Gold and Oil down as the US dollar rallies upward

Gold and Oil down as the US dollar rallies upward

The morning Asian market witnessed chief commodities like oil and gold going down. Meanwhile, the dollar gained strength while investors are eagerly waiting for the policy decision by the Federal Reserve.  Gold futures were down to $1,746.05, losing 0.31 per cent by 4:14 AM GMT (12:14 PM ET). It hit the lowest level since August […]

Latest Chinese Strict Rule Impacts Asian Stocks To Get Mixed

Latest Chinese strict rule impacts Asian stocks to get mixed

China’s latest regulatory steps got strict as Asia pacific stocks were mixed on Friday morning. Shanghai Composite was up 0.21% by 1:55 AM GMT. China Evergrande company has been in huge debt for a long time, and it keeps growing day by day. At the same time, the Shenzhen component was down 0.23%. Strict regulations […]

Dollar Once Again loses Strength, Traders Gaze At Taper Stimulus

Dollar once again loses strength

Against the major peers, the US dollar lost its sheen once again and drifted near the middle range on Thursday. It happened because traders focused their gaze on the meeting of Federal Reserves to be held next week. They are waiting for the clue to know when the US Central bank’s stimulus taper would begin.  […]

Oil surges six weeks high following disruptions

Oil surges six weeks high following disruptions

Tuesday witnessed oil surging a six week high after the concerns over the next storm hitting the oil refiners occurred in Texas this week. Currently, the US oil-producing companies are struggling to recover from the effects of Hurricane Ida that unleashed havoc on the Gulf Coast.  It was the third straight day when the oil […]

Oil prices continue the rising streak

Oil prices continue the rising streak

Continuing the previous sessions increase, the oil prices hiked on Monday morning following the concerns over the output in the US due to the damage caused by Hurricane Ida. The higher demand and less supply boosted the expectations in the market.  The Brent Crude surged by 0.5 per cent or 33 cents to USD 73.25 […]

Oil hikes on Friday as US markets signal tightness

Oil hikes on Friday as US markets signal tightness

Friday witnessed a surge in oil prices after the growing indication of tightness in the United States’ markets. It is happening as the post effect of Hurricane IDA hit output offshore. Meanwhile, benchmarks were going for 1 per cent weekly losses after the announcement of plans by China to sell its strategic reserve oil.  The […]

Dollar peaks one week high, Euro dips

Dollar peaks one week high, Euro dips

Wednesday witnessed the dollar rate hovering one week high, giving new hopes to investors. It was buoyed by weaker euro and huge treasury yields. Interestingly, the policy decision by European Central Bank is seeing some caution by investors.  Against the peers, the dollar index changed a little to reach 92.553. It remained slightly under Tuesday’s […]

Traders depend on Central Bank Policy Decisions after Dollar Slips

Traders depend on Central Bank Policy Decisions after Dollar Slips

The dollar hit the low in the opening session on Tuesday as traders are now waiting for Australia’s central bank policy decision. This week, the central bank’s meetings in Europe, Canada, and Australia focus on making progress for policy normalisation.  Policymakers put extra pressure on the dollar after data was released on jobs this Friday. […]

Dollar prices hike in Asian market during early trading

Dollar prices hike

The dollar prices in the Asian market exhibited some might and surged on Monday. However, it remained at the month’s bottom after investors postponed their expectations on asset tapering by the US Federal Reserve.  Meanwhile, the US Dollar Index surged to 92.165 by 0.14% at 2:51 AM GMT (10:51 PM ET). The USD/JPY pair climbed […]