Gold’s Next Move Hinges on GDP Data – 27 April, 2017

The first-quarter gross domestic product report that will be released April 28 could hold significant implications for gold prices. These have fallen somewhat in the wake of the first round of the French election last weekend. Equities, meanwhile, have rallied on the failed Schadenfreude trade that had been weighing on stocks and the euro. But…
Read more

Dollar index edges up, but poised for losing month – 27 April, 2017

The dollar edged up in Asian trading on Friday but was on track for a losing month against a basket of currencies, while the euro shed some of its monthly gains after the European Central Bank maintained its easing bias. The dollar index, which tracks the greenback against a basket of six major rivals, edged…
Read more

Oil prices fall on lingering oversupply concerns – 26 April, 2017

Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were trading at $49.34 per barrel at 0137 GMT, down 28 cents, or 0.56 percent from their last…
Read more

Oil prices stable after big draw in U.S. crude inventories – 26 April, 2017

Oil prices rebounded from early losses on Wednesday after U.S. government data showed a larger-than-expected falloff in crude inventories, which encouraged buying after several days of selling on worries that a global crude glut was persisting despite output cuts by producing countries. U.S. crude prices stayed higher, while Brent edged back into negative territory but…
Read more

Stocks Slip, Dollar Pares Gain in Policy Whirlwind – 26 April, 2017

U.S. stocks erased gains to end near session lows, while the dollar pared its advance as investors assessed a whirlwind of policy speculation that whipsawed assets throughout the day. The S&P 500 Index halted a two-day rally spurred by anticipation President Donald Trump’s plan to overhaul taxes would boost economic growth, as officials left unanswered questions…
Read more

Pound Bulls Emboldened by Election Look Ahead to Key Milestone – 26 April, 2017

The case for the pound to climb above the psychologically important level of $1.30 is strengthening, as technical indicators point toward an extension of its post-election announcement rally and bearish options bets lose traction. Sterling’s move above $1.28 after Prime Minister Theresa May announced snap elections last week has proved more than a knee-jerk reaction, with the…
Read more

FX Pairs Prices

Commodity Prices

Global Markets

Powered by Arab Forex Advisors