© 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: During the Asian session, the Australian Westpac Leading Index is due, and RBA Governor Bullock is scheduled to speak again. Later in the day, the focus turns to US data ahead of the Thanksgiving holiday, which includes Jobless Claims, Durable Goods Orders, and the University of Michigan Consumer Sentiment survey. Here is
Share: USD/JPY faces rejection near the 150.00 mark and turns lower for the third straight day. Dovish Fed expectations continue to weigh on the USD and act as a headwind for the pair. A positive risk tone could undermine the safe-haven JPY and help limit any further losses. The USD/JPY pair meets with
UK GDP News and Analysis UK GDP YoY prints in line with estimates of 0.5% Monthly GDP rose to 0.2% in August, up from -0.6% in July Economic headwinds remain in the UK as growth remains limited The analysis in this article makes use of chart patterns and key support and resistance levels. For more
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices all set for a 4th consecutive monthly gain? Still-bearish retail trader exposure offers a bullish outlook Prices just barely break above a key zone of resistance Recommended by Daniel Dubrovsky How to Trade Oil Crude oil prices rocketed higher on
I posted earlier on this ICYMI: The monthly CPI data from Australia does not show all components of the CPI, that’ll have to wait for the quarterly data release. For the July – September quarter we’ll get that in October. Nevertheless, we will receive some information from the monthly release today. Earlier previews: From the
Oil (WTI, Brent Crude) Analysis OPEC’s demand forecast suggests tight oil market into year end Brent crude oil pulls back from resistance as bullish momentum subsides WTI crude oil tests trendline support on latest dip The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit
2023 growth seen at 2.44m bpd 2024 growth seen at 2.25m bpd OPEC output fell 836k bpd to 27.31m bpd in July after Saudi voluntary cut Sees prospects for healthy oil fundamentals in H2 OPEC’s data suggests 2 million barrel a day supply deficit WTI crude is down 58-cents to $83.83. OPEC’s demand assumptions for
© Reuters Investing.com – The U.S. dollar edged higher in early European trade Monday, but is on course for a monthly loss as traders weigh up the possibility of an end to the Federal Reserve’s tightening cycle, while the Japanese yen weakened in the wake of the Bank of Japan’s monetary policy shift. At 03:10
Share: Oil prices aim to deliver the biggest monthly close of the year as interest rates from global central banks will peak sooner. Overall demand for oil will remain upbeat in the US economy as fears of a recession fade. WTI prices delivered a breakout of the Descending Triangle chart pattern. West Texas
