West Texas Intermediate (WTI) crude Oil price opened at a gap up, extending its winning streak for the fifth successive session, and is trading around $110.60 per barrel during the Asian hours on Monday. WTI price hit $110.73, the highest since June 2022, amid concerns that a prolonged Middle East conflict could disrupt global energy supplies over the longer…
USD/JPY is closing in on the highest levels of the year. The pair is up 80 pips so far today to 158.59, breaking above last week’s peak and trading at the best levels since January 22. That was the day of the widely-publicized Ministry of Finance rate check via US banks late on a Friday. That move caused a…
US President Donald Trump said that the rise in oil prices is a “very small price to pay” for defeating Iran and to ensure world peace, the Telegraph reported on Sunday. “Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and…
Well, if there was any question about whether Trump was watching the oil futures open, it’s been laid to rest. He wrote on Truth Social: Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace. ONLY FOOLS…
Not yet. S&P 500 far from maintained Thursday‘s late session rebound fire, and clearly rolled over in fear of NFPs incoming. Sure, different methodology to calculate, and nursing strike on top, the figure (and unemployment rate with participation rate) were most disappointing.
Here are the levels/net change from Friday’s close /percentage change: Euro: 1.1546 | -0.0072 | -0.62% Japanese yen: 158.04 | 0.25 | 0.16% British pound: 1.3339 | -0.0072 | -0.54% Swiss franc: 0.7787 | 0.0030 | 0.39% Canadian dollar: 1.3600 | 0.0033 | 0.24% Australian dollar: 0.6982 | -0.0048 | -0.68% New Zealand dollar: 0.5864 | -0.0036 | -0.61%…
Gold prices staged a turnaround on Friday, reversing the earlier decline and trading just above the $5,170 mark per troy ounce. The yellow metal continues to draw support from safe haven demand linked to tensions in the Middle East, although gains remain measured as investors weigh the prospect of higher inflation.
What Just Happened — and Why It Matters This is not a normal market week for gold. After U.S.-Israeli strikes killed Iranian Supreme Leader Khamenei on February 28th and the Strait of Hormuz effectively shut down for commercial shipping, gold spiked to 5,421 — and then did something every developing trader should notice. It sold off. By Friday, gold…
Prior 130K revise to 126K nonfarm payroll -92K vs +50 9K estimate December was 48K. November was 41K Unemployment rate 4.4% vs 4.3% expected. Prior month 4.3%. Average hourly earnings 0.4% versus 0.3% expected. Prior month 0.4% average hourly earnings YoY 3.8% versus 3.7% expected. Prior month 3.7%. Participation rate 62.0% versus 62.1% (revise from 62.5%) U6 unemployment rate…
The USD/CHF pair retreats on Friday during the North American session, down 0.53% as the Greenback weakens following a dismal jobs report, and a break to four day low beneath the 0.7800 figure. At the time of writing, the pair trades at 0.7771, yet it remains to end the week with gains of more than 1%. USD/CHF Price Forecast:…
