after Archive

  • Crude Oil Rallies Above $48 After EIA Report Crude oil prices rose Wednesday after the government said crude oil prices dropped for the eighth consecutive week. U.S. crude-oil inventories were down 3.3 million barrels last week, the Energy Information Administration reported. That's in line with yesterday's report from the American Petroleum Institute. Gasoline supplies fell by 1.2 million barrels. WTI light sweet crude oil was up 47 cents at $48.20 a barrel. In economic news, the IHS Markit flash manufacturing purchasing managers index fell to 52.5 from 53.3 in July, while the services PMI rose to a 28-month high of 56.9, up from 54.7 in July.

    Crude Oil Rallies Above $48 After EIA Report

    Crude Oil Rallies Above $48 After EIA Report Crude oil prices rose Wednesday after the government said crude oil prices dropped for the eighth consecutive week. U.S. crude-oil inventories were down 3.3 million barrels last week, the Energy Information Administration reported. That's in line with yesterday's report from the American Petroleum Institute. Gasoline supplies fell by 1.2 million barrels. WTI light sweet crude oil was up 47 cents at $48.20 a barrel. In economic news, the IHS Markit flash manufacturing purchasing managers index fell to 52.5 from 53.3 in July, while the services PMI rose to a 28-month high of 56.9, up from 54.7 in July.
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  • Dollar Ticks Down After New Home Sales Following the release of U.S. new home sales for July at 10.00 am ET Wednesday, the greenback inched down against its major rivals. The greenback was trading at 1.1804 against the euro, 109.12 against the yen, 0.9649 against the franc and 1.2795 against the pound around 10:01 am ET.

    Dollar Ticks Down After New Home Sales

    Dollar Ticks Down After New Home Sales Following the release of U.S. new home sales for July at 10.00 am ET Wednesday, the greenback inched down against its major rivals. The greenback was trading at 1.1804 against the euro, 109.12 against the yen, 0.9649 against the franc and 1.2795 against the pound around 10:01 am ET.
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  • Euro Mixed After Eurozone Consumer Confidence Index At 10:00 am ET Wednesday, Eurostat has released Eurozone consumer confidence index for August. Following the data, the euro traded mixed against its major opponents. While the euro rose further against the pound and the greenback, it changed little against the yen and the franc. The euro was worth 1.1804 against the greenback, 128.76 against the yen, 0.9223 against the pound and 1.1386 against the franc around 1:03 am ET.

    Euro Mixed After Eurozone Consumer Confidence Index

    Euro Mixed After Eurozone Consumer Confidence Index At 10:00 am ET Wednesday, Eurostat has released Eurozone consumer confidence index for August. Following the data, the euro traded mixed against its major opponents. While the euro rose further against the pound and the greenback, it changed little against the yen and the franc. The euro was worth 1.1804 against the greenback, 128.76 against the yen, 0.9223 against the pound and 1.1386 against the franc around 1:03 am ET.
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  • Crude Oil Still Below $48 After API Shows Draw Crude oil futures were slightly higher Wednesday morning ahead of the official U.S. inventories data. The Energy Information Administration's Petroleum status report for the week that provides information on petroleum inventories in the U.S., will be available at 10.30 am ET. Yesterday, industry data showed U.S. crude oil stocks fell by 3.6 million barrels at the end of last week, the American Petroleum Institute (API) reported, slightly more than expected following a much larger decline the week before. WTI light sweet crude oil was up 29 cents at $47.65 an ounce. The flash Composite Purchasing Managers' Index for August will be issued at 9.45 am ET. The economists are looking for consensus of 54.3, compared to 54.2 in the previous month.

    Crude Oil Still Below $48 After API Shows Draw

    Crude Oil Still Below $48 After API Shows Draw Crude oil futures were slightly higher Wednesday morning ahead of the official U.S. inventories data. The Energy Information Administration's Petroleum status report for the week that provides information on petroleum inventories in the U.S., will be available at 10.30 am ET. Yesterday, industry data showed U.S. crude oil stocks fell by 3.6 million barrels at the end of last week, the American Petroleum Institute (API) reported, slightly more than expected following a much larger decline the week before. WTI light sweet crude oil was up 29 cents at $47.65 an ounce. The flash Composite Purchasing Managers' Index for August will be issued at 9.45 am ET. The economists are looking for consensus of 54.3, compared to 54.2 in the previous month.
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  • Euro Rises After Eurozone PMI Reports The euro strengthened against other major currencies in the European session on Wednesday, after data showed that Eurozone private sector activity maintained strong growth momentum in August. Data from IHS Markit showed Eurozone flash manufacturing PMI climbed to 57.4 in August from 56.6 in July. In contrast, it was forecast to decline to 56.3. The flash composite output index rose slightly to 55.8 in August from 55.7 in July. Meanwhile, economists had expected the index to fall to 55.4. At the same time, the services Purchasing Managers' Index dropped to a 7-month low of 54.9 in August from 55.4 in July. The index was expected to remain stable at 55.4. The German flash services Purchasing Managers' Index rose to 53.4 from 53.1 in July. That was in line with economists' forecast. The composite output index climbed to a 2-month high of 55.7 in August from 54.7 in July. Similarly, the factory PMI increased to 59.4 in Augus..

