WTI Crude Oil Price Analysis for June 12, 2024
WTI crude oil is currently testing its descending trend line that’s been holding since mid-April, still deciding whether to bounce or to break. The Fibonacci…
Posts Tagged: World Bank
USD/JPY Slides for Second Day As Safe-Haven Demand Rises
The USD/JPY currency pair falls near 130.60 again on Wednesday. As the North American session starts, the pair is getting close to its daily low…
USD/CAD Rises After IMF Trims Global Growth Forecasts, Surging Yields
The US dollar strengthened against its Canadian counterpart on Tuesday, with the greenback finding support from chaos in global financial markets and surging Treasury yields….
USD/RUB Rises As Reserves Dip, World Bank Forecasts 11% Contraction in Russia
The Russian ruble is slightly weakening to kick off the trading week, although the currency is hovering around its pre-invasion level. The ruble has held…
USD/INR Sideways As Inflation Eases, Industrial Data Disappoints
The Indian rupee is trading sideways against its US counterpart on Tuesday as inflation eased and industrial data expanded worse than economists’ forecasts. Despite bullish…
Turkish Lira Rebounds After Hitting Fresh Record Low – Is Financial Instability Inevitable?
The Turkish lira is attempting to stage a modest rebound after hitting a fresh record low against its US counterpart. The lira has been on…
USD/INR Flat As Inflation Rises to Six-Month High
The Indian rupee traded relatively flat against both the US dollar and the euro to kick off the trading week. The rupee has struggled to…
Turkish Lira Tests Fresh Record Low Against Dollar, Euro on Inflation Fears
The Turkish lira is flirting with a fresh record low against the US dollar to close out the trading week. The lira has come under…