Oil prices steadied last week after a nearly 20% decline since September, with anticipation building around the upcoming OPEC+ meeting. Speculation on potential output cuts deepening heightened market uncertainties. However, a reported delay in the meeting to November 30 due to disputes over output targets has temporarily allayed concerns of fresh supply shortages. Currently, the
The major US stock indices are opening near unchanged on the day. Yesterday, shares were little changed as well with: Dow industrial average fell -56.68 points or -0.16% at 35333.48 S&P index fell -8.89 points or -0.19% at 4550.44 NASDAQ index fell -9.84 points or -0.07% at 14241.01 At the start of trading today, a
Oil Analysis, Prices, and Charts The virtual OPEC+ meeting starts on Thursday and may prove fractious. Oil prices are set to tread water ahead of any announcements. Download our complimentary guide on How to Trade Oil Recommended by Nick Cawley How to Trade Oil DailyFX Economic Calendar The oil market may see a further bout
Flu is one of the main causes of the increase in cases; The country must guarantee the supply of medicines and open more areas for medical treatment. China’s health commission said a combination of pathogens is causing a rise in acute respiratory infections across the country, and reiterated comments to assuage concerns that a new
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Brigid Riley and Alun John TOKYO/LONDON (Reuters) -The U.S. dollar hit a three-month low against a basket of peers on Tuesday before steadying, as traders continued to unwind long dollar positions before this week’s U.S.
Share: GBP/USD Forecast: Bulls maintain the pressure, aim for 1.2700 and beyond The British Pound retains its strength against the US Dollar, with GBP/USD comfortably trading above the 1.2600 threshold after peaking on Monday at 1.2644, its highest since last August. On the one hand, the GBP benefited from hawkish comments from Bank
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 – Analysis and Charts Dow rally sees slower going The rally has slowed in recent days, though sellers have been unable to establish control even in the short-term timeframes.Further gains continue to target the summer 2023 highs above 35,600, while beyond
Market Trends: Asian stocks fell in response to declines in US and European markets, triggered by hawkish signals from central banks on interest rates. Bonds extended gains amid growing conviction that central banks in Europe and the US have concluded rate hikes, with expectations of potential rate cuts next year. The US Dollar hovered near
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt. The recent US CPI missed expectations across the board bringing the expectations
AUD/USD ANALYSIS & TALKING POINTS Australian retail sales figures show high interest rate environment may be weighing negatively on consumers. US economic data and Fed speakers under the spotlight later today. AUD/USD 200-day MA break could expose long-term trendline resistance once more. Elevate your trading skills and gain a competitive edge. Get your hands on
