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Oil News: Will Weak Demand from China and U.S. Drag Crude Prices Lower This Week?

China's economic slowdown hits crude oil demand, while OPEC+ raises production—will oil prices drop further this week? Full analysis and forecast.

Sat, 07 Sep 2024 10:44:12 -0400

Market Jitters Rise as Indecisive Fed Outlook Sparks Risk Aversion Across Assets

Investors expressed clear dissatisfaction with last week's US non-farm payroll report, not much due to a miss in job growth expectations, but data left the size of the upcoming Fed rate cut unsettled, raising fears that Fed's indecisive stance could worsen the already fragile economic outlook. In response, US equity markets ended the week sharply lower, with major indexes posting significant losses alongside a notable drop in the benchmark 10-year Treasury yield.

Sat, 07 Sep 2024 08:19:16 -0400

Week Ahead: Can the US CPI Do What Payrolls Didn't and Persuade the Market that the Fed Will Deliver a 50 bp Cut?

After the US jobs report and Fed speak, the market scaled back the odds of a 50 bp cut at the September 17-18 FOMC meeting. It settled last week slightly below a 30% chance.

Sat, 07 Sep 2024 07:15:00 -0400

China FX reserves rise to highest level since 2015 in August

China's foreign exchange reserves rose to the highest level in more than 8-1/2 years in August, official data showed on Saturday, thanks largely to a broadly weaker U.S. dollar.

Fri, 06 Sep 2024 22:27:50 -0400

Markets Weekly Outlook – ECB Rates, China and US Presidential Debate in Focus

As the week draws to a close, US jobs data failed to provide clarity on whether the US Federal Reserve will deliver a 25 or 50 bps cut at the September 18 meeting. Although the number of jobs created missed estimates, there was enough in the report to keep markets on edge for a little while longer.

Fri, 06 Sep 2024 22:06:18 -0400

Weekly Economic & Financial Commentary: Rate Cut at Sept. 18 FOMC Meeting, 25 bps or 50 bps?

The August jobs report did little to settle the debate if a 25 bps or 50 bps rate cut is coming this month. We're sticking with 50 bps, but acknowledge 25 bps as a real possibility.

Fri, 06 Sep 2024 21:38:12 -0400

U.S. Inflation Print Expected to Tee Up First Fed Interest Rate Cut Since 2020

Headline U.S. inflation for August on Wednesday is expected to fall to 2.5% after dipping below 3% in July for the first time since 2021, setting up the U.S. Federal Reserve to cut interest rates for the first time since 2020.

Fri, 06 Sep 2024 21:35:18 -0400

Colombia Consumer Price Index (MoM) came in at 0% below forecasts (0.22%) in August

Colombia Consumer Price Index (MoM) came in at 0% below forecasts (0.22%) in August

Fri, 06 Sep 2024 19:05:19 -0400

Colombia Consumer Price Index (YoY) dipped from previous 6.86% to 6.12% in August

Colombia Consumer Price Index (YoY) dipped from previous 6.86% to 6.12% in August

Fri, 06 Sep 2024 19:05:10 -0400

Australian Dollar struggles to gain on RBA's hawkish posture

The AUD/USD declined by 0.85% in Friday's session, now hovering near the 0.6700 level following the release of the US Nonfarm Payrolls (NFP) report for August. However, the hawkish stance of the Reserve Bank of Australia (RBA), suggests that no imminent rate cuts are likely, which might limit the downside to the Australian Dollar.

Fri, 06 Sep 2024 17:12:54 -0400

Mexican Peso falls on concerns over judicial reform, ends week down over 1.40%

The Mexican Peso depreciated against the American currency on Friday after the US Nonfarm Payrolls (NFP) report spurred volatility in the bond market. Fed interest rate probabilities fluctuated between a 50 or 25-basis-point cut.

Fri, 06 Sep 2024 16:50:19 -0400

Amazon stock slides over 3% on NFP jobs miss

Amazon stock slides over 3% on NFP jobs miss

Fri, 06 Sep 2024 16:32:43 -0400

Natural Gas Price Forecast: Strengthens, Eyeing Key Breakout Levels

Natural gas shows strength, nearing a potential double bottom breakout above 2.30. Resistance at 2.29 has slowed momentum, but further gains remain likely.

Fri, 06 Sep 2024 16:30:55 -0400

United States CFTC Oil NC Net Positions fell from previous 226.7K to 177K

United States CFTC Oil NC Net Positions fell from previous 226.7K to 177K

Fri, 06 Sep 2024 15:32:03 -0400

United Kingdom CFTC GBP NC Net Positions increased to £108.1K from previous £89.9K

United Kingdom CFTC GBP NC Net Positions increased to £108.1K from previous £89.9K

Fri, 06 Sep 2024 15:31:49 -0400

Australia CFTC AUD NC Net Positions climbed from previous $-19.2K to $-7.9K

Australia CFTC AUD NC Net Positions climbed from previous $-19.2K to $-7.9K

Fri, 06 Sep 2024 15:31:41 -0400

Japan CFTC JPY NC Net Positions rose from previous ¥25.9K to ¥41.1K

Japan CFTC JPY NC Net Positions rose from previous ¥25.9K to ¥41.1K

Fri, 06 Sep 2024 15:31:32 -0400

Eurozone CFTC EUR NC Net Positions up to €100K from previous €92.8K

Eurozone CFTC EUR NC Net Positions up to €100K from previous €92.8K

Fri, 06 Sep 2024 15:31:21 -0400

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Lows On Demand Concerns

Oil traders stay focused on economic data from the U.S. and China.

Fri, 06 Sep 2024 14:46:25 -0400

Russia raises main economic forecasts, sees higher year-end inflation

A sharper rise in capital investment is one of many improvements to Russia's 2024 economic outlook, new economy ministry forecasts showed, though stubbornly accelerating inflation may blunt the impact of faster rises in household incomes.

Fri, 06 Sep 2024 13:07:35 -0400

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