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Oil: Diverging supply signals shape Brent – ING

ING’s Warren Patterson notes that ICE Brent has repeatedly dipped below $100/bbl but continues to settle above this level as the market weighs conflicting supply and geopolitical factors. Higher oil flows through the St…

Euro weakens against British Pound amid French fiscal concerns

The EUR/GBP cross attracts some sellers to around 0.8475 during the early European trading hours on Monday. The Euro (EUR) softens against the British Pound (GBP) as fiscal concerns in France in the wake of a steep bond…

Euro softens below 1.1250 on France’s fiscal risk

The EUR/USD pair loses momentum to around 1.1245 during the early Asian session on Monday. The Euro (EUR) weakens against the US Dollar (USD) amid fears over France's shaky fiscal trajectory. The US ISM Services Purchas…

Russia vows to step up strikes on Ukraine

Russian Defense Ministry said that it would intensify attacks on Ukraine’s military and industrial facilities following a vow from President Volodymyr Zelenskyy to double down on strikes against oil refineries, Bloomber…

OPEC+ agrees to keep oil output policy unchanged for November

The Organization of Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to keep oil production ‌targets steady for November. This move came in line with expectations that further output policy adjustme…

Mexican Peso rebounds but carry trade exodus still bites

The Mexican Peso (MXN) recovers some ground versus the US Dollar (USD) on Friday, gaining 0.5%, but it remains poised to end the week with a 3% loss as investors exit the 'carry trade' amid a narrowing of the interest r…

Gold fails at $4,200 despite NFP miss as US yields climb

Gold prices dropped on Friday, with the yellow metal struggling to decisively break the $4,200 milestone. The precious metal is down nearly 1% as US Treasury yields edge higher following a less-than-stellar US employmen…

US payrolls miss at 29K and the Dollar Index drops below 102.00

US employers added 29K jobs in September against a forecast of 90K, and July and August were revised down by a combined 60K. The unemployment rate rose to 4.2%, and hourly pay grew 3.0% over the year against a 3.2% fore…

British Pound rebounds as NFP knocks out October Fed hike bets

The Pound Sterling (GBP) rises by over 0.41% against the US Dollar (USD) on Friday, as the US Unemployment Rate rises amid a worse-than-expected Nonfarm Payrolls report for September. At the time of writing, GBP/USD tra…