The US economy performed better-than-expected in 2024, with the International Monetary Fund (IMF) upgrading its growth forecast for the region, and the resilience may persist in 2025 as the Federal Reserve unwinds its restrictive policy.
Sun, 29 Dec 2024 06:00:00 -0500
Natural gas futures climb on forecasts for early January cold, boosting demand despite bearish storage data. Traders eye weather patterns for future moves.
Sun, 29 Dec 2024 01:00:50 -0500
Oil prices rise as U.S. inventory draws and China's stimulus boost demand outlook. Can this bullish momentum carry into 2025 despite rising global supply?
Sat, 28 Dec 2024 21:12:10 -0500
Russia Unemployment Rate in line with expectations (2.3%) in October
Sat, 28 Dec 2024 11:00:36 -0500
US Dollar gains 0.2% this week as rising yields and inflation concerns drive demand. Fed's cautious stance and Trump's policies fuel DXY strength into 2025.
Sat, 28 Dec 2024 08:15:50 -0500
February natural gas futures climb on colder U.S. weather, despite weaker-than-expected inventory draw. Market trends and technical levels examined.
Sat, 28 Dec 2024 02:14:21 -0500
Oil prices rise 1% as U.S. crude inventories fall 4.2M barrels, boosting futures. China's growth outlook fuels demand optimism for 2024.
Sat, 28 Dec 2024 01:10:44 -0500
Russia S&P Global Services PMI dipped from previous 53.2 to 51.2 in December
Sat, 28 Dec 2024 01:00:33 -0500
Hang Seng Index gains 1.87% on fresh China stimulus, with tech and real estate stocks surging despite US-China trade concerns.
Fri, 27 Dec 2024 22:54:23 -0500
The Australian Dollar pair trades in a very tight range near the yearly support of 0.6200 in Friday's session. The Aussie struggles for direction as global market activity remains muted, with traders largely focused on New Year festivities.
Fri, 27 Dec 2024 17:01:37 -0500
Testing Fibonacci and trendline support, natural gas hovers near 3.29. A decisive move below threatens uptrend, while above 3.45 signals renewed bullish momentum.
Fri, 27 Dec 2024 16:28:06 -0500
A strong week with a gain of 1.08% on the first day of the ‘Santa Rally' (last trading day before Christmas). Bulls are excited!
Fri, 27 Dec 2024 15:37:56 -0500
The US Dollar Index, which measures the value of the USD against a basket of currencies, is trading within a very tight range on Friday, holding near 108.00 mark. Markets remain cautious, and thin year-end trading conditions limit volatility.
Fri, 27 Dec 2024 13:29:28 -0500
Oil markets are moving higher as traders focus on the EIA Weekly Petroleum Status Report.
Fri, 27 Dec 2024 13:16:05 -0500
The Canadian Dollar (CAD) continued its soft stance on Friday, easing into familiar near-term lows and shedding one-quarter of one percent against the US Dollar. The Loonie is entering a lull period with functionally no releases on the data docket in the immediate future, leaving CAD traders to battle it out near multi-year lows.
Fri, 27 Dec 2024 13:10:26 -0500
United States Baker Hughes US Oil Rig Count meets forecasts (483)
Fri, 27 Dec 2024 13:02:52 -0500
The European major indices are closing higher on the day. That runs counter to the moves seen in the US stock indices which are down sharply as money rebalances out of US and into Europe (at least today).
Fri, 27 Dec 2024 12:17:22 -0500
Overall picture remains firmly bullish, with Dollar index being on track for the third consecutive monthly gain (over 7% advance in past three months).
Fri, 27 Dec 2024 11:08:51 -0500
The natural gas market fell a bit in the past week but continues to see a lot of noisy action. The support level below continues to show signs of strength, and I think that at this point it is obvious that the buyers still have some time to run.
Fri, 27 Dec 2024 11:05:56 -0500
The Pound to Canadian dollar (GBP/CAD) exchange rate tested 6-year highs around 1.8200 in December on yield grounds before a retreat to around 1.8050. RBC Capital Markets (RBC) considers that there is scope for a Canadian recovery later in 2025 with the overvalued Pound vulnerable to a retreat.
Fri, 27 Dec 2024 11:00:00 -0500