USOIL Rises on Renewed Russia-West Tensions
Russian President Putin signed a partial military mobilization today and oil prices move higher on renewed energy fears
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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Russian President Putin signed a partial military mobilization today and oil prices move higher on renewed energy fears
Germany’s Producer Price Index surged to the highest levels ever in August as today’s data showed, following recent elevated Consumer prices, in the aftermath of the ECBs aggressive rate hike
The US Federal Reserve will announce its latest policy decision on Wednesday, with markets pricing in another outsized rate hike and EUR/USD having a mixed week around parity so far
XAU/USD draws to the end of a bad week and breaks below key technical support, as expectations of another big rate hike by the US central bank work in the greenback’s favor
The New Zealand economy grew more than expected in the second quarter, as today’s data showed and the pair consolidates just off Wednesday’s 2+ years low
NAS100 plunged on Tuesday after the inflation report that bolstered expectations for another jumbo rate hike by the Federal Reserve, but manages to find support today
Yesterday’s acceleration in US core inflation led to another resurgence, but Japanese officials provide renewed verbal support to the battered Yen, sending the pair lower today
Core CPI accelerated in August as yesterday’s report showed, just a week ahead of the Fed’s upcoming policy meeting, which may put pressure for an even larger move on interest rates
Oil prices plunged over the summer, which has led to the technical formation of a death cross, but USOil tries to put up a fight, in the aftermath of the recent production cut by OPEC+
The common currency rallies today, in the aftermath of last week’s “jumbo” rate hike by the European Central Bank and the hawkish rhetoric by policy makers
The pair remains upbeat, without any big reaction to today’s somewhat mixed economic data from the UK, after last week’s rebound form the multi-decade lows
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