A selloff in global stocks extended into Tuesday on signs that soaring energy prices have put a dampener on economic growth, while inflation and policy-tightening fears sent short-dated U.S. Treasury yields to 18-month highs. OIL Oil prices rose further, with…
Continue ReadingGBP/USD pares intraday gains to two-week highs, rising slightly around 1.3625-30. The British pound gained some ground on Monday after the Bank of England signaled an impending rate hike. The upside is still limited due to the underlying optimistic…
Continue ReadingOil prices rose in trading today, Monday, at the beginning of the week’s trading, to continue reaping gains, in conjunction with the increase in demand for crude, and the energy crisis that hits a number of major economies. The rise…
Continue ReadingGold prices fell today, Monday, at the beginning of the week’s trading, after the session started flat. And the weak job growth numbers failed to calm expectations that the US Federal Reserve will begin to scale back its stimulus this…
Continue ReadingThe dollar rose to its highest in nearly three years versus the yen on Monday as investors remained confident the U.S. Federal Reserve will announce a tapering of its massive bond-buying next month despite softer U.S. payrolls figures. The jobs…
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