Crude Oil WTI

The much-anticipated testimony from Fed Chair Jerome Powell happened on Wednesday. As widely speculated, Powell made the case for a rate cut. This sets the stage for the July Fed meeting where interest rates could be lowered. Following…
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The markets were trading mostly flat on the day on Tuesday thanks to a lack of economic data. Investors are now waiting for Fed Chair Jerome Powell’s testimony today. Powell will be making prepared remarks later today. Following the…
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The monthly payrolls report from the US saw employers adding 224,000 jobs during June. This was higher than the estimates of 162,000 jobs. The unemployment rate ticked higher to 3.7% on an increased participation rate. The average hourly…
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The US markets are reopening after being closed on Thursday for Independence Day. Investors will be eyeing the payrolls report due later today. The US economy is forecast to add 162k jobs in June. Besides the US payrolls report, Canada…
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US equities surged higher on Monday with the S&P500 hitting new all-time highs intraday before pulling back towards the close. The G20 theme remains dominant with Washington and Beijing calling for a temporary truce to the trade wars.…
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The currency markets open to the new trading month of July. The major themes driving the currencies this morning include the weekend G20 summit. Investors were waiting for a major breakthrough in the US-China trade talks. However, both…
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The markets look to a new trading month with a major lineup of economic releases due over the course of the week. The Reserve Bank of Australia will kick off the monetary policy side. Speculation is rife that the RBA could cut rates by…
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The markets remained rather subdued on Thursday in the run-up to this weekend’s G20 summit. As Trump and Xi meet on the sidelines of the G20 summit, reports indicated that China is to submit its set of terms to be met before further…
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