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Forex and Currency News Archive
Crude Oil - BREAKING: Port Harcourt Refinery Is Back, Begins Crude Oil Processing At 60,000bpd, Says NNPCL
The Nigeria National Petroleum Company Limited (NNPCL) has announced that its Port Harcourt Refinery in Rivers State has commenced crude oil processing. This was disclosed by the Chief Corporate ...
USDJPY - USD/JPY: Downside play – OCBC
USD/JPY turned lower, amid pullback in UST yields and USD. Bessent relief is the latest trigger behind the USD pullback. Pair was last at 154.41 levels, OCBC’s FX analysts Frances Cheung and ...
Oil Price - Pound, gold and oil prices in focus: commodity and currency check, 25 November
Traders expect the BoE to leave interest rates unchanged at 4.75% in the December meeting and prices in 75 basis points (bps) cut to 4% by 2025, according to Reuters. Investors will be closely watching speeches from BoE deputy governor Clare Lombardelli and external policy member Swati Dhingra,
Brent Oil - Oil heads for weekly gains as Ukraine war intensifies
Oil prices held steady on Friday, on track for a weekly rise of 5%, as the Ukraine war intensified and Chinese imports were set to increase in November. Brent crude futures climbed 33 cents, or 0.44%, ...
Gold Price - Gold Rate in Pakistan Posts Fifth Straight Increase in Record-Breaking Week
The price of gold in Pakistan continued its bull run on Friday as it posted the week’s fifth straight increase.   According to data issued by the ...
Crude Oil - Oil up on Russia-Ukraine missile exchange, outweighing US crude stock rises
LONDON :Oil prices rose on Thursday as Russia and Ukraine launched missiles at each other, overshadowing the impact of a bigger-than-expected increase in U.S. crude inventories. Brent crude futures ...
EURUSD - EUR/USD: Euro so far successfully defending the critical level of 1.0500 but risk of collapse remain high
The single European currency remains above the critical level of 1.05 with investors being conservative enough to take further large bets in favor of the US currency, but on the other hand, so far ...
EURGBP - FOREX: USD Buying Persists, EUR/GBP Could See Routine Dip-Buying
The persistent, but gradual, grind higher for US yields across the morning continues to make itself felt via a stronger USD into the NY crossover, cementing the USD's position as best performer on the ...
Silver Price - What is Gold Silver Ratio? What current levels signify?
Gold silver ratio is a metric widely used in the commodities market. This is as the ratio tells about the strength of gold in comparison to silver or simply speaking an outlook on which precious metal ...
USDJPY - USD/JPY: Pullback in USD can extend to 153.20 – UOB Group
The US Dollar (USD) could trade in a choppy manner, likely between 153.80 and 155.10. In the longer run, pullback in USD could extend to 153.20, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann ...
Oil Price - Pound, gold and oil prices in focus: commodity and currency check, 19 November
Gold prices rebounded on after suffering their largest weekly decline since 2021, as traders recalibrated expectations for future US Federal Reserve rate cuts. The outlook for monetary policy has been influenced by the return of Donald Trump to the White House next year.
GBPUSD - GBP/USD: Looking for Support Against the US Dollar
The British pound initially did try to rally during the trading session on Friday but gave back gains as it looks like we continue to struggle overall. The 1.2650 level is an area that's been ...
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