Tag: rises

WTI Rises on Surprising Inventory Drawdown Ahead of OPEC Cuts

US Crude (WTI) Oil AnalysisLower oil stocks and Biden’s SPR confirmation sees a lift in oil pricesWTI crude oil key technical considerations ahead of OPEC+ production cutIG client sentiment reveals a mixed outlook...

GBP/USD Dips as UK Inflation Rises Beyond 10%

UK CPI Key Points:UK CPI Rose 10.1% Annually, up from 9.9% in August.The Largest Contribution to the Increase was from Food Prices (14.8% vs 13.4% in August), Namely Oils, Fats and Dairy Products.The...

AUD/USD Rises From Oversold Levels Ahead of RBA Minutes

Australian Dollar, AUD/USD, RBA Minutes, China, Technical Outlook – Talking PointsA rosy Wall Street trading session and weaker US Dollar may boost APAC marketsChina’s NBS delayed its third-quarter GDP report, suggesting downbeat numbersAUD/USD...

Asia FX Rises on Weakening Dollar, Yuan Dips as Zero COVID Persists By Investing.com

© Reuters. By Ambar Warrick  Investing.com-- Asian currencies rose slightly on Monday, recovering some lost ground from last week as the dollar retreated, although China’s commitment to maintaining its strict zero-COVID policy dented the yuan. The...

BoC Hike Odds Dip While the Fed’s Rises, Bullish USDCAD

Canadian Dollar Weekly Fundamental Forecast: BullishUSD/CAD vulnerable to further upside as Fed, BoC rate hike odds diverge ahead of penultimate meeting of the yearFiscal and monetary policy cohesion in focus ahead of annual...

Baker Hughes oil rig count rises by 8 to 610

The weekly Baker Hughes rig count data is showing:Oil rigs +8 at 610Natural gas rigs -1 at 157Total rigs +7 at 769The price of WTI crude oil is trading at $86.07. That's down...

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