Here is what you need to know on Friday, October 14: Here we go again with the UK taking markets on a merry dance. Latest reports...
Here is what you need to know on Thursday, October 13: Yet another CPI shocker, and off we go again! We are stuck in an inflationary...
USD/CAD grinds higher as bulls await key data after three-day ruling. Oil pauses downside as Saudi Arabia defends latest OPEC+ supply cut agreement. Cautious mood, hawkish...
WTI is under pressure leading up to the key event of the week in US CPI. Energy supply risks are rising in OPEC’s influential Monthly Oil...
WTI remains heavy, extending its losses to three consecutive days, down 1.40%. The OPEC and the US Department of Energy cut their oil production forecasts for...
Oil prices have declined below $90.00 as the impact of OPEC’s production cuts has started easing. US officials are preparing to advance Russia’s oil price cap....
WTI remains pressured after snapping five-day uptrend at monthly high. Downside break of weekly support line joins bearish MACD signals, RSI retreat to favor sellers. 200-SMA...
In a follow-up to prior news from the European session, Germany backs joint EU debt to tackle energy crisis – Bloombergwhereby it was stated that Germany...
WTI Oil peaks at $93.60 and retreats to $90.50 area. Oil prices decline on profit-taking, economic concerns. The near-term positive trend remains intact while above $90.50...
WTI keeps Friday’s pullback from six-week high, dribbles around intraday low of late. US criticism of OPEC+ move joins downbeat China data, hawkish Fed bets to...
USD/CAD licks its wounds after snapping three-week uptrend. Oil buyers take a breather at six-week high as firmer DXY probe commodity buyers. Canada employment numbers also...
The S&P 500 continues to recover from recent losses. SPY stages big intraday turnaround to close nearly flat on Wednesday. Headwinds from oil and yields are...
USD/CAD bears are in town, attempting to take over control. USD/CAD bulls could be back for more is the US dollar can stabilize in support. The...
US oil prices rally higher on the OPEC cut and a drop in US oil inventories. US data improves this week, money markets price out overall...
Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries and allies including Russia, known collectively as OPEC+, has agreed to lower oil...
Oil prices have turned sideways at around $85.50 ahead of the OPEC meeting outcome. The US economy believes that current economic fundamentals don’t support production cuts....
Oil prices are marching higher to hit the immediate hurdle of $85.00. Globally, weak manufacturing PMI performance has failed to stop the oil bulls. OPEC+ production...