The Euro has clearly struggled during the trading session on Friday, as we tried to recapture the 1.17 level only to fail spectacularly. By the time New York got on board, the Euro was testing the bottom of the hammer from the previous session which quite frankly needs to hold if there is
Precious metal prices have been under attack lately as gold bears keeping hampering on amidst rising Covid-19 cases in Western Europe and the United States, bringing the price of gold futures below $1,900/ounce.For now, the recent price movements in the yellow metal’s market shows the bull
The U.S. Dollar is trading marginally higher against a basket of major currencies early Friday after posting a potentially bearish closing price reversal top the previous session. Although the greenback has stabilized below its recent two-month high after early session weakness, it is vulnerable to
Gold futures are edging lower on Friday shortly before the regular session opening after giving up earlier gains after buyers failed to materialize following yesterday’s potentially bullish technical closing price reversal bottom. The catalyst behind the move is a recovery in the U.S. Dollar In
The gold futures contract gained 0.45% on Thursday, as it fluctuated following the decline after breaking below the price level of $1,900. The market reached the lowest since late July. Gold keeps retracing its rally from around $1,800 to August 7 record high of $2,089.20 in reaction to U.
Gold futures are trading lower shortly after the regular session opening after failing to follow-through to the upside following yesterday’s potentially bullish closing price reversal bottom. The catalysts behind today’s decline is a stronger U.S. Dollar and lower demand for riskier assets. Bullion
Strong U.S. Dollar Continues To Put Pressure On SilverSilver failed to continue yesterday’s rebound as the U.S. dollar gained ground against a broad basket of currencies and put pressure on precious metals.The U.S. Dollar Index is currently trying to get to the test of the major resistance level at
U.S. West Texas Intermediate crude oil futures are trading lower shortly after the regular session opening on Friday after giving back earlier gains. The two-sided price action suggests a rangebound trade. This makes sense since demand worries are helping to cap gains, while the OPEC+ production cut
Coronavirus Aid Package Negotiations Are Set To Restart AgainU.S. Republicans and Democrats look ready to restart negotiations on the new coronavirus aid package. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi signaled that both sides were ready to discuss new proposals.The U.S. ec
Rite Aid posts stronger-than-expected fiscal second-quarter sales and offers upbeat guidance amid ongoing demand for prescriptions and other essentials.Rite Aid (RAD) - Get Report posted stronger-than-expected fiscal second-quarter sales as consumers continued to rely on the pha
(Bloomberg) -- Oil fluctuated between gains and losses in London following warnings over global energy demand and the state of the U.S. economy.Crude in London traded near $42, swinging with global markets as a rout in stock markets eased. The outlook remains cautious though, after Federal Reserve o
The dollar continues its best run since June as investors adopt a cautious stance in the face of weakening economic data and worrying comments from President Donald Trump about the peaceful transition of power should he love the November election.The Thursday Market MinuteGlobal stocks slide followi
Stocks are wobbling following a volatile Wednesday on Wall Street.Several issues continue to weigh on the market. On the list are rising coronavirus cases, an increasingly contentious U.S. presidential election, and doubts over whether Congress will provide more fiscal relief as the Federal Res
Stock-index futures declined Thursday morning as investors parsed weekly data on jobless claims, a day after equities suffered another round of steep losses that put the S&P 500 on the brink of a correction.What are major benchmarks doing?Futures on the Dow Jones Industrial Average YM00,&nb
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