The price of WTI crude oil is trading around .20, dropping to its lowest level in seven weeks due to a surprise build in US crude inventories and easing geopolitical tensions in the Middle East.
The text discusses market updates including GDP data for the Euro area and Germany, US economic docket, US Dollar performance, US Treasury bond yield, Japan’s intervention in foreign exchange markets, EURUSD gains and losses, Retail Sales data from Germany, Private Sector Credit and Retail Sales data from Australia, PMI data from China, AUDUSD performance, GBPUSD performance, and Gold price movements.
Marios Georgiou, Cyprus’ top gymnast, is returning home with five medals from the European championships: gold in the All-Round, silver in the parallel bars, and bronze in the pommel horse and horizontal bar. He has now won a total of six medals in the European Championship, including a gold in 2022 in the horizontal bar.
Rafa Nadal and Carlos Alcaraz are planning to partner up at the Paris Olympics this year in doubles tennis tournaments.
Fashion staples that everyone should have in their closet include a plain white tee, must-have jeans, red accessories, belts, and bracelets in silver and gold.
Fact: The second legislative session in New Hampshire is tackling many business-related proposals on the House and Senate floors.
The Japanese Yen is trading at its weakest level in over three decades against the US Dollar after the Bank of Japan decided to leave monetary policy settings unchanged.
The benchmark US crude oil Western Texas Intermediate (WTI) is trading higher around .60 on Friday due to potential geopolitical risk from a looming Israeli invasion of the southern Gaza city of Rafah.
The US Dollar is under modest selling pressure as investors await key data releases, including the first estimate of annualized GDP growth for the first quarter and weekly Initial Jobless Claims data.
The U.S. Justice Department reached a 8.7 million civil settlement with hundreds of victims of former USA Gymnastics doctor Larry Nassar, resolving claims that the FBI botched the initial investigation into Nassar.