[ad_1] Market Recap The US jobs data release last Friday continues to reflect signs of softening in the US labour market, which seems to be in line with what the Federal Reserve (Fed) wants to see. Job additions were somewhat lukewarm despite being slightly higher than consensus (187,000 versus 170,000 forecast), while unemployment rate jumped
[ad_1] Recommended by Daniel Dubrovsky How to Trade Gold The US Dollar broadly underperformed against its major counterparts this past week, with gold prices seeing a strong rally. A root cause of this was somewhat disappointing economic data from the world’s largest economy. That contributed to financial markets increasingly pricing in a less dovish Federal
[ad_1] Today is the seventh straight day of gains for oil and it’s broken out to the highest levels of the year. The $85 level has been a barrier for crude this year but yesterday Russia’s Novak said that next week OPEC+ will announce a new supply agreement. He didn’t say whether that would entail
[ad_1] Crude Oil, WTI, Brent, Russia, OPEC+, China, India, EIA, API, OVX, NFP – Talking Points Crude oil jumped over hurdles overnight on possible Russian output cuts Stockpiles in the US continue to paint a picture of solid demand there The oil market structure might be supportive of it. Will WTI make a new high?
[ad_1] Market Recap Recommended by Jun Rong Yeap Get Your Free Equities Forecast Wall Street headed higher for the fourth straight day, but this time with more measured gains as some reservations kicked in ahead of the US core Personal Consumption Expenditures (PCE) data release later today. Current consensus are for a stronger growth in
[ad_1] Brent crude hourly Oil has taken a quick trip lower after brent fell through $84 in the past hour. That leaves oil down 31-cents on the day after rising as high as $84.74 earlier. The selling comes despite the latest US oil rig count falling by anotehr 8 rigs. They’re now down 133 year
[ad_1] The price of WTI crude oil futures are settling at $79.83. That’s up $0.78 or 0.99%. For the week, the price-1.03% or $-0.87 (at current levels). It is the 2nd consecutive week to the downside after last week’s decline of -3.04%. Crude oil Looking at the chart above, at the lows this week, the
[ad_1] Crude Oil, WTI, Brent, Fed, Powell, Jackson Hole, US PMI, EIA – Talking Points The crude oil price is treading water as markets await Fed views Weak US PMI data appeared to overwhelm EIA inventory figures Markets are poised for clues from the Fed. Will WTI break support? Recommended by Daniel McCarthy Traits of
[ad_1] Market Recap Initial gains in Wall Street reversed sharply overnight, with Nvidia’s stellar results hit with a sell-the-news market reaction, as market participants de-risk ahead of Fed Chair Jerome Powell’s Jackson Hole speech later tonight. The VIX was up 7.6% as a reflection of increased hedging activities, while market sentiments (from the CNN Fear
[ad_1] Exploring the intricate workings of the Crude Oil market requires a mix of sharp insight and clear communication. Today, we’re taking a pragmatic approach to Crude Oil (USoil), offering a snapshot of the current state in this ever-shifting landscape. Amid signals from China’s demand pulse and the distant murmurings of potential US interest rate
