Oil prices collapsed further on Thursday as traders worried about an oversupply amid reports of another OPEC+ production boost. In parallel, downbeat US employment figures raised concerns about the state of the economy and demand for oil. WTI futures (Source: NYMEX, Bloomberg) Reports on Wednesday revealed that the members of OPEC+ were planning to boost Read More…
Recap from August 15 Analysis In our previous CL analysis, we highlighted: Technical Analysis Trend & Structure CL in the long term is not in a clearly defined trend, the price remains between $63 and $73. There is a symmetrical triangle formation but price has not had a clearly defined break even after attempting to Read More…
Currency futures edged higher on Monday as Fed rate cut bets remained elevated after Friday’s inflation figures. However, traders were cautious at the start of the week, as the US will release its pivotal monthly employment figures. Dollar monthly change (Source: Bloomberg) The dollar ended last month lower due to a surge in expectations for Read More…
Interest futures eased on Friday but were heading for a slight monthly gain after wild fluctuations. Prices have swung in August due to a big shift in the Fed rate cut outlook. At the same time, the conflict between Trump and Powell has impacted interest futures. This week, Fed rate cut expectations remained elevated as Read More…
Oil prices fell on Thursday as market participants anticipated a looming drop in demand with the end of the US driving season. However, optimism supported prices in the previous session after data revealed a significant draw in US crude oil inventories. Brent monthly performance (Source: ICE, Bloomberg) Oil was heading for a monthly drop on Read More…
Equities were almost flat on Wednesday as investors eagerly awaited Nvidia’s earnings report. Meanwhile, the stocks ended the previous session down amid worries about the independence of the US central bank. Nvidia is set to report its earnings later in the day. The stock rose in anticipation as analysts predicted another upbeat report. S&P 500 Read More…
