Feb 10 2025, 14:17 The Bank of England (BoE) is expected to take a measured approach in adjusting its monetary policy, with Barclays (LON:BARC) analysts predicting that the central bank will hold off on more aggressive rate cuts until mid-year. While the BoE recently reduced the Bank Rate by 25 basis points to 4.5%, the…
Oil fell, joining a retreat in commodities and equity markets, as a soft outlook for China’s economy outweighed lower US stockpiles. Brent dropped toward $81 a barrel after gaining 0.9% on Wednesday, with West Texas Intermediate near $77. While Beijing further eased monetary policy on Thursday, there’s underlying concern that its slowdown will hamper crude demand. Equities and commodities including copper were…
Jan 20 2025, 08:10 Oil prices rose in early Asian trade on the prospect of fresh supply disruptions, ANZ research analysts said in a commentary. New US sanctions on Russia’s oil industry prompted many buyers to look for alternatives, analysts said. However, the recent gains may be short-lived as Trump has vowed to end the…
Mar 7 2025, 13:00 Silver (XAG/USD) oscillates in a narrow band during the Asian session on Friday and currently trades above mid-$32.00s, near its highest level in over a week touched the previous day. Moreover, the near-term bias seems tilted in favor of bullish traders and supports prospects for an extension of the weekly uptrend….
Oct 8 2024, 16:07 The Hang Seng Index plunged 2,173 points, or 9.4%, finishing at 20,927 on Tuesday after surging in the previous two sessions, as investors took profits following the index’s rise to its highest level since early 2022. Market sentiment was further dampened by disappointment over a media briefing in China, where no…
Silver’s (XAG/USD) accelerates its reversal from last week’s highs right above $39.00, to levels below $38.50, with bears testing support at Tuesday’s low of $39.35, amid a broad-based US Dollar strength on Wednesday. The US Dollar Index, which measures the value of the US Dollar against the world’s most-traded currencies, appreciates for the fourth consecutive…
