Japanese Yen Strengthens Despite Bearish FY Economic Forecast
The Japanese yen is strengthening against some of its currency rivals at the end of the trading week. The yen has been gaining mostly on…
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Natural Gas Adds to Weekly Gain Amid Rising Temperatures, Consumption
Natural gas futures are adding to their weekly gains at the end of the trading week, driven primarily on rising temperatures that will inevitably increase…
US Dollar Surges As Broader Financial Market Slides on COVID-19 Woes
The US dollar is surging against most of its major currency rivals on Thursday as the broader financial market slides. The greenback had started the…
Palladium Erases Most of Intraday Rally, Still Poised to Settle Session Higher
Palladium futures skyrocketed as much as 4% on Thursday, but the broader financial market decline pared the industrial metal’s rally. Palladium prices had found support…
Canadian Dollar Strengthens on USD Weakness Despite WWII-Level Deficit
The Canadian dollar is strengthening against several of its currency counterparts in the middle of the trading week, despite the federal government recording its largest…
Copper Futures Soar to Six-Month High on Foreign Demand, Chile Fears
Copper futures are trading at their best levels in about six months on foreign demand and potential supply disruptions in Chile due to COVID-19. After…
Gold Settles Above Nine-Year High Amid Coronavirus Resurgence
Gold futures are rallying on Tuesday as the yellow metal topped $1,800 and looks to reach $1,900. The precious metal continues its impressive 2020 as…
Brazilian Real Flat on Strong Auto Data, Bolsonaro Diagnosed With COVID-19
The Brazilian real is trading relatively flat on Tuesday as investors digest the latest automobile data and bearish economic outlook. Global financial markets are also…