Oil prices climbed to their highest level in 10 months today, as robust demand coupled with supply restrictions imposed by the top members of OPEC+ significantly tightened global fuel markets. WTI crude oil is now Read more…
Oil prices climbed to their highest level in 10 months today, as robust demand coupled with supply restrictions imposed by the top members of OPEC+ significantly tightened global fuel markets. WTI crude oil is now Read more…
Eurozone ZEW Economic Sentiment worsens German ZEW Economic Sentiment improves but remains negative ECB rate decision up in the air and could go to the wire The euro started the week higher but has reversed Read more…
Daily Pivots: (S1) 1.2471; (P) 1.2509; (R1) 1.2547; More… GBP/USD falls notably today but stays above 1.2443 temporary low. Intraday bias remains neutral first. In case of another recovery, upside should be limited by 1.2618 Read more…
Sarah Breeden, the incoming Deputy Governor for BoE, shared her economic forecast during a parliamentary Treasury Committee approval hearing today. She is slated to replace Jon Cunliffe as come November. Breeden conveyed her anticipation for Read more…
Cable loses traction after weak UK jobless data and dips below 1.2500 mark on Tuesday morning. Fresh weakness adds to signals that brief recovery is likely over, after Monday’s strong upside rejection which left daily Read more…
Germany’s ZEW Economic Sentiment for September experienced an uptick, rising from -12.3 to -11.4, surpassing the anticipated drop to -15.0. However, not all was rosy for the nation, as Current Situation index witnessed a downturn, Read more…
EURJPY eases into range-bound trading after 15-year high Short-term outlook neutral, but will the bears return? ECB policy announcement scheduled for Thursday 12:15 GMT EURJPY has been moving back and forth between its 20- and Read more…
Asian markets were a mixed bag on Tuesday despite the broadly positive cues from Wall Street overnight as a surge in Tesla powered a rally in tech stocks. Despite the shaky sentiment across Asia amid Read more…
Markets The first trading day of the week went by without much ado, apart from a lot of corporate supply. In its summer forecast update, the European Commission as expected downwardly revised its 2023 (0.8% Read more…