Uneven and rather unpredictable trading conditions have prevailed for a second successive session on Tuesday. Ahead of the US close, the S&P 500 is still trading in the red territory but has recovered sharply off earlier session lows, giving a sense of De-Ja Vu after yesterday’s ferocious late-session recovery.The net …
Read More »USD/CAD Rallies Amid Broad Risk Asset Retreat
Having started the day closer to 1.2550, and being on course to post on-the-day gains of about 1.0%, the USD/CAD pair is currently penetrating the 1.2700 level having rallied from the mid-1.2500s on Monday amid widespread losses for risk assets m meanwhile, safe-haven demand amid geopolitical tensions and amid pre-Fed …
Read More »WTI Recovers Around USD 86.00 On Back of EIA Inventory Data
Front-month WTI futures have leapt above their previous intra-day USD 85.00- 86.00 per barrel trading range to hit highs in at USD 87.00 in recent trade and, at current levels near USD 86.50, now trade back in the green territory on the day. WTI crude oil still trades about USD …
Read More »WTI Driven By Geopolitical Tension To Test Fresh Highs
WTI crude oil is trading now at $81.73 per barrel after latest high recorded Friday at $83.14 per barrel. The benchmark American oil is probing its best levels since early November in the $73.00 as geopolitical tensions rise. Analysts as well as banks have been calling this week for WTI …
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