Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Brent drops back as European stock markets yet to confirm the worst is over
Earlier today the price of Brent crude oil extended the rebound seen yesterday and rose close to $77.75. The fall to around $75 yesterday had already been reversed later in the day, when Brent rose into the European close and later settled just $0.51 lower, at $76.30 on the NYMEX exchange. The price action since the early European morning today has now seen the price drop back underneath $77. So, as you can see the oil markets are not yet taking any chances with the risk dynamic and the path forward forward for global stock markets from here on. Brent for October delivery is currently trading at $76.60
Market News
All News-
USD/JPY pushes closer to 150 again
The clearly more benign risk dynamic since last week has allowed the Yen to weaken and not just versus the dollar. All the major Yen crosses are... -
Gold higher this morning following first ever daily close above $3,000 last night
Yesterday Gold did eventually push a little higher above $3k. However, the first attempt to rise back above that level was followed by a relapse to...
-
Bitcoin stalls and falls again
Later yesterday afternoon, Bitcoin caught a tailwind from the rebound in the US stock markets and the tech sector, as defined by the Nasdaq 100. That...
