Oil prices rose on Tuesday when the Venezuelan opposition leader called on the military to support the end of Nicolas Maduro’s rule, after Saudi Arabia said the deal between producers to cut production could extend […]
The price of gold is now just below the price it was at the beginning of the year. The price rose 5% (around $65 per ounce by mid-February) as global ETF holdings of gold declined […]
After preparing for the worst, Wall Street received a pleasant surprise in the current earnings season. Instead of the start of a slump in earnings, corporate profits are now expected to be steady and to […]
The EUR / USD pair managed to reverse its early decline to its lowest level since May 2017 and rebounded quickly from 20-25 pips from the day low of $1.1118 per EUR. Despite stronger-than-expected US […]
US jobless claims fell more than a 49-year low last week, signaling the strength of the US economy. The Labor Department said on Thursday that initial claims for unemployment benefits fell by 5,000 to 192,000 […]
In the euro zone, the government debt rose more than 1 percent to 12.7 trillion euros ($14.3 trillion) on an annual basis in 2018, the European Union’s statistics agency said Tuesday. The highest amount of […]
Gold settled on Monday at a four-month low, touching on the previous session with support from a weaker dollar and expectations that the US would impose further restrictions on Iranian oil exports. Spot gold did […]
The US dollar managed to steady against a basket of major rivals on Friday after hitting a two-week high overnight, as data showed a strong US economy. Meanwhile, the euro was affected by weak manufacturing […]
The British pound has sunk yesterday, weighed down by fears that only very little progress was being made in cross-party Brexit talks. The GBP is still weak this morning, as the GBP / EUR pair […]
Saudi Aramco is 85 years old. The Saudi state-owned oil company is the largest in the world, helping the kingdom maintain its position as the biggest exporter of crude oil. Riyadh is looking to acquire […]
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