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Author Archives: Insta Forex

Treasuries Show Slight Move To The Upside

Treasuries extended a recent upward move during trading on Tuesday, although buying interest was relatively subdued. Bond prices gave back ground after an initial move to the upside but still managed to close slightly positive. Subsequently, the yield on the ...

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Oil Plunges Sharply, Settles At Over 1-year Low

Oil prices plunged sharply on Tuesday as rising concerns about global economic outlook outweighed optimism about production cuts by OPEC and allies. With the U.S.-China trade dispute threatening to hurt global economic growth, demand for crude oil is expected to ...

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Dollar Rising Ahead Of Data Deluge

The dollar is gaining ground against its major rivals Tuesday afternoon. Traders are looking forward to the release of a large number of U.S. economic reports tomorrow morning, ahead of Thursday’s Thanksgiving Day holiday. Durable goods orders, weekly jobless claims, ...

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Gold Futures Snap 4-day Winning Streak, End Modestly Lower

Gold prices drifted lower on Tuesday as traders chose to pick up the dollar after stock markets across the globe tumbled amid mounting worries about global economic growth. Worries about global economic slowdown have increased after Federal Reserve officials cautioned ...

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U.S. Housing Starts Jump 1.5% In October

Housing starts in the U.S. rebounded in the month of October, according to a report released by the Commerce Department on Tuesday, although the report also showed a decrease in building permits. The Commerce Department said housing starts jumped by ...

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Dollar Mixed Ahead Of U.S. Housing Starts

At 8:30 am ET Tuesday, the U.S. housing starts data for October will be issued. The consensus is for 1.240 million, up from 1.201 million in the prior month. Ahead of the data, the greenback traded mixed against its major ...

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Pound Higher Amid BoE Carney's Testimony

The pound was higher against its major opponents in the European session on Tuesday, after the Bank of England Governor Mark Carney announced his support for the Brexit deal unveiled by U.K. Prime Minister Theresa May last week. “We have ...

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