The market is opening European trading in a more upbeat attitude, as the recent rally in stocks has prompted more risk-on trading in FX, with commodities currencies pulling marginally ahead on the day. The previous smaller ranges are continuing to…
Continue ReadingDue to rising worries about the strength of demand, Opec+ will decide on 1 September whether to proceed with a quota increase of 400,000 b/d for October. Each month from August through April, Opec+ has the option of approving or…
Continue ReadingDespite weak retail sales, the Australian dollar remains stable. The Australian dollar has gained ground in the Friday session. The AUD/USD currency pair is currently trading at 0.7256, up 0.28 % on the day. The Australian dollar has had a…
Continue ReadingOil prices rise as a storm approaches the Gulf of Mexico Crude is heading for weekly gains Oil prices rose during trading on Friday, negatively affected by fears of supply disruptions, after several companies in the Gulf of Mexico stopped…
Continue ReadingGold prices rose above the $1800 level, during trading on Friday, ahead of Federal Reserve Chairman Jerome Powell's comments. The yellow metal also benefited from the hawkish comments of the President of the US Central Bank in Dallas, Robert Kaplan,…
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