Market Analysis and News
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10 May 01.14
Oil heads toward $85/bbl on Increasing Odds of US Rate Cuts
Oil bulls are pushing the BRN upwards towards $85/bbl after the higher-than-expected U.S. initial jobless claims report, which could contribute to the highly anticipated interest rate cuts by the Fed.
10 May 10.24
Gold is on the way to reach $2400 again?
XAUUSD is moving higher towards the psychological level of $2400 after the latest US jobless claims data, which increased bets for a Fed rate hike.
LATEST ANALYSIS
03 MAY 13:57
Brent to drop the most on the weekly basis since February?
Yesterday oil prices managed to slightly rebound after a 3-day slide. Support came in the form of market expectations that the US may replenish its strategic reserves.
Now Brent bulls are fighting hard to stay above yesterday’s close at ~83.50.