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Tag: opec

Brent Crude – Tentative recovery but growth concerns continue to weigh – MarketPulse

Investors becoming wary about the economic outlook Supply cuts remain supportive Head and shoulders neckline provides support Oil prices recovered a little toward the back end...

Brent Crude – Oil looking a little tired as gas prices pare gains – MarketPulse

Brent losing momentum near $90 Gas prices ease after Wednesday’s surge Divergence a technical red flag Oil prices have risen more than 20% since late June,...

While the yen weakens again towards 145 against the dollar, EUR/JPY rises to highest levels since 2008 – MarketPulse

Japan last intervened in October when dollar-yen prices were at 150 Fed rate hike odds fall to 10% for the September 20th meeting Japan’s material...

USD/JPY higher on strong demand for 10-year notes; Commodities diverge – MarketPulse

Thursday’s inflation report to seal the deal for a Fed hold in September Treasury sells 10-year notes with strong demand as yields drop China deflation...

Brent Crude – China data weighs on oil prices – MarketPulse

Chinese trade data disappoints again Saudi and Russian cuts continue to support prices Divergence a potential red flag The data from China appears to be weighing...

Week Ahead – Will US core CPI stay at the lowest levels since 2021? – MarketPulse

US Everyone will be watching the US inflation report as a cool report could help support soft landing hopes and seal the deal for...

Loonie rallies as wages accelerate and oil price rally continues – MarketPulse

Canada lost 6,400 jobs in July as the unemployment rate rose for a third straight month Canadian wage pressures jump to 5.0%, which might...

Podcast – Dollar stumbles on mixed NFP report – MarketPulse

OANDA Senior Market Analyst Ed Moya joins Jonny Hart to discuss the latest US jobs report, Apple and Amazon earnings, and an easy...

Oil and loonie flying high together again – MarketPulse

Oil poised for best monthly performance since early 2022 Net-long positions in WTI  rise to highest levels in 3 months Goldman says global oil demand...

Oil rally stalls as demand softens, Gold rises post Fed – MarketPulse

EIA Report: stockpiles  dropped 600K vs -2.12M eyed Crude production falls to 12.2 million bpd (lower boundaries of this year’s range) Gold struggles as Fed...

Week Ahead – Bracing for next week’s earnings, rate decisions, and major economic data – MarketPulse

US The Fed is expected to resume raising rates at the July 26th FOMC meeting.  Fed funds futures see a 96% chance that the...

Oil rises as OPEC+ likely to try to keep oil market tight; Gold lower on strong USD – MarketPulse

Commodities are starting to post some diverging trends as US soft landing hopes improve.  Oil has benefited from a resilient US economy, but...

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