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Investors continue to come back to their senses and the latter involves trimming the interest rate cut expectations that went ahead of themselves over the past few months. Yesterday, the Federal Reserve’s (Fed) Beige Book survey suggested that resilient consumer spending during the holiday season helped propel the US economy, and another solid rise in […]

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16/01/2024

WTI Oil Technical: Sideways Within a Potential Minor Bottoming Configuration

Ongoing hostilities in the Middle East region and the Red Sea shipping route have put a potential “floor” in oil prices due to the increasing risk of supply disruptions. The demand side has remained weak as China’s top policymakers have signalled a less forceful approach in enacting stimulus measures after PBoC left its 1-year MLF […]
16/09/2024

Fed Rate Decision: Intrigue Returns

Influential financial media are promoting the need for a 50-basis point rate cut. The Fed’s blackout period starts 10 days before the rate decision is released, so the main influence on the markets during this time comes from traders’ interpretation of data and commentary from influential speakers in major financial media. Employment and inflation figures […]
02/07/2024

WTI Oil Outlook: Price Rises Above $84 for the First Time in Over Two Months

WTI oil price rose to nine-week high on Tuesday, in extension of strong Monday’s strong rally (up almost 2.5% for the day). Increased demand due to summer driving season and persisting supply fears on heated geopolitical situation inflate oil price, which rose above $84 per barrel for the first time since late April. Bullish technical […]