EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since May 09, 2024 when EUR/USD traded near 1.08.Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Gold: 0.28% Oil - ...This week has seen its range top survive a challengewere a little lower in Europe on Thursday, retracing some more of the gains made earlier in the week.
Israel’s strikes on the Palestinian city of Rafah have also kept conflict in the Middle East unfortunately to the fore, with the US West Texas IntermediateStill, despite plenty of fundamental support, the energy market like all others remains uncertain as to when interest rates could start to fall in the US and, when they do, how many reductions there might be.
This week’s trade saw bulls try to push past the range top on Tuesday, but they couldn’t manage it and the month looks set to close out with that established band still in place. That makes a lot of sense given the high degree of fundamental uncertainty over demand and monetary prospects.