Oil Prices Give Up Four-Week High Ahead of US Inventory Data

Oil Prices Give Up in American trade on Wednesday, marking the first decline in four sessions. This drop comes after hitting four-week highs, driven by active profit-taking and ahead of anticipated US crude inventory data, which is expected to show another buildup. Oil Prices Retreat US crude fell by 0.8% to $79.62 a barrel, and…

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Post Break Wall Street looks set for a positive start to the shortened week following Memorial Day. With consumer updates and key inflation data expected later this week, investors are eager to see how these factors will influence market trends. In this article, we’ll delve into the current state of U.S. and global markets, focusing…

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World Shares remained near all-time highs on Tuesday, with investors holding their breath for upcoming inflation data from both sides of the Atlantic. As markets await these critical figures, the dollar has ticked lower, reflecting cautious sentiment. The Calm Before the Storm Market Anticipation Investors are closely monitoring the impending release of U.S. Personal Consumption…

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ECB- European Central Bank has indicated that it has room to cut interest rates as inflation slows. However, key policymakers emphasize that the ECB should proceed with caution, even though the direction of future policy changes seems evident. With a rate cut anticipated for June 6, the discussion has now shifted to the timing and…

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Gold Declines prices dropped in European trade on Tuesday, resuming their downward trend and approaching two-week lows. This decline comes as the market reacts to aggressive remarks from a Federal Reserve official, which have reduced the odds of an interest rate cut this year, putting additional pressure on gold prices. Gold Prices Movement On Tuesday,…

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Yen Moves Higher experienced a notable rise in Asian trade on Monday, marking its first gain in four sessions against the US dollar and distancing itself from three-week lows. This uptick in the yen’s value follows bullish remarks from Bank of Japan (BOJ) Governor Kazuo Ueda, who highlighted the need to normalize monetary policies. Ueda’s…

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Wall Street Closed a significant holiday in the United States, dedicated to honoring the men and women who have died in military service. Observed on the last Monday of May, this day not only serves as a moment of remembrance but also marks the unofficial start of summer. For the financial markets, Memorial Day means…

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Yen Hovers in Asian trade on Friday, the Japanese yen witnessed a decline against major currencies, particularly the US dollar, extending losses for the third consecutive session and nearing three-week lows. This downward trend is closely monitored by the Bank of Japan (BOJ), which stands ready to intervene in the forex market if necessary. BOJ…

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Dollar Retreats in European trade on Thursday, the US dollar experienced a decline against a basket of major currencies, stepping back from its one-week high. This retreat comes amidst anticipation of significant US economic data and profit-taking activities in the market. Federal Reserve Meeting Minutes Insights into Policy Outlook Market Response Impact on Dollar Index…

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Kiwi Stabilizes in light of recent economic data releases and central bank policy decisions, the New Zealand dollar, also known as the Kiwi, has shown signs of stabilization. Economic Data Overview Retail Sales Data and Analysis Central Bank Policy Reserve Bank of New Zealand’s Decision Currency Performance NZD/USD Exchange Rate Pound Sterling Movement Impact of…

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