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The precious metal gold is looking to trade bullish above 1,944 level amid weaker U.S. dollar. The Federal Reserve Chair Jarom Powell is expected to keep policy dovish for the extended period, driving bullish bias the precious metal gold. Check out the gold price forecast video to learn more about it.
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Forex Market: USD/CAD trading outlook for August 18th 2016 Yesterday’s trade (in GMT terms) saw USD/CAD within the range of 1.2831-1.2919. The pair closed at 1.2844, edging down 0.14% compared to Tuesdays close. It has been the 151st drop in the past 318 trading days and also an eighth consecutive […]
WTI futures decline on weak US data, supply concerns check losses West Texas Intermediate crude fell on Friday after an unexpected decline in US retail sales and an increase in the number of people filing for initial unemployment payments raised concerns over the recovery state of the worlds biggest economy. […]
US stocks surge as investors wait for Bernanke to set direction US stocks map was all green yesterday with the S&P 500 offset last week decline. Investors still wait for more clarity on the subject of reducing bond purchasing program. It is expected from Fed’s Chairman, Ben Bernanke, to make a […]
Gold rebounds from one-week low as USD softens Spot Gold bounced off a one-week low on Tuesday, as the US Dollar softened and oil prices decreased.There is a bit of market optimism that diplomatic efforts between the United States and Iran could continue, even after peace talks over […]
SAP share price down, to reduce worker numbers by 2 250 SAP SE plans to reduce its workforce by around 3% as Europe’s largest software developer continue to shift its focus on providing services over the Internet.Around 2 250 of the companys total of 74 000 employees will part ways with SAP, […]