Tag: OPEC
Crude Oil: cuts, a hesitant demand and backwardation
We had already talked about it, but it's back in the news: IEA (International Energy Agency) Executive Director Fatih Birol expressed his worries about...
Events to Look Out For Next Week
Following Chair Powell and economic data that weighed on USD this week, the strong NFP numbers (263k vs. 200k) managed to reverse that pressure....
Market Update – December 2 – USD holds at lows & Stocks at Highs...
The USD Index holds at lows not seen since August & June at 104.50 and significantly below the 200-day MA at 105.40. Weaker...
Oil prices boosted by rumours around OPEC+ production cuts
Crude oil managed to rally slightly yesterday, supported by rumours of production cuts by OPEC+ masking concerns of demand shortages, as China is still...
Market Update – October 3 – New Week, Month & Quarter
USDIndex – Holds Friday's range at 111.80. Dollar remains in demand following a weak 3rd quarter, HOT CORE CPE inflation on Friday and...
Market Update – June 2 – USD Ticks Higher, Stocks Slip Yields Firmer
USD moved higher (USDIndex 102.43) Stocks had a weak US session (NASDAQ -0.72%) and Yields rallied to 2.931%. Asian markets followed US lower (Nikkei -0.16%,...
