WTI Steadies Above $68.50 Amid Surprise Crude Draw and Ceasefire Developments
WTI Steadies Above $68.50 Amid Surprise Crude Draw and Ceasefire Developments West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.65 as of Wednesday. The price remains stable, supported by an unexpected draw in US crude inventories, which offsets the potential bearish impact of a ceasefire agreement between Israel and Hezbollah. Trading […]
Japanese Yen Weakens Amid Rebounding US Yields and Modest USD Recovery
Japanese Yen Weakens Amid Rebounding US Yields and Modest USD Recovery The Japanese Yen (JPY) softened on Thursday, with renewed demand for the US Dollar (USD) pushing the USD/JPY pair above mid-151.00 during the Asian session, recovering from a five-week low hit earlier. Robust US economic data released on Wednesday, indicating resilience and limited inflation […]
EUR/GBP Steady Below 0.8350 Ahead of German CPI Data
EUR/GBP Steady Below 0.8350 Ahead of German CPI Data The EUR/GBP pair remains stable near 0.8330 during Thursday’s early European trading session. A cautious outlook and diminishing expectations for a Bank of England (BoE) rate cut in December lend support to the Pound Sterling (GBP), exerting slight downward pressure on the cross. BoE officials continue […]