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Oil edges higher on renewed Middle East tensions, Saudi price hikes (NYSEARCA:USO)

Oil edges higher on renewed Middle East tensions, Saudi price hikes (NYSEARCA:USO)
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Focus on RBA as Australian Dollar Maintains Strength

As the market transitions into US session, Australian Dollar maintains its position as the strongest currency of the day. While no significant economic data is expected from the US or Canada, the focus shifts to appearances by SNB Chair Thomas Jordan, as well as Fed officials Thomas Barkin and John Williams. However, traders are expected to look through these events, anticipating insights from the RBA's decision.

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Euro edges higher as eurozone data improves

The euro has started the new trading week quietly. EUR/USD is up 0.23%, trading at 1.0787 in the North American session at the time of trading. Eurozone inve

United statesEuropean central bankNorth americanSsentix investor confidenceUr usdUrozone sentix confidenceGerman pmisServices pmisUs employment report

Cautious anticipation in the Middle East, a growth in China s services sector, and rising Eurozone sentiment lead oil s gains today

Cautious anticipation in the Middle East, a growth in China s services sector, and rising Eurozone sentiment lead oil s gains today

United statesIsrael generalFederal reserveWest texas intermediateWall streetSsentix investor confidenceInvestor ideas

Euro Edges Higher as Eurozone Data Improves

The eurozone Sentix Investor Confidence index took a small step forward in May, rising to -3.6, up from -5.9 in April and was higher than expected. This was the seventh straight acceleration and the highest level since February 2022. The index, which has been in negative territory since February 2022, is creeping up to the zero level, which separates optimism from pessimism.

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