Gold is underpinned by wavering US currency
On Monday, gold managed to surge due to the fact market participants questioned the greenback jump’s near-term durability…
Crude prices stand still in Asia as markets look to producers' meeting
On Friday, crude prices settled down during Asia trade having hit month-long peaks overnight and ahead of a gathering of the crude producers on Monday.
September delivery West Texas Intermediate futures were intact, losing no more 0.02% and keeping to $46.91. As for September delivery Brent crude futures, they also dipped just 0.02% being worth $49.29.
On Thursday, crude prices soared after American crude inventories dived 4.73 million barrels by July 14, as the EIA posted. As for gasoline inventories, they shrank by 4.4 million barrels.
Thursday’s crude soar, which took the commodity’s prices to peaks not observed since June 7, was also driven by hopes that crude producers might reduce supplies. OPEC as well as non-OPEC producers are expected to meet in Russia on Monday and traders are waiting for any clues that Saudi Arabia, the leading producer of crude, might cut its output.
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Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
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…
Greenback edges down
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…
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