West Texas Intermediate (WTI) crude oil continues its decline for a third consecutive session, trading near $59.50 a barrel in Asia on Wednesday. The benchmark crude $59.37 per barrel early in the
By Giovanni Staunovo, Strategist, UBS Switzerland AG Oil prices have given up all of this year’s gains, with prices now trading at the lowest level since December amid US tariff news and
The EURUSD currency pair is seen sliding to near 1.0470 in Friday’s European session, showing signs of weakness after the release of the Hamburg Commercial Bank’s preliminary purchasing managers index for February for the Eurozone
The annual growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, continued on an upward trend for the seventh consecutive month in December, as
By Naeem Aslam European and US stocks are trading mixed as investors pay close attention to recent escalation in the war between Israel and Hezbollah. The main concern is whether we will
By Naeem Aslam As geopolitical tensions escalate further after attacks by Israel on Iran, crude oil prices closed the week on a volatile note. Interesting to note when it comes to oil
By Giovanni Staunovo Back in November 2023, eight OPEC+ member states announced additional voluntary production cuts of 2.2mbpd for 1Q24. As expected, the eight OPEC+ member states announced on Sunday that those
The weekend US strikes in the Middle East are reminders that a fluid geopolitical situation may compound an oil market already in deficit, UBS said in its latest Investment Research report. Recent
By Craig Erlam The Australian dollar softened Tuesday after the RBA opted to leave the Cash Rate at 4.1%, but warned some further tightening may be required. The decision and statement –
By Craig Erlam The Australian dollar fell further Tuesday morning despite the RBA holding interest rates steady and warning that further tightening may be necessary. The central bank warned that while inflation
