WTI Oil rises as geopolitical risks keep supply concerns alive

WTI Oil rises as geopolitical risks keep supply concerns alive

West Texas Intermediate (WTI) US Oil trades higher on Friday, rising 0.76% to around $83.30 after staging a sharp rebound from an intraday low below $80.00. The Crude Oil has erased some of its weekly losses and is on track to finish the week close to its opening levels after the bearish gap seen at […]

XAG/USD consolidates above $55 as downside momentum eases

XAG/USD consolidates above  as downside momentum eases

Silver (XAG/USD) trades on the back foot on Friday as rising US Treasury yields outweigh support from a weaker US Dollar (USD). At the time of writing, XAG/USD trades around $57.50, down 2% on the day and on track to close July in negative territory. The US Dollar stays under pressure following suspected intervention by […]

Euro recovers as Eurozone inflation stays firm

Euro recovers as Eurozone inflation stays firm

EUR/USD trades near the 1.1530 area during Friday’s American session, consolidating after a strong rally off intraday lows. The Euro found support from resilient Eurozone inflation data, although gains remain capped as hawkish Federal Reserve (Fed) rhetoric boosts the US Dollar. Preliminary data from Eurostat showed that the Eurozone Harmonized Index of Consumer Prices (HICP) […]