Euro, EUR/USD, US Dollar, Treasury Yields, ECB, Knot, EU Inflation, Crude Oil – Talking Points The Euro held firm again today as the US Dollar pauses in its climb Australia and China missed estimates on their respective trade surpluses Market pricing of an ECB hike might be questioned. Would it boost EUR/USD? Recommended by Daniel
OPEC+ supply restrictions were extended, and U.S. oil and cloth both hit more than nine-and-a-half-month highs. Saudi Arabia and Russia’s strategy to further deplete inventories is being felt across the oil market. The December-December spread for West Texas Intermediate crude, favored by oil hedge funds, rose to its widest level since late 2022. Brent, the
© Reuters Investing.com– Most Asian currencies moved in a tight range on Thursday, while the dollar steadied near six-month highs as signs of sticky U.S. inflation spurred continued concerns over a hawkish Federal Reserve. Weak economic data from China also dented sentiment towards Asian markets, with both and in the country continuing to decline through
Share: GBP/USD remains flat around 1.2500, near a three-month low hit on Wednesday. The pair holds below the 50- and 100-hour EMAs on a one-hour chart. The first support level is located at 1.2465; immediate resistance level is seen at 1.2515. The GBP/USD pair consolidates its recent losses around 1.2500 during the Asian
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Crude Oil, WTI, Brent, Saudi Arabia Russia, OPEC+, EIA, API, OVX – Talking Points Crude oil leapt over hurdles overnight as production cuts are pushed further out Inventory data show US demand to be strong and solid ISM number supports a robust outlook If oil prices keep going up and the US economy is strong,
Here are the speakers from the Federal Reserve I have listed for today. A few more could well pop up in media interviews and what have you. There are 6. Bostic is speaking twice, which is why there are 7 lines below. I’ve noted those speeches more likely to bring market-pertinent comments in bold. Times
Japanese Yen, USD/JPY, Technical Analysis, Retail Trader Positioning – IGCS Update Japanese Yen weakens to softest since November Retail traders are already strongly bearish USD/JPY Is this a sign that the exchange rate may rise? Recommended by Daniel Dubrovsky Get Your Free JPY Forecast The Japanese Yen closed at its weakest against the US Dollar
US Dollar Index already reach 105.026, raised from 99.512 at 18-07-2023 , Why US Dollar Index Sooo Strong ? I think there’re some reasons : 1. USA’s economy is getting better, the ISM non-manufacture PMI 54.5 , prev value 52.7 , market forecast value 5.25 , 2 larger, we can see that the USA’s economy still