USOil Steady After OPEC & IEA Reports
The commodity started the week on the back foot and today it consolidates, following the monthly reports from OPEC and IEA
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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The commodity started the week on the back foot and today it consolidates, following the monthly reports from OPEC and IEA
The index is under pressure following a poor start to the week, as the Fed’s policy decision approaches and Omicron worries resurface
The Bank of England meets on Thursday December 16, after it had wrong-footed markets in November with its decision not to hike rates and investors approach this meeting with seemingly limited expectations
The pair extends yesterday’s losses since broader sentiment was cautious overnight, but finds support as we head towards the open of European markets
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
The pair starts the week on the back foot, as the US Dollar attracts flows, following Friday’s negative reaction the US inflation figures
The US Federal Reserve hands down its monetary policy decision on Wednesday December 15, along with the updated economic projections
The week starts on the back foot, as fresh Omicron warning in the UK weigh on the Pound, following Friday’s US CPI-fueled rebound
This was another intense week, during which we saw improved mood around Omicron, risk factors from China, two central banks delivering their policy decisions and new surge in US inflation
Another week with a flurry of news and activity, with German automakers, payment firm Visa and tech giant Intel in the spotlight
The index started the week with a relief rally and this gives it the opportunity to close it with profits, despite its lackluster performance during its second half
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