Oil retreats, giving up some of the gains it made due to the decline in US inventories
News
Thursday, September 16, 2021 - 22:59
by Point Trader Group

Oil prices fell today, giving up some of yesterday's big gains on the back of a larger-than-expected drop in US crude oil inventories.By 0649 GMT, Brent crude was down 12 cents, or 0.2 percent, at $75.34 a barrel, after ... [read more]


OPEC Monthly Report: Expectations that global oil demand will exceed pre-pandemic levels in 2022
News
Monday, September 13, 2021 - 18:37
by Point Trader Group

OPEC has cut its forecast for global oil demand in the fourth quarter of 2021 due to the delta mutant strain, and said further recovery will be partially delayed until next year when consumption exceeds pre-pandemic rate... [read more]


Gold ends the week below $1800 an ounce
News
Friday, September 10, 2021 - 18:30
by Point Trader Group

The price of gold fell at the end of trading on Friday, to swing near its lowest levels in two weeks, as the strong US dollar affected prices, while investors sought to obtain signals that support the movement of the dol... [read more]


Markets Await The Annual Jackson Hole Conference Of Central Bankers
News
Thursday, September 09, 2021 - 17:54
by Point Trader Group

Markets are awaiting the annual Jackson Hole Conference of Central Bankers, which was held online last year amid the outbreak of the Corona virus.However, it appears that major monetary policy makers will not attend the ... [read more]


US Treasury Secretary renews pressure on Congress to raise US debt ceiling
News
Wednesday, September 08, 2021 - 18:46
by Point Trader Group

U.S. Treasury Secretary Janet Yellen on Wednesday urged Congress again to address the issue of the national debt ceiling, saying it was unclear how long Treasury efforts to fund the U.S. government would continue tempora... [read more]


Bitcoin drops more than 10% as El Salvador adopts it as legal tender
News
Tuesday, September 07, 2021 - 17:26
by Point Trader Group

Bitcoin fell on Tuesday after breaching $52,000 late Monday, hitting its highest level since May.The price action comes as El Salvador is preparing to adopt the largest cryptocurrency by market capitalization as legal te... [read more]


About 1.5 million barrels per day of US oil production in the Gulf of Mexico is still halted
News
Monday, September 06, 2021 - 19:27
by Point Trader Group

The US Bureau of Safety and Environmental Protection said on Monday that about 1.5 million barrels per day, or 83.87% of US oil production in the Gulf of Mexico, is still shut down after Hurricane Ida.He added that 80.78... [read more]


The US economy adds jobs below expectations and unemployment falls to 5.2% in August
News
Friday, September 03, 2021 - 20:08
by Point Trader Group

U.S. job growth slowed more than expected in August amid weak demand for services and persistent staff shortages as COVID-19 infections rose, but the pace is enough to sustain economic growth.The US Labor Department said... [read more]


Sterling nears two-week high, with gains against the dollar
News
Wednesday, September 01, 2021 - 19:57
by Point Trader Group

On Wednesday, the pound rose towards a two-week high against the dollar, benefiting from a drop in the US currency as investors sought out riskier assets.At 1800 GMT, sterling was trading at $1.3781, up 0.3 percent from ... [read more]


Wall Street closed modestly lower at the end of a strong performance for the month of August
News
Tuesday, August 31, 2021 - 21:26
by Point Trader Group

The three major indices on Wall Street closed modestly lower on Tuesday, but recorded a strong performance for the month of August, which is traditionally a period of calm for the US stock market.After all three indexes ... [read more]


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