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The euro rose on Tuesday against a basket of global currencies, extending its gains for the third co...
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2025-09-09
A new review of the US labor market over the past year is scheduled to be released on Tuesday, with...
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2025-09-09
French industrial production fell 1.1% in July, reversing most of the 3.7% increase recorded in June...
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2025-09-09
Petrochemical industry executives told a conference in Singapore that US tariffs are putting increas...
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2025-09-09
Gold futures rose during the Asian session on Tuesday. According to the Comex classification of t...
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2025-09-09
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Oil prices rose during Tuesday's trading session on expectations that the actual increase in OPEC+ p...
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2025-09-09
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The euro rose on Tuesday against a basket of global currencies, extending its gains for the third consecutive day against the US dollar, reaching a seven-week high. This was as the US currency continued to sell off in the foreign exchange market, overshadowed by concerns about political stability in France, the eurozone's second-largest economy. The euro rose 0.15% against the dollar to $1.1778, its highest level since July 24, from the opening price of $1.1763. It hit a low of $1.1758
2025-09-09
A new review of the US labor market over the past year is scheduled to be released on Tuesday, with data widely expected to resonate in economic and political circles. Economists expect the US Department of Labor's Bureau of Labor Statistics to revise its employment data to show fewer jobs added between April 2024 and March 2025 than previously reported, with a potential reduction of between 400,000 and 1 million jobs. Economists will focus on looking for any clues that explain the recent deterioration in the US labor market
2025-09-09
French industrial production fell 1.1% in July, reversing most of the 3.7% increase recorded in June, according to data released Tuesday by the French statistics agency Insee. This decline was slightly worse than the 1.0% decline forecast by economists in a Wall Street Journal poll. July's decline largely offset the previous month's gains, which were driven by strong aircraft production in June
2025-09-09
Petrochemical industry executives told a conference in Singapore that US tariffs are putting increasing pressure on an already challenging sector. Ganesh Gopalakrishnan, head of petrochemicals trading at TotalEnergies, explained, according to Reuters, that if the tariffs persist, trade in the sector will see another 15% decline, adding to the 34% decline it has seen in the past five years. Sanjeev Vasudeva, an official at Haldia Petrochemicals, said at the conference that tariffs are making countries more protectionist, and that short-term investment planning has become more difficult due to overcapacity and volatility. However, he noted that Indian consumption remains healthy with stable growth, a rare bright spot for petrochemicals. Meanwhile, Bahrain Asmawi, Commercial Director of Malaysian Petronas Chemicals Group, said: “Tariffs are pushing Chinese products into our traditional markets, including Thailand, Indonesia, Malaysia, and Vietnam, because they are unable to export their products to the United States
2025-09-09
Gold futures rose during the Asian session on Tuesday. According to the Comex classification of the New York Mercantile Exchange, December gold futures were trading at USD 3,694.90 per ounce at the time of writing, up 0.48%. It had previously traded at a session high of USD 3,695.82 per ounce. Gold may find support at USD 3,573.70 and resistance at USD 3,695.82
2025-09-09
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Oil prices rose during Tuesday's trading session on expectations that the actual increase in OPEC+ production for October would be less than planned, and amid continuing concerns about further sanctions on Russian crude. OPEC+ has been increasing its production since April after years of cuts aimed at supporting the oil market. The decision to increase production for October came despite warnings of an impending oil surplus. Regarding sanctions, US President Trump stated on Sunday that he was prepared to move to a second phase of sanctions on Russia due to the war in Ukraine. Brent crude futures for November delivery rose 0.71%, or 47 cents, to $66.49 a barrel at 7:54 a.m. Mecca time, after rising 0.8% at yesterday's settlement. US crude futures for October delivery also rose 0.72%, or 45 cents, to $62.71 a barrel
2025-09-09
MetaTrader 5 platform is one of the most widely used and popular trading platforms in the world of f...
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It is a dynamic environment that brings together central banks and individual investors who trade fo...
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The Forex market is the largest and most active financial market in the world, with over 6 trillion...
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