Crude Oil Gets Brief Respite After Collapse

Crude oil futures were steady Thursday, rising slightly from 10-month lows in the previous session. A brutal sell-off drove oil into bear market territory over the past few weeks. Analysts have expressed doubts that OPEC and Russia can end the supply glut anytime soon. Should prices stay below $45 for much longer, it is thought Read more about Crude Oil Gets Brief Respite After Collapse[…]






Dollar Turns Slightly Higher After Rebounding From Early Weakness

The dollar pulled back against all of its major rivals in early trade Thursday, but has since recovered and is now posting slight gains. The increase in weekly jobless claims this morning was slightly more than anticipated, but U.S. economic data was largely in line with expectations. First-time claims for U.S. unemployment benefits saw a Read more about Dollar Turns Slightly Higher After Rebounding From Early Weakness[…]






Value Buyers Wading Back Into Gold

Gold futures inched higher for a second session Thursday, trimming steep recent losses amid speculation the sell-off in commodities was overdone. August gold settled at $1,249.40/oz, up $3.60, or 0.3%, up from 5-week lows earlier in the week. Markets were stable as crude oil found its footing after a sudden collapse in June. Reflecting widespread Read more about Value Buyers Wading Back Into Gold[…]






Treasury Department Announces Details Of Next Week's Auctions

The Treasury Department announced the details of next week’s auctions of two-year, five-year, and seven-year notes on Thursday. The Treasury said it plans to sell $26 billion worth of two-year notes next Monday, $34 billion worth of five-year notes next Tuesday and $28 billion worth of seven-year notes next Wednesday. The material has been provided Read more about Treasury Department Announces Details Of Next Week's Auctions[…]