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Author Archives: Insta Forex

New Zealand Manufacturing Sector Slows Sharply

The manufacturing sector in New Zealand continued to expand in December, albeit at a sharply lower rate, the latest survey from Business NZ revealed on Friday with a PMI score of 51.2. That’s down from 57.7 in November, although it ...

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Treasuries Extend Yesterday's Move To The Downside

Treasuries moved to the downside during trading on Thursday, extending the decline seen over the course of the previous session. Bond prices moved lower early in the session and remained firmly negative throughout the trading day. As a result, the ...

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Crude Oil Levels Off As Gasoline Stockpiles Jump

Crude oil prices were flat Thursday amid speculation the fossil fuel is overbought near 3-year highs. Another report showing a big drop in US oil stockpiles failed to drive oil prices any higher. The Energy Information Administration reported oil inventories ...

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Dollar Losing Ground On Weak Economic Data

The dollar got off to a positive start Thursday, but has since turned lower against all of its major rivals. Investors were treated to a trio of U.S. economic reports this morning. While traders were encouraged by better than expected ...

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Gold Falls Most In Six Weeks

Gold futures fell Thursday amid renewed confidence that the U.S. economy is doing well. Feb. gold dropped $12, or 0.9%, to settle at $1,327.20/oz, sliding from 4-month highs. It was the biggest one-day drop in six weeks. A day after ...

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