EMEA > Euro Markets: Short covering rally ends at new one-month high before falling back amid indecision

Euro Markets: Short covering rally ends at new one-month high before falling back amid indecision

Published 17:33 on January 27, 2023  /  Last updated at 21:17 on January 27, 2023  /  EMEA, EU ETS, UK ETS  /  No Comments

European carbon extended recent gains to reach its highest in a month on Friday, before slipping back to post a loss on the day – but a 4.9% weekly rise – as the recent short covering-driven rally came to an end and traders positioned themselves for the market's next move.

European carbon extended recent gains to reach its highest in a month on Friday, before slipping back to post a loss on the day – but a 4.9% weekly rise – as the recent short covering-driven rally came to an end and traders positioned themselves for the market’s next move.

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