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Markets The US/UK air strikes against Houthi targets in Yemen retaliating for shipping attacks in the Red Sea dominated media, but their market impact remained rather limited for now. The biggest move came on the oil market with Brent crude rising from $77/b before the first strikes to as high as $80.5/b. Traditional risk-related mechanisms […]

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Weekly Economic & Financial Commentary

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02/05/2024

May FOMC: Stalling in Inflation Leaves FOMC Stalling for Time

Summary As was widely expected, the FOMC left the fed funds target range unchanged at 5.25%-5.50% at the conclusion of its May meeting. It was evident, however, that the Committee believes inflation’s return to its 2% objective likely has a somewhat longer and uncertain journey ahead. In the post-meeting statement, the Committee noted that “in […]
14/06/2024

WTI Oil Week Ahead: WTI Eyes $80 a Barrel on Demand Optimism

WTI Oil on course for its best week in over two months. WTI unfazed as OPEC and IEA forecast paint differing demand pictures. WTI eyeing trendline break and psychological $80 a barrel mark. Fundamental Overview and Week in Review WTI oil prices are experiencing a resurgence this week, driven by demand optimism. This positions WTI […]
21/03/2024

WTI Crude Oil Futures Slip from 4-Month Peak

WTI crude oil looks positive despite the latest drop 20- and 200-day SMAs post bullish cross MACD and RSI show positive signs WTI crude oil futures are easing after the climb towards the new four-month high of 83.11 but the broader outlook remains bullish, especially after the rally above the 80.00 round number. According to […]