Meet the energy workers battling to keep the lights on in Ukraine
By Tom Balmforth (Reuters) – When Russian missiles hurtle towards the Ukrainian power plant and employees scramble for the bomb shelter, a handful of workers stay above ground in a…
Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 29.11.2024
Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The three cryptocurrencies continue following the scenarios we have previously identified. The…
US Dollar to Post Weakest Weekly Performance. Forecast as of 29.11.2024
The probability of a 50-basis-point cut in the ECB rate in December is declining, as is the likelihood of the federal funds rate remaining at 4.75%. Consequently, the EURUSD exchange…
Oil prices rise over accusations of breaches to Israel-Hezbollah ceasefire
By Colleen Howe BEIJING (Reuters) – Oil prices were mixed on Friday following a potential renewal of supply risk as Israel and Hezbollah traded accusations of ceasefire violations, and as…
Asia FX gains on Fed rate cut bets; yen hits 1-mth high on strong inflation read
Investing.com– Most Asian currencies edged higher on Friday as the dollar weakened on persistent expectations of a rate cut by the U.S. Federal Reserve in December, while the Japanese yen…
Gold prices jump as dollar dips on rate cut bets, geopolitical tensions rise
Investing.com– Gold prices rose in Asian trade on Friday, taking advantage of a weaker dollar as traders bet on a December interest rate cut, while increased geopolitical tensions also pushed…
Oil prices muted with focus on OPEC+ meeting; weekly losses on tap
Investing.com– Oil prices fell slightly in Asian trade on Friday and were headed for a weekly loss on expectations of easing Middle East tensions, with focus turning to an upcoming…
Oil prices mixed amid accusations of breaches to Israel-Hezbollah ceasefire
By Colleen Howe BEIJING (Reuters) – Oil prices were mixed on Friday following a potential renewal of supply risk as Israel and Hezbollah traded accusations of ceasefire violations, and as…
Japanese yen soars to 1-mth high as Tokyo CPI fuels BOJ rate hike bets
Investing.com– The Japanese yen hit its strongest level against the dollar in just over a month on Friday as higher-than-expected inflation data from Tokyo reinforced expectations for a December rate…
Ottawa must ensure Trump understands importance of Canadian oil to US, minister says
By Nia Williams (Reuters) – Ottawa must ensure the Trump administration understands how inter-related energy markets are in the U.S. and Canada, a Canadian government minister said on Thursday, following…