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Gold was unable to see much buying after the massive destruction seen on Monday. The US stocks tried to recover after the beating on Monday. Federal Reserve Chair Jerome Powell has said that the US economy has a long...
Crude oil saw mixed movement in last session but sentiments were mostly supported. Economic cues were good as well. The existing home sales in the US climbed to their highest level in nearly fourteen years in the month of...
COMEX Copper saw a good recovery from one week low as low inventories on LME and some stability in equities supported the red metal. Falling mining output also offered some impetus for bulls. The International Copper Study Group (ICSG)...
The UK is imposing stricter lockdown measures, including forcing pubs and other hospitality venues to close at 10pm from Thursday, and sterling slipped 0.6 per cent against the dollar to trade at $1.274, its lowest level since July. The...
Gold tumbled as commodities went for a toss amid a heavy slide in equities. Global stocks slumped as rising Covid-19 cases in Europe and worries over economic growth hurt the sentiments. While stocks were hammered the safe-haven US dollar,...
Large energy speculators added marginally to their net long positions in the WTI Crude Oil futures market last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The...
Large base metals speculators increased their net long positions in the Copper futures markets further last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures...
Meanwhile Pound continues to drift lower amid UK health authority repeatedly warning for a possible lockdown in the UK economy. The piece of attraction in today's session will be Bank of England's Governor Speech in which he may hint...
Navigating Economic CalendarsEconomic calendars are available for free from financial and economic websites. These calendars vary from site to site, however, and although it is referred to as "the economic calendar," the actual calendar listings depend on the focus...
WTI Crude oil futures broke above $41 per barrel but stayed cautious as US stocks extended losses on weak tech counters. Oil stabilized around two week high as a new Tropical Storm emerged in the Gulf of Mexico off...