Tag: Trading

Jul 20
In June, Canada’s inflation rate reached 8.1 % as gasoline prices rose.

In June, Canada’s inflation rate reached 8.1 % as gasoline prices rose. The annual inflation rate in Canada accelerated to 8.1 % in June, missing forecasts but remaining at its highest level since January 1983, according to Statistics Canada data released on Wednesday. Analysts expected annual inflation to reach 8.4 % in June, up from […]

Jul 20
Gold prices fall as US bond yields rise

Gold prices fell, on Wednesday, as pressure from strong monetary policy concerns and rising bond yields outweighed the relief from the dollar’s decline. This comes with the anticipation of central banks’ moves to counter inflation, which has hit record levels in many major economies. Gold Prices Today The price of gold futures contracts -December delivery- […]

Jul 18
Germany restarts 16 coal and oil power plants

Germany intends to restart 16 power plants running on fossil fuels, mainly coal and oil, to avoid electricity shortages due to an expected Russian cut in exports to Berlin, The Kyiv Independent reported on Sunday 17 July. The newspaper pointed out that German Chancellor Olaf Scholz stressed that his country did not intend to return […]

Jul 15
Gold prices are falling and heading for weekly losses

Gold prices declined during trading today, Friday, July 15, 2022, to continue their path of the fifth consecutive weekly decline. The continued rise in the dollar and fears of higher US interest rates affected the demand for the yellow metal. Gold Prices Today The price of gold futures contracts for August delivery decreased by 0.21%, […]

Jul 15
Oil prices rise 1%, and Brent crude is above $101

Oil prices rose by more than 1%, during trading today, Friday, July 15, 2022, after US statements that an immediate increase in Saudi oil production is not expected, following US President Joe Biden’s visit to the Kingdom. This comes with further support from indications that the US Federal Reserve may raise interest rates less sharply […]

Jul 13
Consumer inflation in the United States has reached its highest annual rate since 1981.

Consumer inflation in the United States has reached its highest annual rate since 1981. Consumer prices in the United States rose 9.1 % in June, the largest annual increase in more than four decades, as gasoline, food, and rent remained stubbornly high, bolstering the case for the Federal Reserve to raise interest rates by 75 […]

Jul 13
Gold prices rise marginally ahead of US inflation data

Gold prices rose marginally during trading today, Wednesday, July 13, 2022, and hovered near their lowest level in 9 months. This comes at a time when investors are awaiting the monthly US inflation data; Looking for clues on the way forward for the Federal Reserve’s monetary policy. Gold Prices Today The price of gold futures […]

Jul 12
Oil prices are down 3%, and Brent crude is below $103

Oil prices fell by more than 3% during trading today, Tuesday, July 12, 2022, with the increase in infections with the new Corona virus in China, the largest importer of crude in the world. And the Covid-19 injuries in China supported fears of a global economic slowdown, which affected the outlook for fuel demand. Oil […]

Jul 08
Following strong U.S. job data, stocks and currencies recovered after a brief dip.

Following strong U.S. job data, stocks and currencies recovered after a brief dip. Emerging market currencies and stocks pared some of their gains on Friday after a much stronger-than-expected increase in US payrolls bolstered the case for another major interest rate hike by the Federal Reserve, but they quickly returned to pre-data levels. The Fed’s […]

Jul 07
Oil prices rise .. Brent crude above 101 dollars

Oil prices rose, during trading today, Thursday, July 7, 2022, to regain some of the large losses incurred during the previous two sessions. Investors refocused on limited supplies, in conjunction with continuing fears of a global recession, after inflation in most countries of the world hit record levels. Oil prices today The price of the […]