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Crude oil price forecast: WTI spills into trend support
Crude oil prices plummeted more than 22% off the January highs with WTI now testing multi-month downtrend support. The levels that matter on the WTI weekly chart.
Crude plummets - will OPEC come to rescue?
We might see an oversold bounce in prices soon but until something changes fundamentally, the path of least resistance would remain to the downside
EUR/NOK running higher as ECB members remain hawkish
Despite the NorgesBank saying that it will hike rates 25bps at in March, the ECB has pre-committed to increasing rates by 50bps and says that there is more to come.
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OPEC+ preview: Will OPEC+ cut production again?
According to recent “sources”, OPEC+ is likely to leave production unchanged when it meets virtually on December 4th.
Crude oil takes another plunge
This time on report that the OPEC+ to discuss production hike by 500K bpd
WTI falls as demand concerns intensify
Oil investors' focus is turning back to the demand side of things and in particular China...
Crude oil: WTI reversing yesterday’s surge, OPEC+ on tap next week
With most producers already operating at or above capacity and growing signs that the global economy may be slowing, some reduction of supply is looking increasingly likely in the coming months...
Growth concerns return to the forefront
Crude leads commodities slump on weak Chinese data and US Empire Manufacturing Index plunges into negative
Crude oil drops again with WTI below $90
US crude oil prices could be heading towards low- to mid-$80s.
US open: Stocks rise as corporate earnings heat up
US stocks open higher ahead of a busy week for earnings and as aggressive Fed bets ease.
Crude oil off lows after slump
The focus for oil and other investors will turn to the latest Chinese and US data...
Recession Trade Keeps Risk Assets Under Pressure
Fears over a recession continues to drive financial markets, with commodities feeling the heat
What’s driving the global markets right now?
Everything you need to know about the current economic and monetary policy environment, and what it all means for financial markets
OPEC preview: Will OPEC+ increase output in August?
When OPEC+ meets later this week, it is unlikely to increase output more than the expected 648,000 bpd.
USD/MXN looking to push to pre-pandemic lows
Both a hawkish Bank of Mexico and the rise in Crude Oil prices have been pushing USD/MXN lower.
The latest set of #PMI data for Australia shows a broad slowdown for the economy, and hardly inspires another 25bp hike from the #RBA in April. https://t.co/Orx1NrRTTi
OPEC + hikes output more than expected
The rumors are still making the rounds that OPEC+ may suspend Russia and that Saudi Arabia may increase production as price continues to soar.
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Canadian inflation remains excessively high. What does it mean for USD/CAD?
The Canadian CPI print confirmed what the markets had already expected: that inflation continues to rise and will force the BOC to raise rates further.
6 reasons Crude Oil is lighting it up; USD/HUF along for the ride
There is a strong positive correlation between the direction of WTI Crude Oil and USD/HUF
Oil back above $100 as Russia/Ukraine tensions heat up
Rumors of a large convoy of military trucks and armored vehicles heading toward the capital of Kyiv are driving oil prices higher.
Is WTI Crude Oil on its way to $109?
If price does pullback, it doesn’t mean it can’t go higher later, possibly even towards the double bottom target near $109.
Oil dips below $90 as Russia turns down the heat. What’s next?
If Russian/Ukraine tensions escalate, or if OPEC+ can’t keep up with their quotas, price may increase once again.
2 ways to use correlations to help trade
Traders should look for readings below -0.80 or above +0.80 for the correlation coefficient to be considered significant