Stocks, U.S. yields fall on U.S. policy doubts, Barcelona attack

NEW YORK (Reuters) - World equity markets and U.S. bond yields fell while gold rose on Thursday as investors favored safe-haven investments amid growing skepticism U.S. President Donald Trump, embroiled in controversy, would achieve his economic agenda. Adding to investor concerns was news that a van had slammed into crowds in the Spanish city of Barcelona, killing 13 people, according to media reports, in an attack police were treating as terrorism. U.S. dollar trading was volatile and U.S. T...
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Gold and Oil Moving Higher Steadily

Gold prices continued to move steadily higher, something which has been happening for the past 3 weeks and it is no longer a surprise. The prices have been moving slow and steady and that is one of the reasons why there has not been any shock and awe with regard to its movement. The euro has also been moving at almost the same speed higher but the euro seems to be getting all the attention as the volatility in the currency is much higher due to the pullbacks, corrections and then the bounces. On...
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Fed says stimulus wind down to begin ‘relatively soon,’ leaves rates unchanged

The Federal Reserve laid the groundwork Wednesday to begin winding down shortly the massive stimulus program it embarked on to rescue the economy from the financial crisis. As expected, the Fed also unanimously declined to raise interest rates this month. After its two-day policy meeting, the Federal Open Market Committee released a statement containing key language that points to starting the move in September. At that time, the central bank will begin rolling off the $4.5 trillion portfolio...
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Why Oil Price Weakness Is Not Really a Big Deal Anymore

The big story in June was crude oil price weakness and its limited impact on equities markets. As at July 3, 2017 Brent Crude Oil was trading at $48.98 per barrel, and WTI Crude Oil was trading at $46.33 per barrel. The 52-week range of Brent Crude Oil is $44.35 on the low end and $60.21 on the high end. With WTI Crude Oil, the 52-week trading range is $42.05 on the low end and $58.30 on the high end. The correlation between crude oil prices and Wall Street indices is an important one. Until a...
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Have oil prices stopped plunging?

by Matt Egan Just six months ago, many on Wall Street thought $60 oil was a slam dunk. That turned out to be a terrible bet. Crude oil prices plunged to $42 a barrel last week, sinking into a bear market amid renewed concerns about a massive supply glut that just won't go away. Some even feared a return to the sub-$30 prices that spooked global investors early in 2016. But there are signs that the notoriously-moody oil market may have gotten a bit too pessimistic. After crashing more than...
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Gold Prices Correct As Expected

Gold prices had some price action that was on expected lines. We had mentioned in our forecasts over the last few days that the prices would find some support in the 1240 region and once it began to consolidate for some time over there, it was clear that it was preparing itself for a bounce and thats what we saw as the prices began to bounce. We had then set our targets near the 1260 region and had expected the prices to reach there and then begin to start correcting again as the next leg of the...
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Oil inches up in quiet holiday trade, focus on crude glut

By Nia Williams Oil prices rose slightly on Monday, barely paring last week's steep losses with the market remaining cautious as increases in U.S. drilling activity have undercut an OPEC-led push to tighten supply. Trading was subdued due to public holidays in China, the United States and Britain. The market remains uncertain about whether the extension of output cuts by OPEC and other producing countries will be enough to support prices. Brent crude futures LCOc1 settled up 14 cents, o...
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Brent crude falls to five-month low, erases gains since OPEC agreed to cuts

FILE PHOTO: A worker walks past a pump jack on an oil field owned by the Bashneft company near Nikolo-Berezovka, Bashkortostan, Russia , January 28, 2015. REUTERS/Sergei Karpukhin/File Photo By Scott DiSavino NEW YORK (Reuters) - Brent crude oil prices fell on Tuesday to its lowest level in over five months, erasing all of the gains since OPEC agreed to cut production at the end of November, after breaking through a key technical support level. The market was already trading lower pri...
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Oil edges higher on weaker dollar after sell-off

By Karolin Schaps LONDON (Reuters) - Oil prices ticked higher on Friday, recouping some of the previous session's losses, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed weak compliance with a global deal to cut output. Global benchmark Brent was up 7 cents at $55.15 a barrel at 1252 GMT, recovering some of Thursday's losses that amounted to more than 2 percent. WTI futures traded at $52.64 a barrel, up 3 cents on the previous clo...
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Oil prices move lower after testing new water

By Daniel J. Graeber. Feb. 22 (UPI) -- Crude oil prices moved lower early Wednesday after running into a wall in the midst of the euphoria surrounding OPEC's latest rhetoric. Crude oil prices moved sharply higher in Tuesday trading after the secretary-general of the Organization of Petroleum Exporting Countries boasted of the strong support from an agreement to limit total production to 32.5 million barrels per day. "There was nothing new in the OPEC headlines but they always get some suppo...
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