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An update here yesterday noted how Brent crude for April delivery was on the rise above $77 per barrel, following the outcome of the latest OPEC meeting. Of course that was mainly due to the threat of US tariffs on Canadian oil dampening demand. Well, that rise proved to be very short-lived and the news regarding the reprieve for Canada on potential tariffs on oil exports to the US was the kicker for prices to slide. So, Brent for April delivery later settled just $0.29 higher on the NYMEX exchange, at $75.96. The price action so far today has seen Brent fall further and earlier it set a session low around $75.05 per barrel. It is not that much above the low just now, currently trading at $75.24
Well, you were alerted to something rather strange going on this afternoon in Gold and since then the metal has taken another lurch lower. This time...
The US stock markets have not long reopened for the final trading session of the week. It has been a very modestly higher opening across the board...
Given the reaction in the GBP/USD and the USD/JPY after the US sales data you might easily be forgiven for thinking the EUR/USD should be above 1.05...
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