USD Index struggles for direction near 103.00, looks at data, Fedspeak

Share: The index approaches the key 103.00 support. US yields look poised to extend the decline. Consumer Confidence, Fedspeak come next in the docket. The greenback alternates gains with losses near the 103.00 neighbourhood when gauged by the USD Index (DXY) on turnaround Tuesday. USD Index focuses on key data, Fed speakers The

WTI struggles for a firm intraday direction, consolidates in a range around mid-$82.00s

Share: WTI draws support from concerns about tightening global supply, though the upside remains capped. Investors seem worried that rising interest rates will hamper economic activity and dent fuel demand. Receding fears over potential supply disruptions due to the Israel-Gaza conflict acts as a headwind. West Texas Intermediary (WTI) Crude Oil prices struggle

US Data will Test Short Term Direction

Article by IG Senior Market Analyst Shaun Murison USD/ZAR Key Takeaways: 1. The recent recovery of the Rand against the US Dollar is primarily due to the weakening of the dollar rather than the strengthening of the Rand itself. 2. The US Dollar is currently underperforming against various currencies, following remarks from Federal Reserve officials