Trading Patterns

WTI remains sideways around $84.00, downside seems favored on hawkish Fed bets

Oil expenditures oscillate round $84.00 as the focal point shifts to the Fed financial coverage meeting. Rate hikes with the aid of G-7 central banks will reduce the increase forecasts. OPEC+ manufacturing ambitions have been trimmed by means of 3.58 million barrels per day. West Texas Intermediate (WTI), futures on NYMEX, are exhibiting a lackluster overall performance in the early European…
Read more

Fed induced volatility of USD exchange rates to continue even after the summer – Commerzbank

USD Index remains consolidative around the 106.00 region