The benchmark barrel price in the United States rose more than 26% this Wednesday. The day after it collapsed after a major US oil fund sold short-term black gold contracts. WTI gained 29% to $16 a barrel in e-commerce. It fell more than 21% on Tuesday after the US fund United States Oil Fund (USO) …
US oil rose while European stocks register slight gains Read More »
Gold is trading lower on Tuesday after investors have decided to ignore the poor economic performance during the day. They have opted for optimism before reopening several regional economies around the world. Besides, the metal is awaiting events starting tomorrow with the arrival of the central banks of the United States and the eurozone. Within …
Gold struggles to keep 1,700 due to optimism in the market Read More »
The global financial markets have been calm, which allowed most commodities to close the session with gains. The weakened dollar index approved an increase in the price of raw materials. Notably, the weakening of the US dollar increases the demand for commodities. It makes them more accessible to investors who hold another currency. Economic activity …
Industrial metals benefited from the weakening US dollar Read More »
Gold was trading higher on Thursday. After two days of gains, the metal is already trading at highs since April 14. Speculation that central banks will insert more money into the economy is causing the dollar to drop in price and is giving investors more liquidity to buy safe assets. In this framework, the main …
Gold accelerates and already operates at highs from April 14 Read More »
Cryptocurrency scam is a serious challenge to the regulators as well as law enforcement agencies. It takes time and effort to identify such scams. Moreover, another task is to charge people with crypto-related crimes. Recently, at the hearing with the U.S. Securities and Exchange Commission (SEC), a Texas federal judge Robert Pitman ordered bench warrants …
Cryptocurrencies offer a number of advantages compared to fiat currencies. However, there are certain problems as well. On April 21, a Texas federal judge ordered bench warrants for former Republican senator David Schmidt and cohort Robert Dunlap. Both of them failed to appear and the judge decided to take measures against them. This case is …
A Federal Judge, ex-Senator and Crypto-Related Crime Read More »
The prices of the oil marched with ups and downs, with a barrel of Brent selling at $ 27. West Texas Intermediate (WTI), the American benchmark, closed at $ 19. The Brent lost 21 cents (0.76 %) compared to the previous close of 27.69 a barrel. Meanwhile, US crude WTI for May deliveries, at 08:00 …
The price of gold has dropped in April and has risen 9% in the first two weeks of the month. Respected market analysts now believe that the yellow metal may hit $ 2,000 this year in a specific bullish chart pattern that has developed in recent weeks. Don’t buy gold now, suggests Baruch Bill Baruch, …
Gold hit its highest level in more than seven years since concerns have grown that the Coronavirus pandemic will have a devastating effect on the global economy. While the crisis is hammering corporate earnings, it is a supercharging demand for gold. The Coronavirus outbreak shifted the economies into recession. It pushed central banks to launch …
Gold prices surge as investors are escaping into the haven Read More »
Sydney-based stockbroker ACY Securities rolled out its MetaTrader5 platform called MT5 Xchange. The Australian Securities and Investments Commission-regulated broker offers hundreds of stocks from a few of the largest companies worldwide. The firm gives access to Nasdaq, the New York Stock Exchange (NYSE), and the Australian Stock Exchange (ASX). ACY’s new platform provides access to …
The primary forces working in the world of commodity trading are, of course, commodity traders. Different traders can vary by different practices and by which materials they deal with. These materials can be gold, silver, oil, lumber, wheat, corn, cattle, meat, basically any valuable raw materials you could think of. The traders usually deal with …
The Securities Industry and Financial Markets Association has recently advised brokers, bonds, and investors to stop trading for Good Friday. Thus, they will close the market an hour early, at 2 p.m. on Thursday, and it will remain closed on Good Friday. The Association is a notorious market adviser and is a brokerage-industry trade group …
Stock Markets Close on Good Friday and Easter Monday Read More »
Safe-haven currencies were in demand on Wednesday. The Japanese yen increased slightly versus the British pound to $1.2321, as well as the euro to $1.0878. Furthermore, the yen rose against the dollar by 0.1%. The U.S. currency traded lower to 108.55 yen by the end. The Japanese authorities issued a new policy to slow down …
The demand for safe-haven currencies rose on Wednesday Read More »
The U.S. dollar edged up on Wednesday after declining on Tuesday. Investors returned to safe-haven currencies, causing the greenback to rally against most majors after suffering its worst fall against a basket of currencies in almost two weeks. At first, safe-haven gains were slight, but they increased in morning trade as the two-day rally in …
U.S. Dollar soared after a short decline. What about Yen? Read More »
An exchange-traded fund (ETF) is a collection of different securities that you can invest in. They can be composed of different types of securities, including stocks, bonds and of course, commodities. In fact, a single ETF can include a mixture of these different types. Although they appear to be similar to mutual funds, they do …
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