Online Forex broker
On Monday, crude sagged in quiet trading after the three-day Easter break, following signs that the United States keeps adding output, thus undermining OPEC efforts to back prices, and as the financial markets reacted to North Korea's failed missile launch on Sunday.
Benchmark Brent crude futures slumped 49 cents, being worth $55.40.
American West Texas Intermediate crude futures declined 47 cents, hitting $52.71 a barrel. On Thursday, they rallied 7 cents, being worth $53.18.
The previous week both benchmarks soared for a third consecutive week, with Brent inching up 1.2% for the four days before the Good Friday holiday and WTI gaining 1.8%.
This week the financial market was subdued to start with key trading center London unavailable for a holiday. Financial markets keep digesting geopolitical tensions over North Korea, after its recent attempted launch of a ballistic missile. The projectile exploded nearly immediately.
On Thursday, gold declined notwithstanding a weakening evergreen buck in the face of ebbing trade fears, as market participants waited for economic data later in the trading session and also looked ahead to the Fed’s policy gathering next week…
On Monday, gold managed to surge due to the fact market participants questioned the greenback jump’s near-term durability…
On Friday, gold managed to rally due to the fact that American leader shockingly impacted market optimism generated by the probability of renewed trade negotiations between China and America…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
