Crude Oil Week Ahead: Crude oil faces volatility risks ahead of the OPEC meeting, now rescheduled for Wednesday to accommodate all members and avoid a clash with the Gulf Summit. Sideways price movements persist, leaning towards a bearish bias for 2025.
Sun, 01 Dec 2024 08:00:00 -0500
The FP Markets Week-Ahead release highlights key macro drivers to be aware of for the upcoming trading week.
Sun, 01 Dec 2024 05:18:07 -0500
A week largely dominated by geopolitical developments as the US celebrated the Thanksgiving Holidays ended with somewhat of a whimper. The lack of liquidity was evident on Thursday and Friday as markets looked to make sense of broad development along the geopolitical sphere.
Sun, 01 Dec 2024 01:34:26 -0500
That didn't take long. This week President-elect Trump surprised markets (and analysts) with the threat of a 25% across-the-board tariff on Canadian and Mexican-made goods, which would be implemented as soon as the incoming administration takes office in January.
Sun, 01 Dec 2024 01:30:35 -0500
We expect Canadian employment edged up 10,000 with the unemployment rate rising to 6.7% in November from 6.5% in October. Canada has steadily posted job growth, but not fast enough to keep up with growth in the labour force as the population continues to rise rapidly.
Sun, 01 Dec 2024 01:24:17 -0500
Natural gas prices teeter between bullish breakout and bearish decline. Weather, technicals, and supply data create a volatile outlook for the week.
Sat, 30 Nov 2024 18:28:12 -0500
Crude oil drops 4.55% to $68, pressured by oversupply forecasts. Can OPEC+ extend deeper cuts to reverse bearish market sentiment?
Sat, 30 Nov 2024 10:55:43 -0500
US Dollar Index drops to 105.615, its steepest weekly loss in 4 months, as inflation data and Fed policy shifts dampen bullish momentum heading into December.
Sat, 30 Nov 2024 09:41:14 -0500
China stimulus speculation lifts Hang Seng and Mainland stocks, while Nikkei dips on BoJ rate hike bets and a stronger Yen.
Sat, 30 Nov 2024 01:00:02 -0500
China NBS Non-Manufacturing PMI came in at 50 below forecasts (50.2) in November
Fri, 29 Nov 2024 20:32:13 -0500
China NBS Manufacturing PMI meets expectations (50.3) in November
Fri, 29 Nov 2024 20:31:08 -0500
The Mexican Peso appreciated against the US Dollar during the North American session as the Greenback extended its downfall and is about to hit its most significant weekly loss in three months. Speculation that US President-elect Donald Trump may moderate his trade rhetoric weighed on the American currency.
Fri, 29 Nov 2024 17:34:41 -0500
The AUD/USD pair extends gains for the third straight day on Friday, although it has trimmed a portion of its intraday gains and holds above the 0.6500 psychological threshold. The pair recently reached a multi-day high before retracing some of its intraday gains.
Fri, 29 Nov 2024 17:02:00 -0500
Mexico Fiscal Balance, pesos climbed from previous -161.09B to 37.66B in October
Fri, 29 Nov 2024 16:00:42 -0500
A pullback in natural gas may test pivotal support, offering traders a calculated risk opportunity within a strengthening bullish pattern.
Fri, 29 Nov 2024 15:56:31 -0500
Brazilian President Luiz Inacio Lula da Silva nominated Nilton David, head trader at Bradesco bank, to serve as the next monetary policy director at the central bank starting in January, the institution said on Friday.
Fri, 29 Nov 2024 15:53:39 -0500
Nvidia stock recovered on Friday as coming chip curbs on China seem less strict
Fri, 29 Nov 2024 15:26:16 -0500
The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, trades near 106.10 with mild losses but trimmed most of its daily losses, which saw the index below 106.00.
Fri, 29 Nov 2024 14:51:08 -0500
In a shortened trading week for the Thanksgiving holiday, President-elect Donald Trump sent shockwaves through the markets by announcing plans to impose a 25% tariff on all imports from Mexico and Canada alongside a 10% hike on Chinese goods. These measures, he indicated, aim to pressure these countries to address drug trafficking and illegal immigration.
Fri, 29 Nov 2024 14:35:51 -0500
Oil markets are under pressure amid lack of positive catalysts.
Fri, 29 Nov 2024 14:00:18 -0500