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Crude Oil Futures Extend Gains To 7th Straight Session

Crude oil prices moved up sharply on Tuesday, extending gains to a seventh successive session, riding on optimism about U.S.-China trade discussions and reports about output reductions by oil producers. Crude oil futures for February ended up $1.26, or 2.6%, at $49.78 a barrel. On Monday, crude oil futures ended up $0.56, or 1.2%, at…

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Dollar Inching Higher In Cautious Trade

The dollar is up slightly against all of its major rivals Tuesday afternoon. While hopes for a trade deal between the U.S. and China have been driving equities higher, concerns over the continued partial government shutdown have left traders feeling cautious. Later tonight, President Trump is scheduled to deliver a national address on what his…

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U.S. Dollar Slides On Hopes Of Fed Rate Hike Pause

The U.S. dollar declined against its major counterparts in the European session on Friday, weighed by growing hopes that the Federal Reserve would hold off further rate hikes this year. The sell-off in dollar came after comments from Federal Reserve Chairman Jerome Powell, who said the central bank “will be patient” with monetary policy as…

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Gold Edges Higher As Dollar Slips

Gold prices are higher Monday morning, lifted by a weaker U.S. dollar ahead of release of the minutes of the Federal Reserve’s monetary policy meeting in December. The bank will release the minutes this Wednesday. However, with global stocks largely staying higher amid renewed optimism about a U.S.-China long term trade deal, the yellow metal’s…

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Crude Oil Prices Surge Higher

Crude oil prices are up sharply Monday morning, extending gains to a sixth successive session, amid easing worries about global growth and energy demand after reports indicated a possible meeting of U.S. President Donald Trump and China’s vice president Wang Qishan later this month. Meanwhile, the vice ministerial level talks between U.S. and Chinese officials…

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Eurozone Investor Confidence Lowest Since December 2014: Sentix

Eurozone’s investor confidence deteriorated for a fifth straight month in January to its lowest level in over four years, but the easing was less severe than expected, survey data from the behavioral research institute Sentix showed on Monday. The Sentix investor confidence index dropped to -1.5 from -0.3, marking the lowest level since December 2014.…

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Euro Little Changed After Eurozone Retail Sales

At 5:00 am ET Monday, Eurozone retail sales for November have been released. Following the data, the euro changed little against its major rivals. The euro was trading at 123.77 against the yen, 1.1239 against the franc, 0.8973 against the pound and 1.1443 against the greenback around 5:02 am ET. The material has been provided…

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German Construction Growth At 7-month High

Germany’s construction sector expanded at the fastest pace in seven months in December, led by strong growth in housing activity. The German Construction Purchasing Managers’ Index, or PMI, rose to 53.3 from November’s 51.3, survey data from IHS Markit showed on Monday. A PMI reading above suggests growth in the sector. Activity and new orders…

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Australia Has A$1.925 Billion Trade Surplus

Australia had a seasonally adjusted merchandise trade surplus of A$1.925 billion in November, the Australian Bureau of Statistics said on Tuesday. That was shy of expectations for a surplus of A$2.175 billion and down from A$2.316 billion in October. Exports rose A$532 million (1 percent) to A$38.445 billion. Non-monetary gold rose A$681 million (60 percent).…