Oil prices extended their gains for the second consecutive session on Friday, as the impact of expectations of lower exports from Russia outweighed the increase in inventories in the United States. By 0215 GMT, Brent crude futures were up 61 cents, or 0.7 percent, at $82.82 a barrel. West Texas …
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According to a press report, Russia plans to implement significant cuts to its oil exports in order to raise the price of crude for the West. And according to what sources told Reuters, Russia may reduce shipments from its western export hubs by up to 25% by March. The sources …
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Japan’s Nikkei average posted its biggest jump in a month on Friday, recovering from a one-month low hit in the previous session, as chip-related stocks rose and the Bank of Japan’s upcoming governor supported the current monetary easing policy. The index ended Friday up 1.29 percent to 27,453.48 points. The …
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“The projected cash rate peak is not set in stone,” Reserve Bank of New Zealand (RBNZ) Assistant Governor, Karen Silk expressed her view Friday.The news allows NZD/USD to remain firmer even as the geopolitical fears join broad US Dollar strength to challenge the bulls. The reason could also be linked …
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The US Dollar has benefited from Thursday’s hawkish data. The USD/JPY pair’s price is capped by the 135s so far and a move below 134.50 will be key for the week ahead. The USD/JPY pair is trading at 134.72 at the time of writing in the afternoon on Wall Street …
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Risk aversion continued supporting the US dollar on Thursday, reaching fresh February highs against most major rival currencies. The dollar advanced during Asian trading hours on the back of hawkish FOMC Meeting Minutes, finding sufficient momentum during the US session following mixed US data.Economic Data The annualized pace of growth …
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The Western Texas Intermediate crude prices advance more than 2%, trimming its Wednesday losses that were mainly the result of the stronger US dollar. US stockpiles have increased the most since 2021, as reported by the US Energy Information Agency. The US crude is trading at $75.43 at the time …
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Bitcoin is becoming an increasingly important contributor to investors’ portfolios not only because of the returns, but also because the most famous cryptocurrency is increasingly recognized as an important contributor to portfolio performance in terms of versatility.BTC puts give the holder the right to sell BTC at an agreed price …
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The USD/CAD aims higher and tests a significant resistance trendline in the daily chart. The latest FOMC minutes suggested that the Fed will continue to hike rates. In addition; positive US economic data underpinned the US Dollar and bolstered the USD/CAD.Rising oil prices capped the USD/CAD rally on Thursday. The …
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Two more 25 bps rate hikes in March and May could result in a terminal 5.00%-5.25% by May. The FOMC meeting minutes provided additional information about the Fed’s committee’s decision to hike rates by 25 bps in February. Economists are now looking forward to a 5.25% terminal rate at the …
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