US commercial crude oil inventories dropped -4.8m barrels in the week ending February 4. At 410.4m barrels, oil inventories are about -11% below the give year average for this time of year. Gasoline inventories dropped Read more…
In a Twitter Q&A, ECB Executive Board member Isabel Schnabel said, “in the 1970s rising oil prices triggered a harmful price-wage spiral, as inflation expectations drifted away.” But, “today longer-term inflation expectations are well-anchored. We Read more…
Disney’s return of a pandemic-canceled favorite activity may encourage more people to book Disney vacations. The Covid pandemic made a lot of things that people really enjoy impossible because of the inability to social distance. Read more…
The UK will publish its final quarterly GDP growth readings for 2021 on Friday at 09:30 GMT. The outcome may not impress investors as forecasts imply the economy almost flatlined at the end of the Read more…
Markets Trees don’t grow to sky. Even interest rate markets today took a breather as the combined effect of an ECB policy U-turn and strong US payrolls is apparently ‘discounted’. For now, it’s still nothing Read more…
The Australian dollar has extended its rally for a third straight day. In the North American session, AUD/USD is trading at 0.7179, up 0.49% on the day. It’s looking all roses for the Aussie this Read more…
Daily Pivots: (S1) 1.1392; (P) 1.1421; (R1) 1.1445; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. A medium term bottom could be in place at 1.1120, on bullish convergence condition in daily Read more…
Daily Pivots: (S1) 0.9231; (P) 0.9247; (R1) 0.9268; More…. Intraday bias in USD/CHF remains neutral at this point. Further rise will remain mildly in favor as long as 0.9090 support holds. break of 0.9372 will Read more…
Daily Pivots: (S1) 115.20; (P) 115.41; (R1) 115.77; More… Intraday bias in USD/JPY remains neutral as range trading continues. Overall, consolidation pattern from 116.34 is still extending. On the upside, break of 115.68 will resume Read more…
US stocks are set to extend gains as treasury yields ease and earnings remain supportive. US futures Dow futures +0.7% at 35708 S&P futures +0.96% at 4464 Nasdaq futures +1.38% at 14945 In Europe FTSE Read more…