On Friday, gold managed to rally following the publication of American economic reports overnight…
Crude edges up in Asia with American rig count figures ahead
On Friday, oil extended an overnight soar in Asia, with American rig count figures expected to set the overall tone a bit later.
In New York, December delivery gold futures went up 0.48% being worth $54.80 a barrel. At the same time, in London, Brent futures managed to gain 0.15% reaching $60.48 a barrel.
On Thursday, oil settled higher because everlasting OPEC as well as non-OPEC output drops, powered hopes that global crude market rebalancing was already approaching.
Saudi Arabia kept cutting crude output because in October crude inventories went down considerably, while compliance with the OPEC-led initiative to tame output had appeared to be excellent.
Saudi Arabi expressed a desire to keep conducting output curbs, stressing that OPEC should ensure stockpiles keep falling beyond March.
Market participants are going to closely watch crude rig data slated for Friday just to get a deep insight into American crude output and demand.
On Thursday, gold extended a mild revival in the face of mixed American data as well as a stock market stabilizing near record maximums…
Bulls could not hold yesterday's gains for USD/JPY.
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…