Tag Archives: WTI

The US Dollar regained some stability and partially reversed its recent significant decline, especially in response to the US Consumer Price Index (CPI). Meanwhile, Federal Reserve officials expressed caution about inflation and the possibility of future interest rate cuts later this year. USD Index Rebound: The USD Index (DXY) experienced …

Risk appetite saw significant upward momentum due to the prevailing bearish sentiment toward the US Dollar following the release of US inflation data measured by the CPI for April. The USD Index (DXY) had a challenging session, declining further and revisiting the area near the key 200-day Simple Moving Average …

Oil prices are 0.25% down, sliding below $78.00 after both OPEC and the International Energy Administration (IEA) released their monthly reports. OPEC stuck to previous expectations, while sluggish demand is forecasted in the IEA release. The US Dollar Index eases ahead of the US CPI print, with markets expecting a …

Ahead of the release of US CPI on Wednesday, market players were analysing sticky US producer prices and Chair Powell’s lukewarm stance, which caused the US dollar to continue its dismal start to the week and retreat to multi-day lows. The USD Index (DXY) continued to fall on Monday, breaking …

The U.S. Last week, the U.S. stock market continued its upward trajectory, inching closer to record highs amid light trading volumes. The S&P 500 Index notched its third consecutive week of gains, nearing its all-time peak. While the broader market advanced, the spotlight was on value stocks, which outpaced growth …

Following solid Canadian employment figures, the USD/CAD pair plunges impulsively to 1.3636, down -0.30%. On the Canadian front, the number of new payrolls increased by 90.4K, but the rate of annual wage growth decreased to 4.8%. According to Fed’s Bostic, the central bank is unsure about the best time and …

Ahead of the Bank of England’s interest rate decision on Thursday, the GBP/USD pair managed to recover from multi-session lows around 1.2470. Despite this, the pair remained cautious. On May 9, it is generally anticipated that the BoE would maintain its policy rate. BoE’s Bailey and Pill are also scheduled …

In the early hours of Wednesday’s Asian trading session, oil prices experienced a decline amidst indications of increased crude and fuel inventories in the United States. This trend suggested a potential softening in demand, prompting a cautious stance among investors regarding supply expectations ahead of the upcoming OPEC+ bloc meeting …

Oil prices climbed on Tuesday following reports of Israeli airstrikes on the Gaza city of Rafah, with ceasefire negotiations ongoing but no agreement reached yet with Hamas. By 0400 GMT, Brent crude futures rose by 23 cents, or 0.28 percent, reaching $83.56 per barrel. Similarly, US West Texas Intermediate crude …

Oil prices closed trading on Monday in an upward direction, supported by the escalating tensions in the Middle East after the launch of Israeli military operations in southern Gaza, which threatens a humanitarian catastrophe that the United Nations and other human rights organizations have warned of.Oil futures rose to $78.62 …