Crude Oil
Crude oil gave up some ground today after making a 2-week peak on Friday. The WTI futures contract has traded under US$ 79 bbl while the Brent contract is approaching US$ 85.50 bbl. Concerns around another hot US inflation figure on Tuesday have led to speculation that the Federal Reserve might need to be more...
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NZD/USD SHORT-TERM TECHNICAL FORECAST – NEUTRAL Wednesday’s drop in the New Zealand dollar against the US dollar could be short-lived. NZD/USD fell after New Zealand’s fourth-quarter inflation rose less than what the Reserve Bank of New Zealand (RBNZ) had forecast. CPI rose 7.2% on-year in the fourth quarter, slightly above analysts’ expectations of 7.1%, but...
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