On Thursday, gold extended a mild revival in the face of mixed American data as well as a stock market stabilizing near record maximums…
Crude shrugs off some losses
On Monday, crude prices managed to recover some losses after a 3% dip in the previous session, although markets are still under pressure from high drilling activity in America as well as ample supplies from producer club OPEC.
Brent crude futures reached $47.08 per barrel, rising 0.8% from their previous close.
American West Texas Intermediate crude futures hit $44.60 per barrel, adding 0.8% too.
Brent prices dipped 17% below their 2017 opening notwithstanding a deal led by the Organization of the Petroleum Exporting Countries to reduce output from January.
On Monday, ANZ bank reported that the market kept focusing on the soaring American drilling activity as well as higher output.
The previous week American energy companies added seven crude drilling rigs, thus marking a 24th week of gains out of the last 25 and bringing the overall count up to 763, which is the most impressive outcome since April 2015, as Baker Hughes energy services company revealed on Friday.
Bulls could not hold yesterday's gains for USD/JPY.
On Wednesday, the yellow metal surged because a leap in shares, which took two of the three key American stock indexes to record peaks, cooled…
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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…