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Oil prices are rising following better-than-expected US employment data
OIL Brent crude oil prices are rising during early Monday trading. After last week’s losses, when the price of the barrel was at some point down by more than 10%, oil appears to be back on the front-foot. Concerns regarding demand appear to be fading away, following the publication of better-than-expected US employment data, and[…]
Dollar slightly rises ahead of US jobs data release
FOREX The US dollar is recording modest gains against other major currencies, on a day that promises to offer new important clues for foreign exchange traders. The release of US jobs data later today is seen as a key moment. It can either offer vindication to the Federal Reserves’s ongoing drive to control inflation through[…]
British pound rising steadily as UK inflation reaches new high
FOREX The British pound has been rising recently, in particular against the euro, as investors priced in expectations of an unusually large 50 bp rate hike by the Bank of England. There has been mounting pressure from political quarters and the press regarding the scale of the rate increase, with many considering that it will[…]