By Charles Ellinas The benchmark Brent crude oil price climbed to around $74/barrel this week following Russia’s warning it could use nuclear weapons in the war with Ukraine. However, rising non-OPEC supply
USDJPY was trading a touch lower in the 154.30s on Friday as the Japanese Yen strengthened against the Dollar due on higher-than-expected macroeconomic data, and Tokyo’s announcement of a $250 billion economic
Bitcoin has hit yet another all-time high, surging past $96,000 on Thursday, with the CEO of one of the world’s largest independent financial advisory and fintech organisations, saying it could hit $120,000
EURUSD declines as the US Dollar holds its Wednesday recovery and strives to refresh yearly highs. The currency pair remains vulnerable above the psychological support of 1.0500 in European trading hours on Thursday.
Silver is retracing its recent losses from the previous session, with XAGUSD trading around $31.00 in early Asian hours on Thursday. The rise in precious metal prices is attributed to safe-haven flows
UK inflation surged to 2.3% in October, up from 1.7% in September, sparking fresh concerns about wealth erosion and unsettling financial markets. This significant rise, coupled with signs of a potential return
EURUSD faces pressure near 1.0600 and fell to near 1.0560 Wednesday, as the major currency pair weakens and the US Dollar bounces back strongly on expectations of fewer interest rate cuts from the Federal Reserve in
EURUSD is trading sideways at the start of the week, slightly above the psychological support of 1.0500. The major currency pair consolidates as the US dollar rally stalls after posting a fresh
GBPUSD edged higher on Friday, reaching the 1.2680s, as traders reduce their short exposure before the weekend. The British pound-dollar currency pair claws its way up from intraday oversold levels reached on
West Texas Intermediate (WTI), the benchmark US crude oil, is trading around $68.40 on Friday, with the price remaining steady as a steep draw in US fuel stocks offset oversupply fears. The
