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Russia, Saudis move at a different pace as Oil cuts scrutinized

Russia and Saudi Arabia head to this weekend’s OPEC committee meeting as the tortoise and rabbit of a global deal to cut Oil supply, with Moscow sticking to a slow and steady pace despite Riyadh’s sweet-talking. OPEC’s de-facto leader Saudi Arabia

Dollar slumps after Evans reinforces rate outlook

On Tuesday, in early Asian sessions, the Dollar was on the defensive, after Chicago Federal Reserve President Charles Evans reinforced the perception that the US Central Bank won’t accelerate the pace of its interest rate hikes. Evans strengthened the Central Bank’s

Merkel, Abe Call for EU-Japan deal to stem trade barriers

The Chancellor Angela Merkel and the Japanese Prime Minister Shinzo Abe called for a concerted effort to defend free trade, saying global markets can be both open and fair. After the US President Donald Trump and Merkel held inconclusive talks at

British Pound surges against the Dollar; Pressured Dollar after FOMC disappointment

On Wednesday, the Sterling jumped 1.1% against the US Dollar, pulling away from a two-month low of $1.2110 after surging 1.2% overnight as Dutch center-right prime Minister Mark Rutte scored a resounding victory over anti-Islam and anti-EU Geert Wilders in an

Japan’s Nikkei slips on firmer Yen before Fed

During the night on Wednesday, Japan’s Nikkei Share average slipped dragged down by a firmer Yen as investors were waiting for the US Federal Reserve’s monetary policy outlook later in the day. Toshiba Corp. was once again under the spotlights, as

Last week recap: Dollar rises against the Yen; Gold falls below the $1,200

Last Friday, the Dollar firmed to six-week highs against the Yen, on track for weekly gains against most rivals as investors were waiting for US job data that are likely to reinforce expectations of a Federal Reserve interest rate hike next

Oil slides the most in more than a year while the Dollar strengthens on strong US ADP jobs data

Since Wednesday, the Dollar rallied against its peers after a surge in US private-sector jobs in February firmed expectations that the Federal Reserve will raise rates next week, pushing the benchmark US Treasury Yields to their highest since December 2016. The

Pharma, bank stocks pull Wall Street lower

Yesterday, US Stock prices closed lower as weakness in drug and financial Shares sent the S&P 500 and Dow Jones Industrial Average to their first consecutive sessions of declines in more than a month. Pharmaceutical Stocks came under pressure after US

Futures fall amid North Korea missiles; Trump wiretap talk

On Sunday, US Stock Index Futures fell amid news of North Korea’s firing of four ballistic missiles and President Donald Trump’s accusation that his predecessor, Barack Obama spied the premises of the Trump Tower through wires. US Stocks have climbed to

Sterling falls as the general mood turns gloomy

On Wednesday, Sterling edged lower to a six-week low of $1.2261 after a series of disappointing economic releases exacerbated the impact of the Dollar’s rally and suggested that the UK economy was beginning to suffer from the uncertainty around Britain’s planned