On Monday, oil prices extended their upward trend in Asian trading, continuing their rise from the previous session. This increase is driven by the ongoing Israel-Hamas conflict, which shows no signs of a ceasefire.
Additionally, oil markets were supported by optimism around potential U.S. interest rate cuts after comments from Federal Reserve Chair Jerome Powell, which further boosted oil prices on Friday. The EUR/USD pair weakened to near 1.1185 during early trading in Europe on Monday.
The slight recovery in the U.S. dollar is putting downward pressure on the pair. However, the downside might be limited because Federal Reserve Chair Jerome Powell hinted at a possible rate cut in September.
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled…
https://www.youtube.com/watch?v=5Ii12vmx0HU Monday Market Pulse – Your Weekly Market Snapshot! Markets kick off the week with…
The meaning of aggregate risk may differ depending on the context. Generally it pertains to…
Today, we are talking about a hidden goldmine for investors in India, mainly: the European…
This website uses cookies.