Oil Prices Drop: Crude oil prices fell to their lowest in a month.
Trade War Impact: The trade war between China and the U.S. is getting worse.
China’s Tariffs: China plans to add up to 15% tax on U.S. oil, gas, and coal.
Less Demand: People worry China will buy less oil.
More Supply Worries: There are also concerns about too much oil in the market.
XAG/USD RISES TO NEAR $32.60 AS USD CORRECTS AHEAD OF US NFP Silver (XAG/USD) has risen to approximately $32.60 during European trading hours on Friday, as the US Dollar (USD) experiences a correction ahead of the upcoming US Nonfarm Payrolls (NFP) report. The US Dollar Index
US STOCK INDICES FUTURES EXTENDED GAINS WHILE GOLD (XAU/USD) RECENT LOSSES FOUND SUPPORT AT THE 20-DAY MA In the Asian session on Friday, US stock index futures reversed early losses. The S&P 500 and Nasdaq 100 E-mini futures initially fell 0.4% and 0.3%, respectively, following
NZD/USD APPRECIATES TO NEAR 0.5950 AHEAD OF NONFARM PAYROLLS REPORT The NZD/USD pair is trading around 0.5950 during the early European hours on Friday, indicating a retracement from its recent losses. The pair is consolidating near the 0.5950 level, a key psychological support, as investors
USD/CAD PRICE FORECAST: TESTS 1.3800 SUPPORT AFTER PULLING BACK FROM NINE-DAY EMA The USD/CAD pair is trading around 1.3810 during early European hours on Friday, indicating a retracement from its previous gains. The daily chart reveals that the pair is attempting to break above a descending