WTI holds above $62 as OPEC+ eases pace of output hikes
West Texas Intermediate (WTI) crude oil edged higher in early Asian trading on Tuesday, hovering near $62.15. The upside came after the Organization of the Petroleum Exporting Countries and allies (OPEC+) signaled a slower pace of production growth in the coming months. The alliance, led by Saudi Arabia, agreed to lift output by 137,000 barrels […]
EUR/USD edges higher toward 1.1800 as traders eye ECB decision
The EUR/USD pair continued its upward momentum for a third straight session, trading near 1.1780 during Asian hours on Tuesday. The euro advanced as the US Dollar (USD) remained under pressure, weighed down by last week’s weaker-than-expected August jobs report, which strengthened bets on a Federal Reserve (Fed) rate cut in September. Market pricing now […]