That’s a poor reading for the monthly retail sales balance as UK retailers suffer the joint-worst October on record, according to CBI. Retailers are seen cutting orders to suppliers and are expected to do so again in November and that does not bode well heading into the winter months. High interest rates and cost-of-living concerns
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Oil rigs +1 Gas rigs +1 Reminder for energy traders: Next week’s EIA inventory data is delayed by a week. This article was written by Adam Button at www.forexlive.com. لینک منبع : هوشمند نیوز
Oil rigs 501 vs 497 last week Gas rigs 117 vs 118 last week Total rigs 622 vs 619 last week WTI is getting a big geopolitical premium this weekend, up $3.93 to $86.84 and with brent touching $90.00. The rig count has been grinding lower but the latest bump in prices might help to
USD/JPY News and Analysis BoJ Minutes Discuss Concerns Around Inevitable Policy Change In the early hours of this morning the BoJ minutes were released wherein a discussion about an exit from negative interest rates took place. One board member raised concerns from a risk management point of view with respect to the major policy change,
Melbourne Institute monthly inflation gauge flat m/m prior +0.2% +5.7% y/y prior +6.1% For the trimmed mean, +0.1% m/m and +5.1% y/y prior +0.1% m/m and +5.7% y/y This indicator is moving in the right direction for the RBA. CPOI levels are still elevated though. And the trimmed mean, while having dipped, is showing underlying
Permian rigs -6 to 308 Gas rigs 502 vs 507 Data today from the EIA showed US production up 90k bpd in July from June, which came as something as a surprised and helped to soften oil prices. Eventually though, falling rigs will bite. This article was written by Adam Button at www.forexlive.com. لینک منبع
Highest for this since late April. ANZ comments on the still dour result, looking for the bright side: While it remains at very low levels, there are signs of tempered optimism amongst households. Inflation expectations also fell to 4.9% – the lowest since Feb 2022 This article was written by Eamonn Sheridan at www.forexlive.com. لینک
Domestic sight deposits CHF 463.6 bn vs CHF 459.5 bn prior Sight deposits rose in the last week but as a trend they have been moving lower in the months before, so there isn’t much to read into the rise in last week’s levels. This article was written by Justin Low at www.forexlive.com. لینک منبع
Baker Hughes US oil rig count There’s about a 12 month lag from US drilling to production. I suspect we’ve bottomed here but it’s tough to say how quickly it will rebound. Yes, oil is at $90 but OPEC+ has 4 million barrels per day in spare production and oil company shareholders are trying to
