Oil Update: OPEC Monthly Report Points to Tighter Oil Market, Cuts Continue
Record US oil production partially offsets OPEC’s output drop but the global oil market is set to get tighter into year end
Record US oil production partially offsets OPEC’s output drop but the global oil market is set to get tighter into year end
Stock markets dropped back after yesterday’s CPI figure, but are attempting to move higher again this morning.
AUD/USD may experience a short-term bounce following comments by the RBA Governor. The medium-term picture leaves the Australian Dollar looking vulnerable from both a technical and macro perspective.
The UK economy expanded at a robust pace in the June, beating forecasts. Manufacturing and industrial production data also exceeded estimates.
Crude oil and natural gas have rebounded meaningfully in recent weeks. Is the downtrend since 2022 in both markets reversing? What is the outlook and the key levels to watch?
An initial move higher in Wall Street last Friday eventually faded into the close, as market participants took the opportunity for further profit-taking into the seasonally weaker month of August
The Japanese Yen is staring at a potential new low today with the US Dollar gaining traction along with treasury yields. The Fed and BoJ may add to volatility next week. Higher USD/JPY?