WTI Nears $79 as Key US Economic Data Looms
WTI Nears $79 as Key US Economic Data Looms In the Asian trading session on Thursday, West Texas Intermediate (WTI) crude oil fell slightly to around $79.00 per barrel. Traders are closely monitoring upcoming economic reports, including today’s US Crude Oil Stocks Change report from the Energy Information Administration. Expectations are set for a drawdown […]
Yen Surpasses Threshold Suspected to Trigger Intervention
Yen Surpasses Threshold Suspected to Trigger Intervention The yen recently fell to a four-week low, touching 157.71 before slightly recovering to 157.39 per dollar, demonstrating the ongoing challenges Japan faces in its attempts to stabilize its currency through market interventions. This decline brings the yen close to the 157.52 mark, a critical level that previously […]
European Futures Decline Amidst Rising Yields and Market Downturn
European Futures Decline Amidst Rising Yields and Market Downturn European stock markets appeared poised to mirror the declines seen in Asia, as rising US Treasury yields near this year’s peak continued to restrain risk appetite among investors. The Euro Stoxx 50 futures fell by 0.4%, reflecting a similar downturn in US equity futures. The MSCI […]