher on Friday following the US Dollar weakness after the FOMC's recent monetary policy meeting giving little indication on an interest rate increase until the end of 2015. Thus, gold futures stepped up 0.1% to $1,140.10 per ounce, after tumbling 0.6% in the prior session. The bullion is up 2% for the week. As to other
Oil moved somewhat higher, even though gains remained limited due to a surprising surge in US inventories, which pushed prices down previously in the session. WTI futures for November delivery were up $0.17 to trade at $47.98 per barrel, whereas futures for Brent stepped up $0.15 trading at $51.48 per barrel. As reported by EIA, the US crude oil reserves
The Aussie tumbled against its US counterpart following the Greenback's recovery from its recent losses recorded due to speculations that the Federal Reserve will postpone its interest rate hike until beginning of next year. The AUD/USD pair reached its session low of $0.7165 over late Asian trading. Subsequently, the currency pair fell 0.46% to change hands at $0.7174.