Month: February 2022

Australian Dollar dips broadly after RBA sounds surprisingly cautious regarding raising interest rates. But loss is so far very limited, as supported by improving market sentiment following strong rebound in US stocks overnight. Dollar is the second weakest, continuing to pare recent gains while Yen is also heading lower. Euro is currently a stronger one
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CME Group’s preliminary readings for crude oil futures markets noted open interest increased by around 4.5K contracts after two daily pullbacks in a row. Volume, instead, resumed the downside and shrank by around 88.7K contracts. WTI now looks to $90.00… and $100.00 The rally in WTI prices remained unabated on Monday. Indeed, the commodity managed to
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The US Commerce Dept today issued its third administrative review of duties on Canadian lumber and lowered the rate to 11.64% from 17.99%. Lumber isn’t in the headlines as much as it was six months ago but prices went on another run in Q4 and early this year before dropping again in the past two
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