Tag: eia crude oil
USD/CAD: BOC’s hawkish hold provides little relief for loonie – MarketPulse
Bank of Canada holds rates steady at 5.00% for a second straight meeting; keeps door open for future hikes
Canadian dollar initially falls to...
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Week Ahead – Will OPEC+ announce another cut? Deflationary spiral in China? – MarketPulse
OPEC+
Oil prices are rallying at the end of the week, perhaps a sign of nerves appearing before the OPEC+ meeting this weekend. While...
Energy Prices remain strong as most commodities weaken on debt deal and growth concerns – MarketPulse
EIA Report: Inventories fall by 12.46 million barrels vs 932K expected build
Gold struggles as sticky inflation could support Fed skip
Global crypto market cap...
A busy Fed Day morning
Last round of data supports one last 25bp rate rise today
Treasury announces buybacks in 2024
WTI crude plunges below as demand fears grow
US stocks...
Commodities and Bitcoin rallies stall
Oil inventories drop as Saudis raise prices
Gold rally stalls ahead of $2050
Bitcoin anchored at $28,000
Oil
Crude prices are wavering after weakening US economic data...
US Close – Fed’s dovish hike trumped by Yellen not considering broad increase in deposit insurance, Oil rallies, Gold gets groove back, Bitcoin softens
Wall Street’s initial take on the Fed was that they delivered a dovish hike and that banking turmoil will finish the job of...
Week Ahead – More turmoil to come?
US
A week ago, a lot of economists were thinking the Fed was going to pick up the pace of rate hikes as disinflation...
Week Ahead – ECB Playing Catch-Up
US
The labor market is still strong but is showing signs it is ready to soften as wages cool. Wall Street will pay close...
Mid-Market Update: Powell Part Deux, Labor Market still looks hot after ADP & JOLTS, Stocks struggle, Oil remains heavy, Gold wavers, Bitcoin softens
US stocks struggled to find direction after another round of labor data suggests this market will remain tight and on Fed Chair Powell’s...
Week Ahead – A pivotal moment
US
The US has a very busy week ahead. The two main events are Fed Chair Powell’s semi-annual testimony to Congress and the nonfarm...
Mid-Market Update: Strong start fizzled out on Fed worries, Nvidia impresses, Claims suggest labor market is not ready to loosen, Crude rallies post EIA...
US stocks initially rallied as traders become confident the Fed’s rate hiking campaign will be over after two or three more rate hikes....
Oil pares gains, gold softens
Oil
Crude prices are higher on optimism the global economic outlook won’t get crushed from over-tightening by central banks. ​ The oil market will...
US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP cools, No surprise from OPEC/US stockpiles rise, Gold higher, Crypto
US stocks went on a Fed rollercoaster ride; weakening after the statement suggested the Fed will stick to their rate hiking guns, but...
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