LNG exports and domestic demand fuel a bullish 2025 natural gas forecast as production holds steady. Key price levels suggest upward potential for traders.
Sat, 21 Dec 2024 22:18:30 -0500
The financial markets were jolted by Fed's hawkish rate cut last week, sending ripples across stocks, bonds, currencies, precious metals, and even cryptocurrencies. Fed's indication of prolonged restrictive monetary policy fueled risk aversion, pushing Dollar to end the week as the strongest performer in the currency markets, supported by surging yields and elevated Fed expectations.
Sat, 21 Dec 2024 17:01:19 -0500
French President Emmanuel Macron expressed full support on Saturday for Ethiopia's debt restructuring efforts, emphasising the need for a swift resolution "in the coming weeks".
Sat, 21 Dec 2024 16:02:02 -0500
Oil prices fall 1.99% as weak Chinese demand and strong dollar weigh on crude futures. Traders eye OPEC+ cuts and Fed policy for future price direction.
Sat, 21 Dec 2024 12:38:50 -0500
DXY rises 0.81% for the week as the Fed signals fewer 2025 rate cuts, Treasury yields climb, and inflation concerns persist.
Sat, 21 Dec 2024 05:08:10 -0500
Natural gas rallies above key resistance, confirming bullish reversal signals on multiple time frames and opening the door for extended gains toward 4.33.
Fri, 20 Dec 2024 16:31:56 -0500
The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, took a hit after soft Personal Consumption Expenditures (PCE) data was released during the European session. Markets are also assessing political woes in the US, which soured market sentiment.
Fri, 20 Dec 2024 16:20:03 -0500
The Australian Dollar consolidates around 0.6200 on Friday as traders digest November's US Personal Consumption Expenditures (PCE) inflation data. With the Federal Reserve (Fed) expected to keep interest rates steady at the first 2025 policy meeting, investors also await next week's Reserve Bank of Australia (RBA) minutes for insight into potential rate moves.
Fri, 20 Dec 2024 16:17:33 -0500
United Kingdom CFTC GBP NC Net Positions dipped from previous £27.1K to £21.6K
Fri, 20 Dec 2024 15:36:43 -0500
United States CFTC Oil NC Net Positions climbed from previous 190.1K to 230K
Fri, 20 Dec 2024 15:36:15 -0500
Japan CFTC JPY NC Net Positions dipped from previous ¥25.8K to ¥6K
Fri, 20 Dec 2024 15:34:10 -0500
Australia CFTC AUD NC Net Positions down to $-61.5K from previous $8.5K
Fri, 20 Dec 2024 15:33:56 -0500
Eurozone CFTC EUR NC Net Positions increased to €-65.9K from previous €-75.6K
Fri, 20 Dec 2024 15:33:14 -0500
Oil markets are moving higher as U.S. dollar declined from yearly highs.
Fri, 20 Dec 2024 13:14:27 -0500
United States Baker Hughes US Oil Rig Count up to 483 from previous 482
Fri, 20 Dec 2024 13:03:02 -0500
What a year this week was! The show stealer was Minister Freeland's surprise resignation the day she was set to deliver the Fall Economic Statement (FES).
Fri, 20 Dec 2024 12:43:46 -0500
The final major data point from Statistics Canada in 2024 will be Monday's gross domestic product release for October, which will be the last GDP print before the Bank of Canada's Jan. 29 meeting. We look for a 0.2% increase that would be the strongest monthly gain since April, and firmer than the 0.1% advance estimate a month ago.
Fri, 20 Dec 2024 12:37:39 -0500
The tradition of central banks hosting meetings just before Christmas continued this year with policy decisions in the US, Japan, UK, Norway, and Sweden. The largest present came from the US Federal Reserve in the shape of a significant hawkish surprise.
Fri, 20 Dec 2024 12:35:32 -0500
The U.S. dollar ends the year on a strong note, hitting two-year highs at 108.45. The Fed expects a 50-point rate cut for the full year 2025 versus 4 cuts one quarter earlier, citing higher inflation forecasts and a stubbornly strong labour market.
Fri, 20 Dec 2024 12:32:53 -0500
Budget balance for October C$-1.49 billion versus October 2023 balance of C$-6.96 billion prior month C$-3.17 billion. YTD C$14.50 billion vs year ago of C$-15.13 billion This article was written by Greg Michalowski at www.forexlive.com.
Fri, 20 Dec 2024 11:04:11 -0500