Oil prices are for failing to hold on this week’s winning streak. The EIA report from Wednesday showed Cushing Crude Supply fell to a seven-year low. The US Dollar Index trades stronger after the European Central Bank interest-rate decision failed […]
Crude Oil turns out to be short lived after OPEC+ report drags Oil prices lower Read More »
The US Dollar sees earlier gains cut in half after inflation for November falls in line of expectations. Traders boost bets for a last rate cut next week from the Fed. The US Dollar Index (DXY) is trading around 106.50 and fails
US Dollar holds on to small pop after CPI fails to fire up DXY Read More »
Oil prices dives lower on Friday, over 1% on the day, for a third consecutive day. The OPEC+ decision, which was again a three-month delay for its output normalization, does not solve the issue of oversupply. The US Dollar Index softens after US Nonfarm
Crude Oil slides and heads for a weekly loss after OPEC+ fails markets badly Read More »
The US Dollar flat with dust settling over Nonfarm Payrolls number. The Greenback is being rebalanced with markets looking for a December rate cut from the Fed. The US Dollar Index (DXY) is back above pivotal support at 105.50, heading
US Dollar flat as dust settles over NFP and nervous week in French politics Read More »
Oil prices are broadly flat on the day, retreating further away from $70, as traders brace for OPEC+ decision on supply cuts. OPEC+ needs to overdeliver on market expectations in order to prevent Oil prices from dropping further. The US
Crude Oil steadies ahead of OPEC+ decision on supply cuts Read More »
The US Dollar whipsaws on Wednesday and turns red after both S&P and ISM Services release. Federal Reserve Bank of St. Louis President Alberto Musalem delivers hawkish comment. Fed Chairman Powell is set to speak during the American session, likely
US Dollar dips after US Services sector fails to deliver on expectations Read More »
The Euro recovers firmly ahead of the US opening bell on Tuesday. Traders are supporting the Euro with possible fresh government formation as soon as Wednesday. The US Nonfarm Payrolls release is due Friday with JOLTS being printed this Tuesday. The
Oil prices stabilize on Monday as OPEC+ gathers online on Thursday to decide on extending production curbs. Iranian official Afshin Javan accuses OPEC+ of the current dire outlook for Oil prices and consumption in 2025. The US Dollar Index rallies
Crude Oil consolidates as markets brace for OPEC+ meeting Read More »
The US Dollar off the lows for this Friday with markets nervous on France’s budget talks possibly toppling the government. Monday’s opening might get choppy if French Prime Minister Michel Barnier is unable to secure a deal with the far-right
US markets trade with limited capacity due to the Thanksgiving aftermath on Friday. OPEC+ ministers will meet in person before the delayed Output Policy Meeting scheduled on Thursday. The US Dollar Index retreats further, with French yields narrowing the rate
Crude Oil sees buyers and sellers compressed in tight range ahead of OPEC+ meeting Read More »
