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Sour Mood Ahead of US Jobs Data - Action Forex

Risk appetite got a hit yesterday as an army of Federal Reserve (Fed) speakers sounded cautious about the timing of the first rate cut and as the barrel of Brent spiked past the $90pb level on rising tensions between Iran and Israel after Israel bombed the Iranian embassy in Damascus earlier this week. The barrel of US crude spiked to $87.50pb. So far, tensions in the Middle East didnโ€™t impact oil supply significantly. As a result, we saw a sustainable rise in oil prices โ€“ not a spike. But I...
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