Sterling dips after softer-than-forecast CPI

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Against the backdrop of military developments in the Middle East, the situation in the oil market is evolving rapidly. Only two days have passed since 9 March, when we published a morning analytical note in which we: → highlighted the rise of XTI/USD above $100 and a sharp spike in volatility (as reflected by the…

2024.10.09 2024.10.09 Oil Surges Amid Israel-Iran Escalation. Forecast as of 09.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The oil market is still awaiting further developments. Potential factors that could influence the market include Israel’s retaliation against Iran, China’s new fiscal stimulus, and the possible impact of hurricanes in the Gulf of Mexico. This news could lead to an increase…

This week has been essential for the future course of action for both the Aussie and the US Dollar. After Tuesday’s Royal Bank of Australia meeting, where the unanimous decision to cut rates by 25 bps to 3.60%, the Aussie had strengthened a tid-bit. Australian data following the meeting included Employment which largely came as…