USOIL Upbeat After Monday’s Rally Fueled by the OPEC+ Cuts
The commodity stays on the front foot after Monday’s jump, which was sparked by the surprise oil production cuts announced on Sunday by a series of OPEC+ countries
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The commodity stays on the front foot after Monday’s jump, which was sparked by the surprise oil production cuts announced on Sunday by a series of OPEC+ countries
The central bank of Australia decided today to leave rates unchanged at 3.6%, following ten straight hikes since the May 2021 lift-off, putting AUD/USD under pressure
Oil jumped after Saudi Arabia and other oil producing countries, in a surprise move, announced production cuts in excess of one million barrels/day
Today’s data showed that UK GDP expanded by a lackluster 0.1% in Q4 q/q, with the Index subdued as it heads towards a profitable week, but losing month
The pair slides after factory activity in China eased and heads towards the conclusion of a mixed month, awaiting today’s UC PCE inflation update
The commodity runs its second positive week, rebounding from its recent plunge as sentiment improves, but markets now brace for Friday’s US PCE inflation update
Take a look at some corporations that will be on our focus over the coming months, as the second quarter and the new earnings season get underway against a highly uncertain backdrop, due to the recent banking turmoil
The pair pauses its four week-losing streak and rebounds from the recent slump, as fears over the banking sector ease
Watch today’s US Open for insights on the recent developments in the banking sector that seem to help sentiment, fresh geopolitical tensions and more
The pair is constructive after the US Fed was constrained to a conservative stance last week due to the banking turmoil and the BoE was forced to another increase due to the reacceleration in inflationary pressures
Fears over the financial system seem to ease today, helped by the sale of failed Silicon Valley Bank, but markets also contemplate prospects of a recession and geopolitical tensions
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