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  • US LABOUR REPORT TO SET THE TONE FOR COMMODITIES MARKETS, DOLLAR INDEX

    US LABOUR REPORT TO SET THE TONE FOR COMMODITIES MARKETS, DOLLAR INDEX0

    Commodities may see increased volatility next week as well with the return of Chinese markets from Golden Week Holiday Commodities remained volatile amid fresh supply tightness concerns, prolonged inflation worries and Fed’s commitment to tame inflation despite fears of recession Recent comments by Fed officials clearly indicate that the financial market instability did not dissuade

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  • Oil Slips Before U.S. Payrolls, but set for Best Week in 6 Months

    Oil Slips Before U.S. Payrolls, but set for Best Week in 6 Months0

    Oil Prices Fell On Friday As Markets Awaited More Economic Cues From A Closely-Watched U.S. Payrolls Report, But Were Headed For Strong Weekly Gains After The OPEC+ Announced Its Biggest Supply Cut Since The 2020 COVID Pandemic London-traded Brent oil futures fell 0.4% to $94.43 a barrel, while West Texas Intermediate crude futures were largely

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  • US dollar clings to gains as bets on further Fed hikes firm

    US dollar clings to gains as bets on further Fed hikes firm0

    THE Dollar Fought For A Footing In Choppy Trade On Thursday With Support From Upbeat U.S. Data And Hawkish Policymaker Comments While The Prospect Of Higher Energy Prices Helped Exporters’ Currencies And Weighed On Those Of Importers. The dollar rose 1% on the euro and 1.3% on sterling overnight and was trying to hold those

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  • OIL PRICES RISE TO NEAR $90 AS OPEC CUT LOOMS

    OIL PRICES RISE TO NEAR $90 AS OPEC CUT LOOMS0

    Oil Prices Rose Further On Tuesday As Markets Positioned For The Biggest Supply Cut By OPEC Since The 2020 COVID Crisis, With Weakness In The Dollar Also Helping. London-traded Brent oil futures, the global benchmark, rose 0.6% to $89.28 a barrel, while West Texas Intermediate crude futures rose 0.2% to $83.82 a barrel. Both contracts

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  • GOLD STEADIES ABOVE $1,650 AS SAFE HAVEN APPEAL CREEPS BACK IN

    GOLD STEADIES ABOVE $1,650 AS SAFE HAVEN APPEAL CREEPS BACK IN0

    Gold Prices Steadied Above A Major Support Level On Monday As Growing Risks Of An Economic Recession Spurred Some Safe Haven Demand For The Yellow Metal. Prices also recovered marginally from a bruising September, where they dropped 3%. Bullion prices marked their worst quarter since March 2021 with a 7.5% drop Spot gold rose 0.2%

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  • Investor Sentiment on Thin Ice Amid Rate Hikes and Swoon in Stocks

    Investor Sentiment on Thin Ice Amid Rate Hikes and Swoon in Stocks0

    Aggressive rate hikes and posturing by the Federal Reserve in an effort to bring down inflation, and the return of a bear market for U.S. equities have contributed to the most pessimistic sentiment among investors all year, according to our most recent survey of our daily newsletter readers. The survey, fielded from September 20-27, captured

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