Crude Oil Latest: Heightened Geopolitical Tensions Push Oil Prices Higher
Oil prices are higher going into the weekend after US/UK attacks on Houthi rebel targets in Yemen spark fears of retaliatory action.
Oil prices are higher going into the weekend after US/UK attacks on Houthi rebel targets in Yemen spark fears of retaliatory action.
Outlook on FTSE 100, CAC 40 and Russell 2000 ahead of US PPI and start of Q4 earnings season.
The pound rose modestly in the moments after November’s GDP data edged expectations to the upside. Longer-term growth trends continue to be a drag
Gold and the Nasdaq 100 present an unattractive risk-reward profile at present, as sticky U.S. inflation and resilient labor markets could prevent the Fed from delivering the aggressive rate cuts Wall Street is discounting for this year.
As per tradition, the 4Q 2023 earnings parade will kick off with the major US banks, starting with JPMorgan, Citigroup, Wells Fargo and Bank of America this Friday.
This article focuses on the technical outlook for EUR/USD and GBP/USD, examining critical price levels following the U.S. CPI report.
Geopolitical worries are winning out over broader economic uncertainty in the energy market.
Headline and core CPI surprised to the upside in December, in part due to base effects which are expected to be short-lived. DXY, gold and S&P 500 futures analysed
Indices have made fresh headway this morning, though this afternoon’s US CPI print could result in some volatility.
Sterling is in focus this week as UK GDP data for November is due to be released on Friday and US CPI comes out at 13;:30 GMT today. GBP price action setups analysed