Forex News

Key information updates for profitable trading

Gold rallies to 3-week maximum
Gold rallies to 3-week maximum

On Tuesday, gold reached a three-week maximum, while the greenback demonstrated little movement because trading volumes were believed to remain suppressed during the holiday season…

Oil drifts away from 2015 maximums
Oil drifts away from 2015 maximums

On Friday, crude rebounded from 2015 peaks hit the previous session, suppressed by soaring American output as well as the anticipated January re-opening of the Forties pipeline located in the North Sea…

Gold is firm near 2-1/2 weak peaks on softer greenback
Gold is firm near 2-1/2 weak peaks on softer greenback

On Thursday, gold hovered near two-and-a-half week maximums because market sentiment on the US currency was still fragile notwithstanding the vote of a key American tax reform bill and expected US economic reports…

Oil is capped as American output hits 10 million bpd
Oil is capped as American output hits 10 million bpd

On Thursday, crude was steady, underpinned by dipping crude inventories in America, although capped by output, rapidly approaching 10 million barrels a day – this level was only exceeded by Russia and Saudi Arabia…

Crude gains on North Sea pipeline outage
Crude gains on North Sea pipeline outage

On Wednesday, crude tacked on, underpinned by hopes for a dip in US crude inventories and also by the everlasting outage of the North Sea Forties pipeline system…

Gold rallies moderately in Asia
Gold rallies moderately in Asia

On Wednesday, gold ascended in Asia, following the fact that snag in passage of American tax cuts linked to a procedural glitch in the Senate…

Crude rallies towards $64 on British pipeline outage
Crude rallies towards $64 on British pipeline outage

On Tuesday, crude tacked on towards $64 a barrel, underpinned by the Forties pipeline outage in the North Sea, not to mention OPEC-led supply cuts as well as hopes that American crude inventories headed south for a fifth week…

Gold inches up as greenback pulls back
Gold inches up as greenback pulls back

On Monday, gold ascended because the greenback pulled back notwithstanding mounting expectations that a key US tax reform can be approved before the end of 2017…

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