Crude oil prices have faced notable fluctuations recently, with US stockpiles expected to have decreased by around 2.1 million barrels over the past week. This decline, predicted by a preliminary Reuters poll, comes ahead of upcoming reports from...
The Spot price is significantly influenced by broader market dynamics, which are shaped by global risk sentiment and the economic conditions in both the United States and Japan. At present, the US Dollar is benefiting from a risk-on environment,...
The outlook for the pair remains predominantly bearish, driven by the continued strength of the US Dollar. Recent economic data from the US has exceeded expectations, bolstering the Dollar and highlighting resilience in the labor market. As a...
The Spot price faces a complex and uncertain outlook, influenced by both external and domestic factors. On the global front, ongoing geopolitical tensions in the Middle East continue to weigh heavily on investor sentiment, adding a layer of...
Traders focusing on the price should exercise patience and wait for clearer market confirmation before making any significant moves. The pair's outlook remains cautious, as it struggles to reclaim the 1.2800 level, weighed down by the strength of...