Oil Prices Drop after US Employment Data Lifts USD, FOMC Next
Oil prices dropped after the EIA revised total US oil demand (Feb) higher. A surprise in US employment costs also sparked a rise in USD, weighing on oil
Oil prices dropped after the EIA revised total US oil demand (Feb) higher. A surprise in US employment costs also sparked a rise in USD, weighing on oil
Sterling has benefitted from increased risk appetite, but its rise seems to be losing a bit of steam
Largely positive German and EU growth data has the euro making up some lost ground, preparing the landscape for the highly anticipated ECB’s cut in June
Traders are drawn to volatility due to increased trading opportunities. However, volatile markets require skill, experience, and effective risk management.