Silver prices middle range created during the summer

$XAGUSD Silver Prices Continue Higher as Trump Inauguration Weighs on Dollar

Silver Prices Continue Higher as Trump Inauguration Weighs on Dollar

Silver

  • Buz Investors Silver Prices Continue Higher The precious metal is trading at $17.19 per ounce at 10:40 GMT this morning, 0.44% higher from the New York close.
  • During the session, silver traded at a high of $17.29 per ounce and a low of $17.08 per ounce. In the New York session on Friday, silver rose 1.03% and closed at $17.12 per ounce, tracking gains in gold prices.
  • Immediate downside, the first support level is seen at $16.94 per ounce, while on the upside, the first resistance level is at $17.36 per ounce.




Silver Prices Continue Higher

Silver prices middle range created during the summer

Silver Prices Continue Higher Haven demand and unease approximately Donald Trump’s financial rules drove silver expenses better on Monday, as buyers entered into the safety of treasured metals after the brand new President’s the united states First inauguration speech.

March silver futures climbed 19 cents, or zero.9%, to $17.19 a troy ounce at 7:forty two am ET. expenses touched an intraday excessive of $17.29, which might have marked the highest settlement because December eight.

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Silver Prices Continue Higher

February gold futures climbed $nine.50, or zero.8%, to $1,214.forty a troy ounce. Bullion reached a consultation high of $1,219.forty, its maximum in over two months.

valuable metals have won in every of the closing 4 weeks, and seem poised to preserve the momentum alive as uncertainty about U.S. economic coverage weighs on threat sentiment.

On Friday, President Trump vowed to place “the us first” in a speech that struck a decidedly protectionist tone, raising issues that the new management may want to effect international alternate.

Political uncertainty sent the US greenback tumbling to multiple-month lows towards a basket of other important currencies. The greenback index fell 0.4% on Monday morning to attain one hundred.38. It became down as much as half a percentage earlier.

Commodities ( Gold ) ( Silver ) ( Lithium )




GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

GBPUSD Fed Rate Fallout Weighs on Pound

GBPUSD Fed Rate Fallout Weighs on Pound

GBP-USD

  • Buz Investors Fed Rate Fallout Weighs At 10:40 GMT, the pair is trading at 1.2456, with the Pound trading 0.19% lower against US Dollar from the New York close.
  • In absence of any major economic releases in UK today, investor sentiment would be governed by global macroeconomic factors. The pair witnessed a high of 1.2502 and a low of 1.2448 during the session.
  • On Friday, the Pound traded 0.18% higher against the US Dollar in the New York session and ended at 1.2480. Immediate downside, the first support level is seen at 1.2402, while on the upside, the first resistance level is situated at 1.2510.

Fed Rate Fallout Weighss

Buz Investors Fed Rate Fallout Weighs At 10:40 GMT, the pair is trading at 1.2456, with the Pound trading 0.19% lower against US Dollar from the New York close. In absence of any major economic releases in UK today, investor sentiment would be governed by global

Fed Rate Fallout Weighs GBP/USD has published sizable losses on Monday, erasing the gains visible inside the Friday session. In North American alternate, the pair is trading at the 1.24 line. On the discharge front, it’s a subdued begin to the week. US Flash services PMI slipped to fifty three.four, brief of the forecast of fifty five.2. This points to weaker boom in the offerings zone than expected. There are not any British releases on the time table.

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Fed Rate Fallout Weighs

There had been no surprises from the bank of britain on Thursday, because the BoE maintained interest fee tiers at zero.25%. As properly, the financial institution’s asset buy application remained pegged at 435 billion pounds. The British financial system has finished better than the BoE anticipated since the Brexit vote in June, which resulted in the financial institution losing plans to reduce prices in October. as an alternative, the financial institution adopted a neutral stance for economic policy. With inflation levels rising, a few analysts are predicting that the BoE should genuinely increase fees in early 2017. however, in a announcement on Thursday, the financial institution stated that with the pound gaining strength given that November (in particular towards the euro), inflation ought to weaken, which might lessen the want to elevate costs.

The Federal Reserve’s sector factor hike to zero.seventy five% was extensively predicted and priced in by the markets at near 100%. nonetheless, the sheer magnitude of the circulate induced a pointy rise by the dollar towards maximum important currencies.

major currencies: (EUR-USD) (USD-JPY) (GBP-USD) (USD-CHF), (USD-CAD), (AUD-USD)




Oil prices give up early gains as oversupply weighs

Oil prices give up early gains as oversupply weighs

Oil prices give up early gains as oversupply weighs

Oil prices give up early gains as oversupply weighs

Oil prices slipped after gains made earlier on Thursday and the previous day as overproduction and large volumes of unsold crude and ample refined products around the world weighed on markets.

