Thu, Aug 29, 2024
Forex traders said market is awaiting cues from the US GDP and the US Personal Consumption Expenditure (PCE) inflation data, as this data point is crucial as it could sway the Federal Reserve's decision on whether to implement a 25 or 50 basis point rate cut at its September meeting.
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Mon, Jul 10, 2023
Oil prices dipped in early Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, while expected crude supply cuts from Saudi Arabia and Russia supported the market.
Thu, Jul 07, 2022
Oil prices slipped in early Asian trade on Thursday, after hitting a nearly three-month low during the previous session, as fears of a potential global recession spurred concerns about oil demand.
Thu, Oct 18, 2018
MSCI broadest index of Asia-Pacific shares outside Japan fell 0.2 percent, while the Australian benchmark also dropped 0.2 percent.
Thu, Dec 21, 2017
Gold has also been steady technically, he said, with support for the yellow metal at $1,260 an ounce and resistance at its 200-day moving average around $1,269.
Mon, Dec 04, 2017
Higher rates tend to boost the dollar, making the greenback-denominated gold more expensive for buyers using other currencies. An increase in rates also reduces the incentive for investors to hold onto the non-interest-bearing metal.
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