Forex News Round Up

Oil is poised for a second weekly drop after a larger-than-expected gain in American crude stockpiles eclipsed tensions between the U.S. and Saudi Arabia over the disappearance of a prominent critic of the kingdom. Futures in New York headed for a 3.4 percent loss this week as government data showed…

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SINGAPORE — Oil prices nudged higher on Friday on signs of surging demand in China, the world’s second-biggest oil user, though prices are set to fall for a second week amid concerns of the ongoing Sino-U.S. trade war is limiting overall economic activity. Brent crude oil futures were trading at…

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Employment in Canada increased by 28,800 jobs from August to September according to the September ADP® Canada National Employment Report. Broadly distributed to the public each month, free of charge, the ADP Canada National Employment Report is produced by the ADP Research Institute®. The report, which is derived from actual…

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Oil futures rose Friday as global investors assessed the next leg for volatile stock markets, but signs of rising crude supplies contributed to an overall weekly loss of roughly 4%. November West Texas Intermediate crude CLX8, +0.41% rose 41 cents, or 0.6%, at $71.38 a barrel on the New York Mercantile Exchange. It…

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The head of the International Monetary Fund on Thursday defended Federal Reserve Chairman Jerome Powell one day after U.S. President Donald Trump criticized the American central bank, which has been raising U.S. interest rates, as “crazy.” “I wouldn’t associate Jay Powell with craziness,” Managing Director Christine Lagarde told CNBC in…

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Several OPEC members, led by Saudi Arabia and Libya, put enough new barrels on the market in September to offset a drop in production from Iran, where U.S. sanctions are whittling away at the nation’s crude exports, according to a monthly report. The 15-nation producer group also knocked down its…

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Oil prices slumped to two-week lows on Thursday as global stock markets fell, with investor sentiment made more bearish by an industry report showing U.S. crude inventories rising more than expected. Brent crude LCOc1 fell $1.95 a barrel to a low of $81.14, its weakest since September 26, before recovering…

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OPEC sees the oil market as well supplied and is wary of creating a glut next year, the group’s secretary-general said on Thursday, suggesting producers are in no rush to expand a June agreement that raises output. Oil prices have rallied this year on expectations that U.S. sanctions on Iran…

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U.S. consumer prices rose less than expected in September, held back by a slower increase in the cost of rent and falling energy prices, as underlying inflation pressures appeared to cool slightly. The modest price increases come despite a U.S. labor market that looks robust by most measures. A separate…

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