Iraqi Oil Minister Ihsan Abdul-Jabbar said that oil prices should stabilize around current levels, reflecting the market balance. Iraq is counting on the price of oil to reduce the budget deficit, as next year's budget is expected to witness an…
Continue ReadingThe EUR/USD is struggling to prolong its rebound and has returned below 1.1550. EUR/USD is struggling to make a meaningful move in either direction. After a day of advances, the US Dollar Index has entered a period of consolidation.…
Continue ReadingGold prices rose in trading on Tuesday, supported by rising concerns about inflation, as the sentiment of risk aversion and inflation fears boosted the attractiveness of the precious metal. This comes despite the gains capped by the strength of the…
Continue ReadingGBP/USD pares intraday gains to two-week highs, rising slightly around 1.3625-30. The British pound gained some ground on Monday after the Bank of England signaled an impending rate hike. The upside is still limited due to the underlying optimistic…
Continue ReadingOil prices rose in trading today, Monday, at the beginning of the week’s trading, to continue reaping gains, in conjunction with the increase in demand for crude, and the energy crisis that hits a number of major economies. The rise…
Continue Reading
