Oil Weekly Update: Market attention shifts back towards OPEC
Technical Analysis of Oil WTI Chart – Crude futures remain directionless around the $66 per barrel area ahead of OPEC meeting WTI futures remain rangebound between the $64.5 (S1) and $68.50 (R1) per barrel, since our last report, area as traders await in anticipation for the commentary of the OPEC meeting inbound on Sunday. Given […]
Senate approves Trump’s bill
After an all-nighter, Trump’s “One, Big, Beautiful Bill” passed through the Senate and is now up to the Congress to pass the legislation before the 4th of July celebrations later this week. Even though three Republicans defected from voting for the passage of their party’s proposal, the vote of confidence from Vice President Vance, tilted […]
Euro area inflation seen near ECB’s target
The preliminary print of Eurozone’s harmonized consumer price index (HICP), which gauges inflation trends across European nations will be the point of interest for Euro traders today, since it could indirectly give insights in to how ECB policymakers policy plans onwards. According to expectations, core inflation, which excludes volatile food and energy prices, across the […]
China’s manufacturing output underperforms
Earlier today in the Asian session, traders came face to face with the latest PMI data updates from the Red Dragon and conflicting results hinted that authorities may need to do more stimulus work to keep the economy going. Even though services activity continued to expand and at a faster pace than economists projected, the […]
The Fed’s favorite inflation metric gets an update
After a tumultuous week filled with geopolitical events, traders now switch their attention towards “traditional” economic news releases and to be specific, the release of the Core PCE index update for the month of May. Given the fact that the Federal Reserve primarily focuses on the aforementioned release in order to gauge the potency and […]
Outflows from the greenback intensify
Investors remain concerned about the state of the US economy given the aspirations of the current administration in regards to its fiscal political policies and seek safety elsewhere in order to insulate their holdings. On the geopolitical front, investors remain cautious towards the state of affairs in the Middle East, assessing the potency of the […]
Oil Weekly Update: Tensions ease post Israel-Iran ceasefire
Technical Analysis of Oil WTI Chart – Negative momentum drives WTI prices closer to fresh 4 year lows WTI futures are now attempting to consolidate and form base around the $65 per barrel area after the sharp correction since the announcement of the ceasefire between Israel and Iran, as traders await patiently for more developments […]
Nasdaq on the brink of breaking into new record highs
After two consecutive weeks of relatively thin trading conditions and apparent lack of volatility, equity futures across the US have managed to make headway this week and rally higher, as the resolution (temporary?) of the conflict between Israel-Iran tamed fears, and nudged investors to return to their default, risk-off approach. Outflows from safe haven assets […]
Trump declares the end of the war after Iran’s symbolic strike
Tension quickly dissipated earlier today after the Iranian regime decided to restrain from escalating tensions and instead retaliated by “symbolically” striking a US base in Qatar. The US administration and more specifically President Trump, branded the response from Iran as “weak” and quickly proclaimed the end of the war between the two mortal enemies and […]
World braces for Iran’s retaliation
Over the weekend and in a historic first, the United States put to usage their bunker-buster missiles and conducted military strikes on three Iranian nuclear facilities, in order to dismantle Tehran’s nuclear program and prevent the regime from ever achieving nuclear proliferation. Seven B-2 bombers, 125 aircraft, and more than 75 precision-guided weapons conducted the […]
Silver futures fall from 13-year highs
After an impressive technical breakout and the rally of silver futures into fresh 13-year highs, traders opted to capitalize on the overextension by taking profits and await for further information. The Federal Reserve’s decision to keep policy rates intact earlier this week, noting the prolongment of its longstanding cautious and data dependent approach, due to […]
Monetary policy decisions round-up
Making a start with the Federal Reserve’s rate decision yesterday, the central bank decided to kept rates intact as widely expected at the 4.25%-4.5% for the fourth straight meeting and the policymakers dot plot graph showcased projections that only two rate reductions will follow in 2025. The board remains still concerned about the impact of […]
Oil Weekly Update: Energy markets in a state of nervous anticipation
Technical Analysis of Oil WTI Chart – Rallies towards the peak of last Friday’s spike with strong momentum, as Israel-Iran hostilities escalate WTI futures managed to swiftly recover most of the short-lived pullback losses, rebounding strongly towards last Friday’s $77.60 peak as traders project that the prolongment of the conflict between Israel and Iran could […]
All eyes on the Fed
Without a shadow of a doubt, the main attraction of this week is the upcoming policy rate decision from the Federal Reserve later on today alongside the speech from the head of the central bank for gauging the trajectory of interest rates in the foreseeable future. As for the actual decision, the market has already […]
BoJ stands pat, Yen remains rangebound
Earlier today in the Asian session, Bank of Japan, as expected, kept its key short-term interest rate intact at the 0.5% level, at its highest levels since 2008, and noted that the return towards looser financial conditions is currently not appropriate, signaling that rates will most likely remain at this level for a prolonged period […]
Tensions aggravate across the Middle East
Crude oil futures remain elevated near the $70 per barrel area, attempting to consolidate most of Friday’s gains with traders maintaining their bullish outlook, fearing for further supply disruptions and the extension of the conflict. Conflict between Israel and Iran aggravated during the weekend with the two sides exchanging missile blows across their opposing energy […]
Crude spikes as Israel strikes Iranian nuclear sites
Crude oil futures soared by 13% in the early market hours today as news agencies reported that Israel has launched a mass military air strikes via warplanes on Iranian soil, targeting its nuclear facilities and ballistic missile sites, a move that escalates dramatically the odds for instability across Middle East. Isreal’s PM Netanyahu attempted to […]
Tariff talk update
US-China talks have concluded for now, with both parties agreeing to construct a formal, mutually beneficial framework that would honor the trade truce of the world’s largest economic superpowers. The United States pledged to hold new tariffs at 30%, maintaining at the same time its originally proposed 10% baseline tariff on all the imported Chinese […]
Oil Weekly Update: US-Iran hostility boosts WTI to 2-month highs
Technical Analysis of Oil WTI Chart – Negative momentum drives WTI prices closer to fresh 4 year lows Yesterday, WTI futures broke definitively above the $63.60 area that has acted as resistance for the past three months and have quickly risen to the $69 per barrel area, as traders rushed to price in the potential […]
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