United States Baker Hughes US Oil Rig Count dipped from previous 502 to 497

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EUR/CAD Long-Term Reversal as Oil, Inflation Rise

EUR/CAD Shaping up for Long-Term Reversal as Oil, Inflation Rise EUR/CAD sold off into the end of Q3 after the European Central Bank (ECB) hiked rates to 4% which may prove to be the peak. The euro depreciated immediately as markets lowered their expectations of another hike. Fundamentals in Europe also remain weak as the

USD/CAD trades higher near 1.3710 on market caution, downbeat Crude prices

Share: USD/CAD strengthens due to the Fed’s hawkish tone on interest rates trajectory. Stronger US jobs data bolster the US yields; contributing support for the US Dollar. Downbeat Crude oil prices put pressure on the Canadian Dollar. USD/CAD traces the upward path on the fourth successive day, trading higher near 1.3710 during the

The high Oil price is good for the US and bad for the Eurozone – Natixis

Share: OPEC countries’ new strategy is driving up Oil prices. Economists at Natixis analyze the big difference between the effects of high Oil prices on the US and the Eurozone. The Eurozone is getting poorer relative to the US The new strategy of the OPEC countries, with their production cuts, will result in

US Dollar, Euro, British Pound, Gold, Crude Oil, Stocks

Recommended by Daniel Dubrovsky Get Your Free USD Forecast The US Dollar broadly outperformed against its major counterparts in the third quarter of 2023. Relatively speaking, it performed the best against the British Pound, Japanese Yen and Australian Dollar. Meanwhile, the Chinese Yuan fared better. A key theme throughout the third quarter was the evolving