Thursdays, session saw Oil prices surge, recovering from a seven-month- low, in the previous session, investors’ expectations that OPEC would reduce output further to support the market. Prices have been under pressure amid an ongoing trade dispute between the two global superpowers. US crude oil saw a rise of more than 2.5% to $52.34 a barrel, while Brent crude oil saw a 1.6% raise to $57.04 a barrel around 9:30 am Yew York time. Crude oil reached an all-time high of $147.27 a barrel in July 2008 and a record low of $1.17 in February 1946.
As investors turn risk-on equities this week, both Gold and Silver experienced a significant sell off, based on news that the US may remove tariffs on China. This led to US Stocks recording new all-time highs, with the Dow Jones up over 2.3% this week and a safe-haven trade wind down, as Gold and Silver slumped 2.3% and 5.2%, respectively.
Trade Ideas ahead of NFP The markets have been on a rollercoaster ride this week, digesting Central Bank decisions, monetary policy outlooks and trade war uncertainty. This all played a part for volatility this week, and this does not even include the decison to...
The trend of GDPUSD The US dollar and the pound were steady on Wednesday, and EU leaders are considering a request for a postponement of the Brexit, which is expected to extend the October 31 deadline by three months. European Council President Tusk said on Twitter...
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