Various media outlets spread the information about an agreement among OPEC+ to cut output target by additional 500kbd. This was sought by the Saudis in a hope to secure higher price in Aramco sale. First such rumours emerged on Wednesday and the news of the decision doesn’t result in a major reaction. Actually, OIL.WTI looks quite fragile technically below the $58.60 resistance. Traders should bear in mind that we still await the key US NFP report later today (1:30pm GMT).
03:00 PM BST, United States - ISM Data for June: ISM Manufacturing PMI: actual 49.0; forecast 48.8; previous 48.5; ISM...
14:54The precious metal has risen over 1.3% today, testing the vicinity of $3350 per ounce. Furthermore, it has recovered above the support zone associated...
10:42The US dollar is exceptionally weak, recording its worst half-year performance since 1973 – since the beginning of 2025, it has already lost about...
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