Month: April 2023

Crude oil settles higher on the week The price of crude futures settled up $0.36 at $82.52. The high price reached $83.12. The low price reached $81.76. The price this week moved up $1.82 or 2.24% The high price this week reached $83.53 reached on Wednesday. That happens to be the falling 200 day moving
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Share: The US dollar is rising sharply on Friday, trimming weekly losses after the release of US economic data. GBP/USD is falling almost a hundred pips on the day, trading at 1.2445. Read More… The continuation of the upside momentum could motivate GBP/USD to challenge the 1.2600 neighbourhood in the next few weeks, suggest Markets Strategist Quek Ser Leang and Senior
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A sign for the European Central Bank (ECB) outside the bank’s headquarters in Frankfurt, Germany, on Thursday, Feb. 2, 2023. Alex Kraus | Bloomberg | Getty Images European Central Bank policymakers are reconsidering the path of interest rate hikes in light of last month’s banking turmoil, but remain committed to reining in core inflation. Contagion
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Share: According to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, further upside in EUR/USD should meet the next resistance level at 1.1120 in the near term. Key Quotes 24-hour view: “While we expected EUR to strengthen yesterday, we were of the view that ‘a sustained break above 1.0335 is
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