Trade of the Day – OIL.WTI (02.05.2024)
Facts: Strong US oil inventory build from last week data leads to largest price correction in months Driving season typically starts in May....
Facts: Strong US oil inventory build from last week data leads to largest price correction in months Driving season typically starts in May....
US jobless claims came in 207k vs 211k exp. and 208k previously (continued claims 1,774 mln vs 1,79 mln exp. and 1,781 mln previously) US productivity...
US Challenger Layoffs came in 64.789k vs 90.309k previoulsy
Final April PMI from eurozone Germany. 42,5 Previously: 42.2 Eurozone. 45,7 Previously: 45.6 France 45.3 Previously: 44,9 Italy. 47.3 Previously:...
The USDJPY pair instantly recovered a good part of the losses today after the probable intervention of the Bank of Japan and is now gaining more than 1%,...
Higher stock market opening in Europe EURUSD back above 1.07 after Powell's comments yesterday Manufacturing PMIs of European economies, US...
Bond markets gained after Powell's speech yesterday, which was seen as rather dovish, looking at the piling up problems in US inflation readings Although...
Fed holds rates steady as expected, but starts QT tapering from June 1st. Treasury bond reduction will be $25 billion, not $60 billion as previously....
US500 and US100 are paring back yesterday's losses, EURUSD is bouncing back, and gold is trading near yesterday's open, following Powell's...
The economy has made considerable progress toward dual goals. Inflation has eased substantially but remains too high Inflation is still too high and...
Market reaction to the Fed's decision has been muted. The dollar initially ticked lower, while stock indices gained when the Fed announced it would...
Key rate kept unchanged at 5.5% in line with expectations. Fed announced QT tapering. Fed decided to cut treasury runoff cap to $25B (previously...
WTI oil is losing nearly 3% today, testing around $79 per barrel, following the release of a DOE report showing a 7.26 million bbl inventory build, against...
Crude oil inventories: +7.265 mb (expected: -2.3 mb; previously: -6.368 mb) Gasoline inventories: +0.344 mb (expected: -1.02 mb; previously: -0.634...
ISM Manufacturing for April: 49.2 (expected: 50; previously: 50.3) Prices paid: 60.9 (expected: 55.4; previously: 55.8) New orders: 49.1 (expected:...
U.S. index futures trade roughly flat ahead of Fed decision; tech sector sentiment is weak today; US100 loses 0.17% Super Micro Computer's (SMCI.US)...
S&P PMI Manufacturing from US came in 50 vs 49.9 exp. and 49.9 previously Now Wall Street is waiting for more important reading of ISM Manufacturing...
Pfizer reported better-than-expected Q1 2024 results, demonstrating resilience to the decline in COVID-19 vaccine and drug sales. The company raised its...
US April ADP data came in 192k vs 180k exp. and 184k in previously reading US April service-providing jobs were up to 145,000, goods-producing jobs...
The Fed will publish its decision at 7 PM GMT today, chair Powell's press conference will be held at 7:30 PM GMT p.m. No new macroeconomic...