Brent crude futures were trading at $42.72 a barrel at 1203 GMT, down 38 cents from their last close and down from an intra-day high of $43.65 a barrel.

U.S. West Texas Intermediate (WTI) crude futures were trading at $40.62 per barrel, down 21 cents, and after hitting an intra-day high of $41.41 per barrel and rising 3.3 per cent in the previous session.

“Prices began to recover following the publication of the U.S. inventory data [on Wednesday], and continued to do so into the morning,” Commerzbank said in a note.



“Maybe the surprise drawdown in gasoline inventories helped future prices remain stable but that does not change the fact: the U.S. is flooded with oil,” said Tamas Varga, lead oil analyst at London brokerage PVM Oil Associates.

Elsewhere, Iraq’s crude oil production in July rose to the highest level since January, to 4.632 million barrels-per-day compared with 4.559 million bpd in June, state-run oil marketer SOMO said on Thursday.

U.S.-based Schork Report said that the earlier price gains were a result of profit-taking from previous short positions that benefited from falling prices along with a fall in the U.S.-dollar since July.

Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened. Brent crude oil was down 50 cents at $42.97 a barrel by 1010 GMT, after touching $42.88, its lowest since April 20. U.S. light crude was down 20 cents at $41.72. U.S. government data on Wednesday revealed a surprise rise in crude and gasoline inventories. The build added to an already huge global refined product glut just as slowing economic growth dents the demand outlook. "U.S. commercial stocks are a good reflection of the oversupplied nature of the global oil market," said Tamas Varga, lead oil analyst at London brokerage PVM Oil Associates. Oil markets have been dogged by oversupply for the last two years and fell by as much as 70 percent between 2014 and early 2016, when Brent hit the lowest in more than a decade at around $27 per barrel. Markets have since recovered some ground but oil remains very weak and low refining margins are hurting energy companies. Energy major Royal Dutch Shell reported a more than 70 percent fall in quarterly profit on Thursday, well below analysts' estimates, as weak oil and gas prices further ate into revenue. Shell's net income came in at $1 billion in the second quarter, compared with expectations of $2.2 billion and $3.8 billion achieved in the same period last year.

Oil hits 3-month lows below $43 as oversupply weighs

Oil hits 3-month lows below $43 as oversupply weighs

 Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened. Brent crude oil was down 50 cents at $42.97 a barrel by 1010 GMT, after touching $42.88, its lowest since April 20. U.S. light crude was down 20 cents at $41.72. U.S. government data on Wednesday revealed a surprise rise in crude and gasoline inventories. The build added to an already huge global refined product glut just as slowing economic growth dents the demand outlook. "U.S. commercial stocks are a good reflection of the oversupplied nature of the global oil market," said Tamas Varga, lead oil analyst at London brokerage PVM Oil Associates. Oil markets have been dogged by oversupply for the last two years and fell by as much as 70 percent between 2014 and early 2016, when Brent hit the lowest in more than a decade at around $27 per barrel. Markets have since recovered some ground but oil remains very weak and low refining margins are hurting energy companies. Energy major Royal Dutch Shell reported a more than 70 percent fall in quarterly profit on Thursday, well below analysts' estimates, as weak oil and gas prices further ate into revenue. Shell's net income came in at $1 billion in the second quarter, compared with expectations of $2.2 billion and $3.8 billion achieved in the same period last year.

oversupply weighs Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened.

Brent crude oil was down 50 cents at $42.97 a barrel by 1010 GMT, after touching $42.88, its lowest since April 20. U.S. light crude was down 20 cents at $41.72.

U.S. government data on Wednesday revealed a surprise rise in crude and gasoline inventories. The build added to an already huge global refined product glut just as slowing economic growth dents the demand outlook.

“U.S. commercial stocks are a good reflection of the oversupplied nature of the global oil market,” said Tamas Varga, lead oil analyst at London brokerage PVM Oil Associates.

Oil markets have been dogged by oversupply for the last two years and fell by as much as 70 percent between 2014 and early 2016, when Brent hit the lowest in more than a decade at around $27 per barrel.

Markets have since recovered some ground but oil remains very weak and low refining margins are hurting energy companies.

Energy major Royal Dutch Shell reported a more than 70 percent fall in quarterly profit on Thursday, well below analysts’ estimates, as weak oil and gas prices further ate into revenue.

Shell’s net income came in at $1 billion in the second quarter, compared with expectations of $2.2 billion and $3.8 billion achieved in the same period last year.