Forex News

Key information updates for profitable trading

Crude soars on Saudi promise to make real supply cuts
Crude soars on Saudi promise to make real supply cuts

On Tuesday, crude prices added, underpinned by statements that OPEC-leader Saudi Arabia was making considerable supply drops to customers, though ascending American output meant financial markets were still well supplied…

Gold heads south in early Asia
Gold heads south in early Asia

On Tuesday, gold traded weaker in early Asia, with focus on the Fed as well as demand prospects for the number one precious metal as the major bank is geared up to normalizing monetary policy…

Oil holds profits in Asia
Oil holds profits in Asia

On Monday, oil held profits in Asia, following supporting comments by the Russian as well as Saudi energy ministers…

Gold moves down on stronger greenback
Gold moves down on stronger greenback

On Friday, gold descended because the greenback managed to regain some ground after Thursday’s three key risk events, though financial markets were still waiting for the final outcome of the British election…

Crude stabilizes after abrupt dips
Crude stabilizes after abrupt dips

On Friday, crude managed to stabilize, following abrupt dips earlier this week, though they were still suppressed by evidence of an everlasting fuel glut notwithstanding efforts led by OPEC to tighten the market by simply holding back output…

Gold stands still as RBA holds steady as expected
Gold stands still as RBA holds steady as expected

On Tuesday, gold jumped, with traders holding positions ahead of the British election on Thursday as well as testimony to Congress by the sacked FBI chief, which could potentially affect the Trump administration's further plans for economic reforms…

Crude prices descend due to Middle East issues
Crude prices descend due to Middle East issues

On Tuesday, crude sagged for a third day, affected by worries that a political rift between Qatar as well as several Arab states would strictly undermine an OPEC-led initiative to tighten the oil market…

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