Asian Traders Remain Active

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Crude Prices Keep Rising

On Tuesday, crude traders were cautious ahead of the API data release. Today, optimism in the energy market recovered. The WTI Crude Benchmark keeps trading above $61 a barrel. The quotes are supported by the news that OPEC has been following the oil production curb agreement by 92%. The quotes are supported by the news that OPEC has been following the oil production curb agreement by 92%. This reflects a serious intention to resolve […]

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Can Pound Remain in Demand?

Today, the British pound continues to grow steadily against the US dollar. Investors are waiting for the meeting of the Bank of England. While the results of the November Fed’s meeting are already known, the Bank of England keeps the majority of investors on edge. The bank is expected to tighten its monetary policy during the meeting scheduled tomorrow. The GBP/USD pair is trading around 1.3320. Investors also wait for the publication of forecasts for GDP and inflation. Today, the UK […]

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Daily Forex News and Analysis — November 1st 2017

US stocks closed higher on Tuesday, as gains in Consumer Goods, Technology, and Oil & Gas led shares higher. The Dow Jones rose by 0.12%, the S&P 500 by 0.09%, and the NASDAQ added 0.43% to its value. The US dollar traded higher against the other major currencies affected by economic report on manufacturing growth and consumer confidence that topped expectations. Today, the US ADP Non-Farm Employment Change is expected at 202K vs. […]

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U.S. Dollar Holds on To Gains Ahead of FOMC

Today at 2PM brings another FOMC rate decision, and while all eyes are on December for the next Fed move, Dollar bulls are holding on to support ahead of the statement.

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Next clueless as shares crash

The mood of uncertainty in the run-up to the fourth quarter and crucial Christmas trading season has put paid to the FTSE 100 stock’s recent share …

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More pain for Next as shares topple 8%

Despite delivering comparatively higher full price sales growth in the third quarter, markets were displeased by the FTSE 100 retailer’s latest update, …

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