Oil fell on reports the EU was considering a higher Russian price cap. US gasoline stockpiles increased by 3.1 million barrels, pointing to slowed demand. Oil prices got support from the falling dollar after the less hawkish Fed minutes. Oil prices continued to fall on Thursday after the Group of Seven (G7) countries discussed setting Read More…
Investors are awaiting the release of the FOMC meeting minutes. COVID cases continue to rise in China, prompting more restrictions. The US dollar fell, showing improved sentiment as investors looked beyond China’s COVID. Wednesday saw an increase in Equities and a decrease in US Treasury yields as investors anticipate the release of the Federal Reserve’s Read More…
China’s Covid cases continue to plague markets as investors fear the return of the zero-COVID policy. The Organization for Economic Cooperation and Development will soon release its most recent economic outlook. Goldman Sachs warned that the global equities bear market is not yet over. Equities dropped on concerns that China would resume stricter COVID-19 control Read More…
The Dollar gained ground as Covid cases increased in China. Investors are losing hope over Covid restrictions in China. The Dollar is getting support from the hawkish tone of the Fed. Currency futures slid on Monday as the Dollar gained ground amid concerns about the effects of a rise in China’s Covid cases on the Read More…
Gold prices are falling on a hawkish Fed tone, boosting the Dollar. US retail sales rose more than expected in October, showing resilient consumer spending. US Jobless claims fell last week, indicating a tight labor market. Gold and silver prices fell on Thursday as the Dollar rose in response to recent remarks from US Federal Read More…
There are increasing demand worries as China reports rising COVID-19 cases. Geopolitical tensions have eased after NATO confirmed the Poland missile was an accident. Retail sales in the United States rose more than anticipated in October. Oil prices went down for the second day on Thursday as worries about demand in China, the biggest crude Read More…
