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Oil is moving higher - watch out for the Middle East weekend risk premium

Going into the previous weekend I pointed out that traders are wary of a Saturday or Sunday ground war breakout in Gaza. The signals we've been getting all week are that the ground war move has been delayed, but it's a bit of "they would say that wouldn't they" that could be going on. If there are moves on the ground into Gaza a market ‘flight to safety/liquidity’ response should play out. If it happens over the weekend professional markets will only get a chance to respond come Monday morning,... Read More

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Posted: Oct 27 2023, 02:54

Author Name: forexlive

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