WTI oil squeezed up on news that the US will not release strategic reserves and inflation data gives markets much to mull over. Can crude continue to climb?
The S&P 500 gained just 0.06% on Thursday as markets sought to rebound from Wednesday’s abrupt decline.
NZD/USD may continue to depreciation over the coming days as the exchange rate fails to defend the opening range for November.
Market pricing for the BOC and RBA has been dragged forward in recent weeks, while the outlook for the RBNZ is extremely aggressive.
USD/MXN jumped higher in immediate trade following the Bank of Mexico’s decision to raise rates by 0.25%.
Inflation is expected to print at 5.8% tomorrow. How will the US Dollar respond?
Failure to test the October high ($85.41) may generate a larger pullback in the price of oil as it struggles to retain the advance from the November low ($78.25).
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The latest US inflation data show price pressures in America hitting a three-decade high, reinvigorating an already strong US dollar.
Tensions rise between the UK and EU over the Northern Ireland protocol. Failure in talks raises risk of the UK triggering Article 16
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