Volatility Prevails On The Screen
Posted: Thu Aug 11, 2016 1:24 pm
Global financial markets remained quite volatile on Thursday when the RBNZ triggered the ups and downs during early sessions. The momentum got additional support during the later part when Saudi Energy Minister signaled potential talks of oil production freeze at next month’s OPEC meeting and the San Francisco Fed President indicating one rate-hike in 2016 to be appropriate and required.
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The US Dollar, backed by upbeat comments from Fed policymaker and better than forecast Jobless Claims, managed to close the day on a positive side ... (read more)