WTI Price Analysis: Oil extends recovery from multi-month low towards $72.00

WTI Price Analysis: Oil extends recovery from multi-month low towards $72.00 Oil WTI Technical Analysis ChartPatterns Commodities

EUR/USD picks up bids to refresh intraday high, extends Friday’s rebound towards multi-month high marked late April. US Dollar bears the burden of mixed jobs report, mixed feelings about US debt ceiling and bank crisis. Hawkish ECB rate hike contrasts with Fed’s dovish rate lift to propel Euro price.GBP/USD gains traction for the fourth straight day and climbs to a fresh one-year high on Monday. Dovish Fed expectations keep the USD depressed and remain supportive of the ongoing move up.

The precious metal benefits from the softer US Dollar and the market’s cautious optimism as traders prepare for the key US Consumer Price Index and Producer Price Index .On May 6, Ethereum Foundation transferred nearly $30 million in Ether to the Kraken cryptocurrency exchange, causing jitters in the market about a potential selloff event. ETH price fell 4.8% to $1,900 on the day, but the decline has been negligible so far amid a wider recovery trend.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NZD/USD Price Analysis: Bulls attack 0.6300 with eyes on three-month-old resistanceNZD/USD Price Analysis: Bulls attack 0.6300 with eyes on three-month-old resistance NZDUSD Technical Analysis ChartPatterns TrendFollowing SupportResistance
Read more »

BTC, ETH and XRP Price Analysis for May 6Which top coin can return to the bullish trend faster than others? XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Read more »

DOGE Price Analysis for May 6Can the rate of DOGE grow against the neutral market? kawaii_crypto JRossNicoll ummjackson coinok CryptoBaeTrader
Read more »

Cardano (ADA) Price Analysis for May 7When can traders expect ADA to bounce back? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io
Read more »

SHIB Price Analysis for May 7How long can the fall of SHIB last?
Read more »

Silver Price Analysis: XAG/USD fades bounce off 200-HMA below $26.00Silver price (XAG/USD) remains mildly offered near $25.65 as it licks the previous day’s wounds amid Monday’s sluggish Asian session. That said, the b
Read more »