US Crude Plunges 3% Below $69 on Supply Build, Delta Variant Concerns
Crude oil futures added to their losses in the middle of the trading week after the US government reported a surprise increase in domestic stockpiles….
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US Dollar Index (DXY) Slumps Amid Disappointing ADP Numbers, Falling Treasury Yields
The US dollar is weakening in the middle of the trading week as it joins the slump in the broader financial markets. From a disappointing…
Soybean Tries To Stay Above $13 As Chinese Imports Slide
Soybean futures are sliding on Tuesday as global demand shows signs of waning. It has been a roller coaster ride for soybean prices since hitting…
Turkish Lira Easing July Gains on Surging Consumer, Producer Inflation
The Turkish lira is is plunging against its major currency counterparts, including the US dollar and the euro. The lira is plummeting on soaring consumer…
Wheat Surges on Droughts Hitting Key Producing Regions, Strong Asian Demand
Wheat futures are climbing higher to start the trading week, bucking the downward trend seen across most of the commodities market. Wheat prices are mostly…
USD/INR Flat Amid IMF Downgrade, Growing Trade Deficit
The Indian rupee is struggling for direction to kick off the trading week as investors try to gauge the the currency’s direction following some critical…
Gold Settles Lower, Records July Gain on Higher Inflation, Weaker DXY
Gold futures will end the trading session in the red, but the yellow metal will notch both a weekly and monthly gain. Gold prices benefited…
USD/CAD Rises As Canadian Economy Contracts in May, Energy Prices Slump
The Canadian dollar slipped against the US dollar at the end of the trading week amid mixed economic data. The loonie has been struggling against…