Dow Retreats to Low 19,900 Region After Scraping 20,000 Mark

Dow Retreats to Low 19,900 Region After Scraping 20,000 Mark

The Dow Jones Industrial Average was holding at 19903.60 at 14:15 EST after a day of decline in the first trading session subsequent to the index scraping the coveted 20,000 mark by less than a decimal point in Friday's trading session. After weeks of sporadic increase the prospect of 'Dow 20k' entered the minds of … Continue reading Dow Retreats to Low 19,900 Region After Scraping 20,000 Mark

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Despite Beijing’s Efforts, the Yuan Continues to Plummet

Despite Beijing’s Efforts, the Yuan Continues to Plummet

Attempts by Beijing to stem or reverse the fall of the yuan appear increasingly futile as the currency continues its depreciation against the dollar, reversing gains it had made in trading sessions on January 4 and 5. The yuan had managed to increase its position against the U.S. dollar as Beijing announced new measures to … Continue reading Despite Beijing’s Efforts, the Yuan Continues to Plummet

Oil Prices Fall on Fears of U.S. Shale Production Increase Combined with Weariness of OPEC Deal

Oil Prices Fall on Fears of U.S. Shale Production Increase Combined with Weariness of OPEC Deal

Despite optimism experienced in previous trading sessions regarding the OPEC supply cuts ironed out in the November oil production deal last year, fears of a U.S. shale production increase combined with an apparent rise is scepticism regarding OPEC's capacity to maintain the promised production cuts have pushed oil lower. Brent crude oil, the global benchmark had … Continue reading Oil Prices Fall on Fears of U.S. Shale Production Increase Combined with Weariness of OPEC Deal

Analysts Predict Trump Inauguration Will Continue Lifting U.S. Bank Stocks

Analysts Predict Trump Inauguration Will Continue Lifting U.S. Bank Stocks

The election of Donald Trump brought with it a considerable rise in many U.S. bank stocks, on the notion proposed during the President-Elect's campaign of reduced regulation and a generally more laissez-faire approach to the banking sector. Significant increases experienced by U.S. banking giants such as Citi Group, Bank of America and JPMorgan Chase subsequent to … Continue reading Analysts Predict Trump Inauguration Will Continue Lifting U.S. Bank Stocks

Worries U.S. Shale Could Hamper the Rise of Oil

Worries U.S. Shale Could Hamper the Rise of Oil

OPEC's signing of the deal in November 2016, designed to reduce global oil production by 2%, via the incorporation of non-OPEC members, primarily Russia, and significant reductions to be made by the cartels de facto leader, Saudi Arabia, have been successful in pushing prices of the commodity to its highest level since July 2015. However, despite … Continue reading Worries U.S. Shale Could Hamper the Rise of Oil

The Direction of Gold Could be Varied as Dollar Predicted Considerable Shifts in 2017

The Direction of Gold Could be Varied as Dollar Predicted Considerable Shifts in 2017

Gold enjoyed a modest rise over the course of 2016, with occasions of significant volatility adding to its increase. With gold enjoying consecutive weeks of increase over the period leading up to Brexit, in which it 6 week increase in value, rising from a low of $1.199.90/ounce at the concluding trading week of May, and increasing … Continue reading The Direction of Gold Could be Varied as Dollar Predicted Considerable Shifts in 2017