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Federal Reserve Chairman, Jerome Powell, said that the central bank dropped the words "patience approach" from its statement, which means opening the door to moving the interest rates.   "The ...

US stocks close higher after Fed statement

2019-06-19 21:42:54 GMT (
US stocks rose on Wednesday despite pressure on the technology and energy sectors, as Wall Street received support from the Federal Reserve statement.   The Federal Reserve decided to set the ...

Ripple erases losses and heads higher

2019-06-19 21:04:03 GMT (
Ripple rose during today, recovering its tone of gains after falling with most of the cryptocurrencies earlier on Wednesday.   Ripple and its sisters were affected by investors demand on ...

Silver trims yesterday's gains and closes lower

2019-06-19 19:29:10 GMT (
Silver prices fell during today's trading to lose some of the recorded yesterday gains, but precious metals tilted higher in electronic trading after the session close following the reveal of the ...

Sterling rises as Boris Johnson approaches heading new government

2019-06-19 19:04:06 GMT (
British pound rose against most of its major counterparts on wednesday after news of Boris Johnson's victory over his rivals in the run-up to the new government, replacing Theresa May, which resigned ...

Gold closes slightly lower despite dollar's drop

2019-06-19 18:41:06 GMT (
Gold prices fell during today's trading amid the decline of dollar against most of the major currencies, and the precious metal closed on a slight loss ahead of the release of the Federal Reserve ...

US Federal Reserve keeps interest rate, still expects no cuts in 2019

2019-06-19 18:27:08 GMT (
In line with expectations, the US Federal Reserve kept the interest rate in the range between 2.25% and 2.50% unchanged, and stated it did not expect a cut this year.   The central bank said ...

Dollar retreats ahead of US Federal Reserve decision

2019-06-19 17:51:28 GMT (
US Dollar fell against most major currencies on Wednesday as the global markets shifted their focus to the Federal Reserve reveal of its interest rate decision.   The US central bank will soon ...

Oil surrenders previous gains after US inventory data

2019-06-19 17:02:30 GMT (
Oil prices fell during today's trading, erasing earlier gains, despite a release of lower than expected US inventory data.   The Energy Information Administration (EIA) revealed a decline in ...

Canadian dollar rises on positive economic data

2019-06-19 15:57:39 GMT (
Loonie rose against US dollar on Thursday, supported by positive economic data, as the markets anticipate the Federal Reserve's decision in the United States.   Consumer price inflation in ...

US oil inventories fall by more than 3 million barrels - EIA

2019-06-19 15:12:06 GMT (
The US Energy Information Administration (EIA) revealed that crude inventories in the United States fell by 3.1 million barrels to 482.4 million barrels last week, while analysts expected a 2 million ...

US stocks open stable with Federal Reserve meeting in focus

2019-06-19 14:30:13 GMT (
The US stocks stabilized at the beginning of trading today as market focus shifted towards the meeting of the Federal Reserve, which ends today and the central bank will then decide to set its course ...

Palladium rises near $1,500 barrier

2019-06-19 14:10:49 GMT (
Palladium prices rose during today's trading as the metal approached the $1500 barrier and continues to hold a positive tone amid concerns about a lack of supply in the global markets.   The ...

Oil slips ahead of EIA's weekly report

2019-06-19 13:11:53 GMT (
Oil continued to decline as the US market opened on Wednesday in a respite move after hitting yesterday the biggest daily gain since January, after preliminary data from the American Petroleum ...

Facebook reveals its its long-awaited Libra cryptocurrency

2019-06-19 12:58:07 GMT (
The social networking giant Facebook revealed on Tuesday its plans to launch its long awaited cryptocurrency "Libra", which will allow users starting from next year to pay through its applications ...
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