Markets US December payrolls shifted the needle of US money markets from two to only one additional 25 bps Fed rate cut this year. Headline job growth (+256k vs +165k expected) was the best since March, came with barely any revision to previous months’ numbers and come together with decline in the unemployment rate (4.1% […]
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Oil closed the previous three weeks higher and is rising at the start of the new week, driven by various bullish factors. Most of them are temporary, but they are altering the long-term technical picture, Read more…
Oil prices rose due to new US sanctions on Russian oil and tankers. The Kremlin warned these sanctions could destabilize global energy markets. Indian ‘sources’ stated it would avoid purchasing Russian oil from sanctioned entities Read more…
The Australian dollar has started the week quietly. In the North American session, AUD/USD is trading at 0.6151, up 0.07% at the time of writing. Earlier, the Australian dollar fell as low as 0.6130, its Read more…