The pound continues to lose high due to fears of investors from the effects of the Brexit, and falling this morning against the dollar by 1.2% to £ 1.261 rate of the dollar. It’s the pound 31-year low level versus the US currency.
US dollar
Market News Briefing – Oct. 7th 2016 07:40 (GMT+1)
The price of the gold went down yesterday by 1.2% to a price level of 1,253 dollars per ounce.
This is the lowest closing price of the precious metal since June this year.
Market News Briefing – Oct. 7th 2016 07:35 (GMT+1)
The price of the oil rose yesterday by 1.2%, and ended at a price level of 50.4 dollars per barrel, a record of four months.
Market News Briefing – Oct. 5th 2016 13:30 (GMT+1)
The US trade deficit rose in August by 3.3% to 40.7 billion dollars, while the market forecast stood at a deficit of 39 billion.
The US exports rose in Augst by 0.8% to 187.9 billion dollars, the highest level since July 2015.
Imports increased by 1.2% to 228.6 billion, the highest level in 11 months.
Market News Briefing – Oct. 5th 2016 09:45 (GMT+1)
Is the oil on the way to $50?
The price of the oil rises 1.1% and the WTI is now trading for 49.2 dollars, as investors continue to bet on the success of stopping the oil production from the OPEC countries.
Market News Briefing – Oct. 5th 2016 07:30 (GMT+1)
The US dollar strengthened yesterday and has reached a two months high, as when he broke a significant resistance level, because of the increasing expectations that the Federal Reserve will raise US interest rates by end of the year.
The US dollar strengthened by 1.1% against the Japanese yen.
The US dollar climbed against the British pound by 0.8% to US $ 1.2736 a pound, after earlier it been strengthened exchange of 1.2722 dollars to the pound.
It’s the highest level of the US versus the British currency since 1985.
The pound weakened in the last two days after the head of a British government Theresa May announced on Article 50 of the exit the uk from the European Union, and this will start within a few months.
The US dollar climbed by 0.1% against the Euro of 1.1199 dollars to the euro.
Market News Briefing – Sept. 30th 2016 07:35 (GMT+1)
The price of the WTI crude oil rose yesterday by 1.7% to 47.8 dollar per barrel, the highest level in the past month.
Market News Briefing – Sept. 29th 2016 07:00 (GMT+1)
Oil prices:
Following OPEC’s decision yesterday, an agreement to reduce the oil production to 32.5 million barrels a day, compared to 33.4 million, the oil prices jumped.
The WTI by 5.3% and was set at 47.05 dollars a barrel.
This morning there is a slight decline of 0.2% in WTI to 47 dollars per barrel.
The Brent falling by 0.5% to dollars 45.4 per barrel.
Market News Briefing – Sept. 28th 2016 08:30 (GMT+1)
There is a negative trend this morning (Wednesday) in the Asian stock markets.
The Japanese yen strengthened against the US dollar, and sends the shares of the country’s largest export to declines
Market News Briefing – Sept. 28th 2016 07:00 (GMT+1)
The WTI oil decreased by 2.7% yesterday and closed at a price level of 44.7 dollars per barrel.
The Brent oil was down by 2.9%, closing at a level of 46 dollars per barrel.
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