Gold is nearly intact
On Wednesday, gold was nearly intact because traders closely watched a policy statement by the key US bank, which is expected to shed light on its interest rate plan for the rest of 2019…
Crude reaches its highest value since May 2015
On Tuesday, crude rallied further above $68 a barrel, hitting its highest value since May 2015, underpinned by OPEC-led output cuts as well as hopes that American crude inventories dived for an eighth week.
The Organization of the Petroleum Exporting Countries along with allies including Russia are keeping supply restrictions in place this year, which is a second year of restraint, just to tame a price-denting glut of crude kept in inventories.
Brent crude soared 9 cents hitting $67.87 a barrel, having touched $68.29 earlier, which is its highest reading since May 2015. American crude tacked on 18 cents trading at $61.91 and also hit its highest value since May 2015.
This week’s supply reports from industry group American Petroleum Institute as well as the US government's Energy Information Administration are supposed to demonstrate that American .crude stocks edged down by 4.1 million barrels, which is an eighth losing week.
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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
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