Brent Oil Price Analysis: Anticipating a Correction

Markets Japanese stock markets outperform this morning (Nikkei +3%) after returning from a long weekend (closed for Mountain Day yesterday). The index now recovered from Monday’s meltdown, but is still 7% below the levels of the July 31 Bank of Japan meeting with set things on fire. The BoJ’s 15 bps rate hike triggered a […]

U.S. Highlights January’s personal and income spending report landed just where it was expected to, with the only surprise coming from a bigger than expected lift from nominal personal income growth. The Fed’s preferred measure of inflation, core personal consumption expenditure prices, cooled to 2.8% year-on-year, with near-term trends suggesting it has room to fall. […]

Gold price jumped on Tuesday and retested psychological $2200 barrier, inflated by weaker dollar on improved sentiment about Fed rate cuts and persisting geopolitical risks. Market awaits release of US inflation data, due later this week, which could bring fresh hints about timing of the start of rate cuts. Fresh strength attacks the ceiling of […]