Oil Prices Steady Amid Geopolitical Tensions and Supply Concerns
WTI crude futures remained steady around the $78.6 per barrel mark on Tuesday, hardly budging from the near-two-month low of $78.1 registered on May 3rd.
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WTI crude futures remained steady around the $78.6 per barrel mark on Tuesday, hardly budging from the near-two-month low of $78.1 registered on May 3rd.
Read MoreUS stock futures fluctuated around the flatline on Tuesday, after recording three consecutive sessions of gains.
Read MoreIn GBP/USD, after briefly surpassing the significant 200-day moving average level and encountering selling pressure at the also significant level of 1.2600, the price retreated below the average.
Read MoreGold, after completing its rally, has been observed to undergo a correction movement within a channel, with buying occurring at the lower band of this channel since yesterday.
Read MoreDespite the Bank of Japan's spending of approximately $60 billion last week to intervene in the currency pair, USD/JPY has seen a rebound of about 200 pips following its retreat to the support level of 152.00.
Read MoreThe currency pair experienced a rally of approximately 150 pips, but momentum has since diminished, indicating the beginning of a short-term consolidation movement.
Read MoreOn Tuesday, gold prices surged beyond $2,320 per ounce, driven by renewed optimism that the Federal Reserve will implement interest rate reductions this year due to disappointing US job growth figures.
Read MoreMajor cryptocurrencies rallied on Monday as softer-than-expected US jobs data fueled speculation of potential rate cuts by the Federal Reserve this year.
Read MoreWTI crude oil futures climbed above $78.5 per barrel on Monday, marking a slight increase from the recent low of $78.1 seen in the previous session.
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