Forex Market News

Forex Market News

Crude Prices Settle Higher as Middle East Unrest Continues

Investing.com - Investing.com – Crude oil prices settled higher on Thursday amid ongoing unrest in the Middle East while Saudi Arabia’s plan to slash crude exports lifted sentiment. On the New York Mercantile Exchange crude futures for December delivery rose by 36 cents to settle at $57.17 a barrel, while on London's Intercontinental Exchange, Brent added 47 cents to trade at $63.96 a barrel. Saudi Arabia plans to cut its crude exports by 120,000 barrels per day in December compared with November, slashing allocations to all regions, Reuters reported Thursday, citing a energy ministry spokesman. The reports of Saudi’s plan to reduce exports ...

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Bitcoin Falls 3%; Ethereum Surges 6%

Investing.com - Investing.com – Bitcoin fell on Thursday as traders expressed disappointment at the cancellation of a controversial upgrade to the popular digital currency's underlying software which would have potentially led to the creation of a new cryptocurrency. On the U.S.-based Bitfinex exchange, bitcoin fell to $7169.2, up $277.8, or 3.70% well below its recent high of $7895. Bitcoin's market cap fell to 119.96 billion. Developers behind the SegWit2x upgrade announced Wednesday that they were suspending plans for the upgrade, which was slated to activate around November 16. "Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize ...

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Gold Prices at 3-Week Highs as Investors Abandon Riskier Assets

Investing.com - Investing.com – Gold prices rose to three-week highs on Thursday amid a slump in the dollar on fears that the Senate would delay corporate tax cuts until 2019. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose by $4.05, or 0.32%, to $1287.84 a troy ounce. Gold prices added to gains from Wednesday’s session after the dollar fell on reports that Senate Republicans on Thursday will propose delaying a cut in the corporate tax rate from 35% to 20% until 2019. The news of a possible delay to corporate tax cuts ...

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Forex – Dollar Trickles Lower on Fears of Delay to Corporate Tax Cut

Investing.com - Investing.com – The dollar traded lower against basket of major currencies on Thursday amid fears the Senate would derail President Donald Trump’s tax reform plan after news surfaced that the Senate would delay corporate tax cuts until 2019. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell by 0.43% to 94.36. Senate Republicans on Thursday plan to propose delaying a cut in the corporate tax rate from 35% to 20% until 2019, The Washington Post reported on Thursday, citing four people briefed on the planning. The move to delay corporate tax ...

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Spain stocks lower at close of trade; IBEX 35 down 0.86%

Investing.com - Investing.com – Spain stocks were lower after the close on Thursday, as losses in the Building&Construction, Consumer Goods and Telecoms&IT sectors led shares lower. At the close in Madrid, the IBEX 35 fell 0.86%. The best performers of the session on the IBEX 35 were Mapfre (MC:MAP), which rose 1.90% or 0.051 points to trade at 2.732 at the close. Meanwhile, Tecnicas Reunidas (MC:TRE) added 0.30% or 0.085 points to end at 28.105 and Aena Aeropuertos SA (MC:AENA) was up 0.21% or 0.35 points to 162.85 in late trade. The worst performers of the session ...

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