|Day's range||62.33 - 63.73|
Adjusting interest rates has the potential to cause a chain reaction that can ripple through the economy, creating unforeseen impacts throughout every sector
The EUR/USD continue to trade on the defensive as softer inflation was confirmed in the Eurozone. German Q4 GDP was confirmed as expected and the Fed’s Monetary Policy report did not offer anything new. EUR/USD traded on either side of 1.2300 through the session, though has printed its fifth consecutive lower daily high, and has remained under its 20-day moving average since Tuesday.
Unlike Gold, the Silver still has some room before it can test the short-term ascending trend-line, at $16.40 now, which if conquered could trigger the metal’s fresh south-run to $16.25 and then to the $16.18 ahead of fetching it to the 61.8% FE level of $16.00.
Alt coins has had a tough week as crypto currencies continue to deal with the aftermath of the massive selloff. Because of this, the market looks likely to be difficult to hang onto for a significant amount of time.
___ Fed expects economic gains to prompt gradual rate hikes The Federal Reserve says it expects that the ongoing strength of the U.S. economy will warrant further gradual increases in interest rates this ...
April Comex Gold futures settled slightly lower on Friday and for the week as investors continued to react to the uncertainty over the number of Fed rate hikes in 2018 and a firmer U.S. Dollar. At 2135 GMT, April Comex Gold futures are trading $1330.90, down $1.90 or -0.14%. Gold is currently in a position to post its biggest weekly decline in 2 ½ months on the back of higher U.S. Treasury yields.
Oil futures ended higher Friday, maintaining gains after data showed the number of U.S. rigs rose by 1 this week. West Texas Intermediate crude for April delivery rose 78 cents, or 1.2%, to end at $63.55 ...
The strategy of Mexico's energy industry will likely be overhauled if the frontrunner for the next presidential term, Andres Manuel Lopez Obrador, wins the July election
Both the U.S. and China have a huge geopolitical interest in the upcoming Aramco IPO, which could have a major impact on the currencies of these global superpowers
Crude oil prices move higher on Thursday following an unexpected draw in inventories reported by both the EIA and API. The Department of Energy’s inventory report was released a day late due to the observance of the President’s Day holiday. Imports into the United States continue to decline, and demand for products remains robust. Domestic production in the U.S. actually declined in the latest week giving crude oil prices a boost.Technicals