Australian Dollar: USD/AUD (AUD=X) tumble amid risk aversion

Australian Dollar: USD/AUD (AUD=X) tumble amid risk aversion Risk aversion is kicking in at the onset of Thursday’s Asia Pacific trading session. The sentiment-linked Australian and New Zealand Dollars are falling alongside S&P 500 and Nikkei 225 futures. Meanwhile, the anti-risk Japanese Yen and similarly-behaving Swiss Franc are outperforming against their major counterparts. The souring in market mood can be traced…

United States Oil (USO) settles with a loss as Fed minutes raise economic worries

United States Oil (USO) settles with a loss as Fed minutes raise economic worries U.S. oil futures settled slightly lower Wednesday, giving up earlier gains, as minutes from the Federal Reserve’s September meeting raised worries about the economy and government data revealed a fourth straight rise in domestic crude supplies. Prices had moved higher earlier…

Australian Dollar: USD/AUD (AUD=X) extends the decline amid waning hopes for an imminent US-China trade deal

Australian Dollar: USD/AUD (AUD=X) extends the decline amid waning hopes for an imminent US-China trade deal The recent rebound in AUD/USD continues to unravel as China signaled it would retaliate against the Trump administration for blacklisting 8 tech companies, with China’s Foreign Ministry spokesman, Geng Shuang, urging the US to “immediately correct its mistake, withdraw the relevant decision and stop interfering…

Canadian Dollar: USD/CAD (CAD=X) traders are keeping a close watch on U.S./China trade developments

Canadian Dollar: USD/CAD (CAD=X) traders are keeping a close watch on U.S./China trade developments The Canadian dollar continues to drift within its well-defined USD/CAD trading band of $1.3240-$1.3340. The release of the September 18 U.S. Federal Open Market Committee (FOMC) meeting minutes is unlikely to offer any information or insight that would lead to a…

Silver 1 OZ 999 NY (XAG=X) prices up; FOMC minutes on deck

Silver 1 OZ 999 NY (XAG=X) prices up; FOMC minutes on deck Gold and silver prices are moderately higher in early U.S. trading Wednesday. There are lingering geopolitical matters that have many traders and investors looking to the safe-haven metals as an investment. December gold futures were last up $8.20 an ounce at 1,512.20. December Comex silver prices were last up $0.19…