Gold edged up on a plunging USD

Gold is helped by a slump in USD. Concerns of higher inflation may be positive for Gold. Gold is now trading around $1,333.00 a troy ounce, in the New York session, edging up by 0.06% and well off the earlier daily low of 1,320.78 on a


Fed’s Bostic crossing the wires

Fed’s Bostic has been crossing the wires in the US session, supporting the recent bullish outlook for the US economy and the Fed’s hawkish rhetoric of late. Fed’s Bostic: Things are continuing to look pp, citing the GDP Tracker. Fed’s Bostic: The Fed carefully calibrating return


Oil soared on a surprise US inventory drawdown

Oil surged on an unexpected US crude inventory drawdown. Oil is also helped by a slump in USD amid rising equities, softer yields. Crude oil/WTI is now trading around 62.90, in  the New York session, soaring by 2% on a surprise crude inventory drawdown and a


EUR/USD´s recovery loses momentum

EUR/USD retreats from its daily highs, but holds on to daily gains. Macroeconomic data being ignored, sentiment still leading the way. The EUR/USD pair regained the 1.2300 level, as despite EU data was generally negative, while US one came upbeat, major pairs are being led

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WTI firmer, moves north of $62.00 on EIA

Crude oil prices test highs above $62.00 on EIA report. Oil supplies dropped last week vs. a forecasted 1.8 mbpd build. Baker Hughes’ US oil rig count next on tap on Friday. Prices of the barrel of the West Texas Intermediate are navigating the area