Without further details or follow-ups on the US-China trade war, oil and petroleum prices decline this Monday. Prices stopped rallying after. Looking at it, the somewhat ceasefire between the feuding giants is what the American economy needs. However, it wasn’t enough to keep prices rallying as traders seek further clarity on the agreement. WTI crude …
Oil and Petroleum Prices Slip on Absent Agreement Details Read More »
Oil petroleum traders rejoice as prices rally after Trump agrees to a partial trade deal with Beijing. Bulls advance this Friday, pushing prices to ranges last seen in September. The WTI crude oil contract surged 0.52% or 0.31 points in trading sessions. Prices go forth from their previous close of $59.18 to $59.49. WTI crude …
Trump Agrees to Deal, High Hopes for Oil Petroleum Read More »
The greenback fell lower against the Australian dollar yesterday after the Reserve Bank of Australia decided to hold rates. Apart from the Aussie’s strength, the is also under pressure from the unsettling factory PMI earlier this week. As projected, the monetary policy committee of the RBA decided to hold on to current rates at 0.75%. …
The Greenback Dives Against the Aussie After RBA Decision Read More »
The greenback fights to recover some of its losses from yesterday’s weak manufacturing data. News from Trump’s new tariff announcement isn’t also making it better for the buck in today’s sessions. Yesterday, the United States Institute for Supply Management released the November factory PMI results. Traders were discouraged as the sector remains in contraction territories …
The Greenback Struggles to Recover from Weak Economic Data Read More »
Spot gold price inches up in today’s trading after the news from the trade war revive gold bulls. In the past sessions, the lack of sureness about the direction of the controversial dispute was confusing traders in sessions. Just in, Chinese state-owned media published that Chinese and US diplomats held another phone call. According to …
Spot Gold Price Hikes After Trade War News | Wibest Read More »
Oil and petroleum prices go up in today’s trading as traders focus more on trade war news. Oil bulls kickstart the week with a positive tone as they take advantage of the latest news about an agreement. West Texas Intermediate or WTI crude contract went up by 0.36% or 0.21 points this Monday. WTI crude …
Trade War Buoys Oil and Petroleum Prices Today | Wibest Read More »
Crude oil and the precious metal gold fell as investors regained confidence from news about US China tariffs. Surprisingly, both commodities fell despite traders hoping that oil prices would rise. Mixed sentiments in the market is arguably the reason for both contrasting items’ fall this Friday’s session. Some traders are seeing more light to the …
Oil and Gold Prices Tumble from US China Tariffs News Read More »
Traders have been rejoicing lately as the trade war between the United States and China starts to ease. However, the trading agreement for US farm goods could be derailed by Brazilian soybeans. The Chinese government and firms are clearing their way to have more room for American agricultural products. Unfortunately, there is one factor that …
Brazilian Soy Threat US Farm Exports | Wibest Broker Read More »
Grain markets and futures went down in trading sessions following US-China trade war news. Corn, rice, and wheat futures all declined on Wednesday’s trading, while the US soybeans contract steadied. The United States corn futures lost 0.58% or 2.26 points in today’s session. A bushel of corn currently trades for $390.62, sliding lower from its …
The USD to CNY exchange rate fell in today’s sessions as the Chinese yuan strengthened. Both currencies gained against their other pairs in Monday’s trading. However, when paired together, the greenback didn’t stand a chance against the yuan as the USD to CNY edged lower. Ideally, traders would expect the yuan to lose after …
USD to CNY Falls Despite Chinese Data | WibestBroker Read More »
The US dollar bill fell against other major currencies yesterday after Donald Trump’s comment revived trade war hopes. The US dollar index, or DXY, slipped by 0.06%, or 0.06 points, ranging between 98.86 and 99.13 in sessions. And the US dollar futures for December 19 slipped harder, declining 0.12%, or 0.119 points, in Thursday’s trading. …
Petroleum and oil prices went up in sessions after the United States announces new sanctions for Chinese firms. The US imposed new sanctions on Chinese companies for engaging and transacting with Iran. According to reports, Washington claimed that the firms violated the White House’s curbs on Tehran. In a press release, the US Secretary …
Petroleum and Oil Prices Rise After New US Sanctions Read More »
The US dollar bill slipped and fell against other major forex players in Thursday’s sessions. News about the renewed confidence for the US-China trade war has caused the greenback and its indices to fall today. The US dollar index or DXY slipped by 0.07% or 0.07 points, reaching ranges between 98.86 and 98.97. Meanwhile, the …
Even after the ECB’s massive QE bomb yesterday, the BOJ might hold onto its current monetary policy. The stabilized markets and highly resilient domestic demand in Japan could help the BOJ stand against pressure. Policymakers around the globe, including BOJ’s officials, are scheduled for a meeting next week in the wake of ECB’s quantitative easing. …
United States President Donald Trump agreed to delay the sanctions on over $250 billion worth of Chinese goods. The US president’s order will take effect for two weeks, starting on October 1 to 15. President Trump said on Wednesday that the suspension is a gesture of goodwill towards China. Trump said the postponement was a …
