Oil prices held steady after the Fed’s rate hike as other risk assets fell. A decrease in U.S. oil inventories pointed to a rise in demand. OPEC production went down in October, raising global supply concerns. Crude Oil (CL) futures prices increased on Wednesday despite declines in other risk assets after the Federal Reserve’s fourth Read More…
The US labor market remains tight, with job vacancies rising more than expected. A tight labor market means still-high inflation dashing hopes for a Fed pivot. US industrial activity grew at its slowest pace in over 2-1/2 years in October. The prices of major equity futures indexes, including the E-mini Nasdaq-100 (NQ) futures, fell as Read More…
Investors anticipate slow-paced global rate hikes. US businesses reported poor quarterly earnings last week. Markets are holding their breath ahead of Jerome Powell’s press conference. Major equity index futures prices, including the E-mini S&P 500 (ES), continue climbing amid a broader market rebound. The Federal Reserve’s upcoming meeting could reveal how long it will stick Read More…
Economists expect the RBA to raise rates by 25bps on Tuesday. The unexpected rise in Australia’s inflation could see the RBA reconsider its smaller hikes. The RBA might be forced to raise rates by 50bps to try and keep up with the aggressive Fed. Australian dollar (6A) futures prices have been falling ahead of Tuesday’s Read More…
The US dollar reverses losses, making gold more expensive for overseas buyers. The US economy makes an unexpected recovery in Q3. US consumer spending fell to 1.4%, indicating reduced demand. Gold (GC) futures prices declined in choppy trading as a gain in the dollar offset support for the precious metal. Gold had been rising on Read More…
US oil exports last week averaged 11.4 million barrels per day. The weaker dollar supports oil prices by making it cheaper for overseas buyers. US officials were forced to scale back the Russian price-cap plan. Following a session-high increase of more than 3%, crude oil (CL) futures prices continued to surge in early Asian trade Read More…
