WTI Steadies Near $69.00 Amid Mixed Signals from Geopolitical Risks and US Crude Inventory Build
WTI Steadies Near $69.00 Amid Mixed Signals from Geopolitical Risks and US Crude Inventory Build West Texas Intermediate (WTI), the US benchmark for crude oil, is trading near $68.95 during Thursday’s session, maintaining a steady stance amid conflicting market drivers. A modest build in US crude inventories and weak Chinese demand weigh on prices, while escalating geopolitical tensions between Russia and Ukraine offer potential support. US Crude Inventory Build Weighs on Prices The Energy Information […]
Japanese Yen Firm Near Daily High Against USD, Awaits Signals from BoJ Governor Ueda
Japanese Yen Firm Near Daily High Against USD, Awaits Signals from BoJ Governor Ueda The Japanese Yen (JPY) holds its modest gains against the US Dollar (USD), with the USD/JPY pair trading near the 155.00 mark during Thursday’s Asian session. Intervention fears and geopolitical uncertainties, coupled with speculation about potential monetary policy tightening by the Bank of Japan (BoJ), are lending support to the Yen. Focus on BoJ’s Next Move Market participants are closely monitoring […]
EUR/USD Nears 1.0550 but Faces Pressure Amid Safe-Haven Demand
EUR/USD Nears 1.0550 but Faces Pressure Amid Safe-Haven Demand The EUR/USD pair has edged higher, trading around 1.0550 during Thursday’s Asian session, following losses in the previous session. However, upside momentum remains limited as safe-haven flows gain strength due to escalating geopolitical tensions between Russia and Ukraine. According to Reuters, Ukraine deployed British Storm Shadow cruise missiles in a strike against Russia on Wednesday, escalating the conflict and drawing warnings from Moscow. Russian officials have […]