    Euro Rises After Eurozone PMI Reports

    Euro Rises After Eurozone PMI Reports The euro strengthened against other major currencies in the European session on Wednesday, after data showed that Eurozone private sector activity maintained strong growth momentum in August. Data from IHS Markit showed Eurozone flash manufacturing PMI climbed to 57.4 in August from 56.6 in July. In contrast, it was forecast to decline to 56.3. The flash composite output index rose slightly to 55.8 in August from 55.7 in July. Meanwhile, economists had expected the index to fall to 55.4. At the same time, the services Purchasing Managers' Index dropped to a 7-month low of 54.9 in August from 55.4 in July. The index was expected to remain stable at 55.4. The German flash services Purchasing Managers' Index rose to 53.4 from 53.1 in July. That was in line with economists' forecast. The composite output index climbed to a 2-month high of 55.7 in August from 54.7 in July. Similarly, the factory PMI increased to 59.4 in Augus..
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  • U.S. Dollar Falls After Trump's Remarks The U.S. dollar dropped against its most major counterparts in the early European session on Wednesday, after the U.S. President Donald Trump threatened to shutdown federal government unless the Congress funds money to build a border wall with Mexico and also hinted at the possible termination of the NAFTA deal. Speaking at a rally in Phoenix, Arizona, Trump told that Congress should fund money to build a wall along the border with Mexico to prevent illegal migration. "If we have to close down the government, we are building that wall," he said. "One way or the other, we're going to get that wall." The President also warned about the termination of NAFTA trade deal with Canada and Mexico, if the U.S. is "unable to make a fair deal." Trump has sought the approval of $1.6 billion in federal funding for the wall, but it faces stiff opposition from the Democrats. The greenback showed mixed performance in the Asian session. Whil..

    U.S. Dollar Falls After Trump's Remarks

    U.S. Dollar Falls After Trump's Remarks The U.S. dollar dropped against its most major counterparts in the early European session on Wednesday, after the U.S. President Donald Trump threatened to shutdown federal government unless the Congress funds money to build a border wall with Mexico and also hinted at the possible termination of the NAFTA deal. Speaking at a rally in Phoenix, Arizona, Trump told that Congress should fund money to build a wall along the border with Mexico to prevent illegal migration. "If we have to close down the government, we are building that wall," he said. "One way or the other, we're going to get that wall." The President also warned about the termination of NAFTA trade deal with Canada and Mexico, if the U.S. is "unable to make a fair deal." Trump has sought the approval of $1.6 billion in federal funding for the wall, but it faces stiff opposition from the Democrats. The greenback showed mixed performance in the Asian session. Whil..
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  • *Euro Rises To 10-month High Of 0.9196 Against Pound After Eurozone PMI Data Euro Rises To 10-month High Of 0.9196 Against Pound After Eurozone PMI Data

    *Euro Rises To 10-month High Of 0.9196 Against Pound After Eurozone PMI Data

    *Euro Rises To 10-month High Of 0.9196 Against Pound After Eurozone PMI Data Euro Rises To 10-month High Of 0.9196 Against Pound After Eurozone PMI Data
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  • Euro Rises Further After Eurozone PMI At 4:00 am ET Wednesday, IHS Markit released flash Eurozone PMI data for August. After the data, the euro rose further against its major rivals. As of 4:01 am ET, the euro was trading at 0.9195 against the pound, 1.1411 against the Swiss franc, 1.1786 against the U.S. dollar and 128.94 against the yen.

    Euro Rises Further After Eurozone PMI

    Euro Rises Further After Eurozone PMI At 4:00 am ET Wednesday, IHS Markit released flash Eurozone PMI data for August. After the data, the euro rose further against its major rivals. As of 4:01 am ET, the euro was trading at 0.9195 against the pound, 1.1411 against the Swiss franc, 1.1786 against the U.S. dollar and 128.94 against the yen.
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  • Euro Rises After German PMI At 3:30 am ET Wednesday, Germany's flash PMI data for August was released. After the data, the euro rose against its major rivals. As of 3:31 am ET, the euro was trading at 0.9179 against the pound, 1.1393 against the Swiss franc, 1.1774 against the U.S. dollar and 128.92 against the yen.

    Euro Rises After German PMI

    Euro Rises After German PMI At 3:30 am ET Wednesday, Germany's flash PMI data for August was released. After the data, the euro rose against its major rivals. As of 3:31 am ET, the euro was trading at 0.9179 against the pound, 1.1393 against the Swiss franc, 1.1774 against the U.S. dollar and 128.92 against the yen.
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  • Dollar Slips Against Yen after Comments Made by Trump’s Government The U.S. dollar fell versus the yen on Wednesday after U.S. President Donald Trump brought up the spectre of a government shutdown to fulfill a campaign pledge. Regardless of the comments, movement among major currencies has been limited ahead of this week's Jackson Hole global central bankers' conference. At a rally with his supporters in Phoenix, Trump referred to his pledge to build a wall at the U.S.-Mexican border and said "If we have to close down the government, we are building that wall." The dollar index, which tracks the U.S. currency versus a basket of six major peers, was little changed on the day at 93.513, after it added 0.5 percent in the session earlier. The greenback was slightly lower on the day at 109.53 yen after notching a low of 109.37, down from 109.67 prior to Trump's remarks and below a previous session peak of 109.83 yen. However, it remained well above a four-month trough..

    Prime News: Dollar Slips Against Yen after Comments Made by Trump’s Government

    Dollar Slips Against Yen after Comments Made by Trump’s Government The U.S. dollar fell versus the yen on Wednesday after U.S. President Donald Trump brought up the spectre of a government shutdown to fulfill a campaign pledge. Regardless of the comments, movement among major currencies has been limited ahead of this week's Jackson Hole global central bankers' conference. At a rally with his supporters in Phoenix, Trump referred to his pledge to build a wall at the U.S.-Mexican border and said "If we have to close down the government, we are building that wall." The dollar index, which tracks the U.S. currency versus a basket of six major peers, was little changed on the day at 93.513, after it added 0.5 percent in the session earlier. The greenback was slightly lower on the day at 109.53 yen after notching a low of 109.37, down from 109.67 prior to Trump's remarks and below a previous session peak of 109.83 yen. However, it remained well above a four-month trough..
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