Markets Unexpected weak US payrolls on Friday brought a temporary interruption from the war-related, inflationary narrative. Contrary to mostly solid US data of late (e.g. ISMs), the US economy in February shed 92k jobs. The unemployment rate rose from 4.3% to 4.4%. Wage growth (AHE) rose slightly more than expected (0.4% M/M and 3.8% Y/Y). […]
The post All Eyes Remain on the Conflict in the Middle East appeared first on ActionForex.
Key takeaways Oil surges amid geopolitical supply fears: West Texas Intermediate crude oil jumped as much as 30% intraday to $119.54, marking its highest level since 2022, driven by concerns that the US–Iran war in Read more…
Europe is an unintended victim of the Middle East conflict. The growing likelihood of two ECB rate hikes is not enough to boost EURUSD. The US dollar posted its strongest weekly performance in a year Read more…
Carly Garner, the Las Vegas commodities trader, has been watching the wild swings in commodity prices lately, and, over the weekend, offered this thought about oil prices: “I’ve only seen oil move this far, this Read more…