The West Texas Intermediate (WTI) price has been facing significant challenges in recent times, particularly due to the unexpected rise in US Crude inventories. This article delves into the reasons behind this inventory build and its impact on the crude oil market. Additionally, it explores other factors affecting prices, such as the US-led coalition’s compliance
In the midst of a turbulent global market, the dollar has managed to find its footing once again. A sudden end to the strong rally in U.S. stocks has created a sense of uncertainty among investors, prompting them to seek safety in the dollar. Additionally, an unexpected fall in British inflation has negatively impacted the
Venezuela’s recent release of 30 U.S. and domestic prisoners, including businessman Alex Saab, has presented an opportunity for President Nicolas Maduro to strengthen his political position ahead of next year’s elections, according to analysts. Saab, who had been held in federal jail in Miami since October 2021 on charges of siphoning off $350 million from
In recent years, an increasing number of Americans have been turning to “buy now, pay later” services as an alternative to high-interest credit cards. This trend has been particularly noticeable during the holiday season, as consumers seek to stretch their budgets while shopping for gifts. Roxanne Ross from Florida is one such individual who plans
The CHFJPY pair has experienced a slight decline in the past month, leading many traders to question the overall sentiment surrounding this currency pair. While there may have been some losses, it is crucial to examine the bigger picture and evaluate the long-term performance before jumping to conclusions. In this article, we will delve into
During the early Asian session on Thursday, the USD/CAD pair traded on a softer note, edging lower to 1.3351. This decline can be attributed to the ongoing sell-off in the US Dollar (USD). The pair had previously reached four-month lows of 1.3310 and has rebounded slightly to 1.3350. Limited Upside for the US Dollar The
The Czech National Bank is anticipated to announce its first interest rate cut in over three years as policymakers convene to address the country’s slowing inflation and sagging economy. While Czech central bank officials aggressively raised borrowing costs from June 2021 to June 2022, tightening policy to combat double-digit inflation rates, they have maintained a
The AUD/USD pair has shown significant upward movement, surpassing the 0.6700 resistance zone. This surge in price can be attributed to the bullish trend line that is forming with support near 0.6745 on the 4-hour chart. The presence of this trend line indicates a positive trend in the market, providing investors with a sense of
Gold futures are currently experiencing a decline of 0.51%, amounting to a drop of $10.40. Surprisingly, this decline is higher in percentage terms compared to the gains witnessed in the dollar today. As gold is paired against the dollar, there exists a strong inverse correlation between the strength or weakness of the dollar and the
The US dollar experienced a slight retreat during Wednesday’s trading session, encountering resistance at the 200-Day Exponential Moving Average (EMA). The current market presents a challenging situation as traders grapple with determining which central bank’s policy to follow. While the US Federal Reserve has expressed potential rate cuts in 2024, the Bank of Japan has
China plays a crucial role in the Australian economy, accounting for one-third of Australian exports. The increased demand for Australian products from China is expected to provide a significant boost to the Australian economy and the value of the Australian dollar. This positive development comes at a time when Australia already has a trade-to-GDP ratio
The Bank of Japan (BoJ) is expected to shift away from its current negative rates policy, but the timing of this transition remains uncertain. Economists are divided on when the BoJ will make the move, with 80% expecting an exit from negative rates in 2024 and only 20% betting on a January pivot. This ambiguity