The dollar index (DXY00) on Tuesday rose by +0.15%. Tuesday’s stock slump boosted liquidity demand for the dollar. Also, higher crude oil prices on Tuesday increased inflation expectations, a hawkish factor for Fed policy, and a positive factor for the dollar. The dollar maintained its gains after the Conference Board US Apr consumer confidence index unexpectedly […]
Dollar Advances as Stocks Slip and Crude Prices Surge Read More »
The dollar index (DXY00) rose to a 1-week high on Friday and finished up by +0.27%. The dollar moved higher on Friday as the risk of a protracted Iran war boosts safe-haven demand for the dollar. Also, Friday’s +5% rally in crude oil prices is pushing inflation expectations higher, potentially forcing the Fed to keep
Dollar Advances as Iran War Rages Read More »
WTI price appreciates as Trump signals the possibility of additional sanctions on Russia. The EU may lower the price cap on Russian oil as part of its upcoming 18th sanctions package against Moscow. The International Energy Agency reported that Saudi Arabia exceeded its oil output target, surpassing level implied by the OPEC+ agreement. West Texas
WTI advances to near $68.00 as traders await Trump’s statement on Russia Read More »
WTI builds on this week’s bounce from a nearly one-month low amid US-China trade talks optimism. The fundamental backdrop warrants some caution before positioning for any further appreciation. Traders might also opt to wait on the sidelines ahead of the crucial FOMC policy decision later today. West Texas Intermediate (WTI) US Crude Oil prices gain
WTI advances to one-week high, closer to mid-$59.00s as traders eye US-China trade talks Read More »
WTI price gained ground as OPEC+ is expected to maintain their production cuts. Ukrainian attacks on Russia’s infrastructure are contributing to the sentiment of tightening global Crude supplies. Fuel suppliers in Baltimore are expected to encounter delays following the collapse of the Francis Scott Key Bridge. West Texas Intermediate (WTI) oil price settled higher at
WTI advances to near $82.80 on likelihood of OPEC+ maintaining production cuts Read More »
