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Author Archives: Insta Forex

Gold Rises As Trade Tensions Resurface

Gold prices inched higher on Friday as trade tensions resurfaced and the dollar fell for a third day amid bets the Federal Reserve will embark on a series of rate cuts in coming months. Spot gold rose 0.3 percent to ...

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Oil Prices Inch Higher Amid Supply Risks

Oil prices rose slightly on Friday as the Tropical Storm Barry continued to slowly track north toward the Gulf Coast, forcing U.S. oil producers in the Gulf of Mexico to cut more than half their output, or 53 percent of ...

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China's Bank Lending Increases In June

China’s bank lending increased in June, figures from the People’s Bank of China showed on Friday. Banks extended CNY 1.66 trillion in June compared to CNY 1.18 trillion in May. New yuan lending was forecast to rise to CNY 1.67 ...

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Australian Dollar Extends Gain After China Data

The Australian dollar continued to be higher against its major counterparts in early European deals on Friday, as China’s exports dropped less than expected in June amid trade standoff with the U.S. Data from the General Administration of Customs showed ...

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Hungary Industrial Production Growth Rises In May

Hungary’s industrial production growth rose in May after slowing in the previous month, data from the Hungarian Central Statistical Office showed on Friday. Industrial production rose 6.1 percent year-on-year in May, after a 6.0 percent increase in April. In march, ...

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Turkey Industrial Production Decline Slows In May

Turkey’s industrial production declined at a slower rate in May, data from the Turkish Statistical Institute showed on Friday. Industrial production fell 1.3 percent year-on-year in May, following a 3.8 percent decline in April. Economists had expected a 2.0 percent ...

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Eurozone Industrial Production Growth Exceeds Expectations

Eurozone industrial production rebounded at a faster than expected pace in May largely driven by consumer goods output, figures from Eurostat revealed Friday. Industrial output grew 0.9 percent month-on-month in May after declining 0.4 percent in April. This was the ...

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