Russia Producer Price Index (YoY) dipped from previous 5.6% to 2.7% in October
Russia Producer Price Index (YoY) dipped from previous 5.6% to 2.7% in October
Wed, 20 Nov 2024 11:00:34 -0500
Weekly crude oil inventory data shows build of 0.545M vs 0.138M estimate
The weekly EIA inventory data shows: Crude oil inventories 0.545Mvs build 0.138M estimate. Prior week +2.089 million Gasoline inventories 2.054M vs build 0.859M estimate.
Wed, 20 Nov 2024 10:31:57 -0500
Weekly oil inventory data from the EIA is due soon. The private survey showed a huge build
Coming up at 1030 US Eastern time (1530 GMT) is the data from the U.S. Energy Information Administration (EIA). The EIA publishes the Weekly Petroleum Status Report (WPSR) every Wednesday, providing a comprehensive overview of the nation's petroleum supply and demand.
Wed, 20 Nov 2024 10:12:00 -0500
Crude Oil – 20.11.2024
Crude Oil held above the support of 66.15 and managed to hit a rebound movement toward 69.25. As we see on the chart and as long as the market holds above 66.15, a chance for more advancement toward 70.35 and 71.35 will be expected.
Wed, 20 Nov 2024 09:00:58 -0500
US Dollar Technical Forecast: USD Trump Rally Breaks Yearly Range
US Dollar surged 6.9% off the yearly low with the Trump rally fueling a breakout of the 2023 consolidation pattern. Battle lines drawn on the weekly technical chart.
Wed, 20 Nov 2024 08:51:00 -0500
Crude Oil ticks up as geopolitical tensions trigger supply concerns
Crude Oil prices are ripping higher for a third day in a row on Wednesday, getting close to the $70 round level, as geopolitical tensions – namely the escalation in the war between Russia and Ukraine – take over market sentiment to the detriment of stockpile data.
Wed, 20 Nov 2024 08:19:56 -0500
Sterling Gains Slightly as UK Inflation Accelerates; Euro Struggles Despite Wage Surge
Sterling posted modest gains today after the UK reported stronger-than-expected rebound in headline inflation for October. More importantly, both core CPI and services price growth also increased, indicating that underlying inflation is gaining momentum.
Wed, 20 Nov 2024 08:16:16 -0500
USD firmer, poised to resume gains – Scotiabank
Steadier sentiment across risk assets prevails this morning, allowing gains in global stocks and a broader rebound in the US Dollar (USD) after a few days of mild losses, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Wed, 20 Nov 2024 08:00:00 -0500
Natural Gas News: Colder Weather Fuels Surge Above $3.048 – Is $3.337 Next?
Colder weather drives U.S. natural gas futures above $3.048, with bullish targets at $3.337. Rising demand and inventory trends impact market outlook.
Wed, 20 Nov 2024 07:59:57 -0500
Pound Falls Despite Acceleration in Inflation
UK inflation beat expectations and accelerated markedly, but this only temporarily boosted the Pound. GBPUSD came under further selling when it broke above 1.2700.
Wed, 20 Nov 2024 07:08:12 -0500
US Dollar ticks up as markets brace for Nvidia earnings
The US Dollar (USD) recovers on Wednesday, with the DXY Index trading around 106.5, as market sentiment turns risk-on ahead of the Nvidia earnings release after the US closing bell. Overnight in the US session, markets reversed the initial concerns about the escalated situation between Russia and Ukraine after Russian President Vladimir Putin said he is open to a peace deal brokered by President-elect Donald Trump.
Wed, 20 Nov 2024 07:05:53 -0500
US MBA mortgage applications w.e. 15 November +1.7% vs +0.5% prior
Prior +0.5% Market index vs 192.4 prior Purchase index vs 133.3 prior Refinance index vs 506.0 prior 30-year mortgage rate % vs 6.86% prior This article was written by Justin Low at www.forexlive.com.
Wed, 20 Nov 2024 07:00:04 -0500
United States MBA Mortgage Applications climbed from previous 0.5% to 1.7% in November 15
United States MBA Mortgage Applications climbed from previous 0.5% to 1.7% in November 15
Wed, 20 Nov 2024 07:00:01 -0500
Swiss industry gloomy over prospects as sales and exports slip
Swiss industry is struggling with falling orders and sales as weaker European demand and a strong franc hit exporters, with two surveys showing companies gloomy about their prospects.
Wed, 20 Nov 2024 06:44:23 -0500
Pound Sterling Price News and Forecast: Hot UK inflation challenges BoE dovish outlook
The Pound Sterling (GBP) gains sharply against the majority of its peers on Wednesday as data from the United Kingdom (UK) Office for National Statistics (ONS) showed inflation accelerated more than expected in October. The Consumer Price Index (CPI) report showed that the annual headline inflation quickened to 2.3% YoY, higher than estimates of 2.2% and the September reading of 1.7%.
Wed, 20 Nov 2024 06:28:08 -0500
Sterling and Gilts Pressed Lower by Firmer CPI
Overview: US dollar and rates are firmer today. All the G10 currencies are lower, led by the Japanese yen.
Wed, 20 Nov 2024 06:10:00 -0500
South Africa Retail Sales (YoY) dipped from previous 3.2% to 0.9% in September
South Africa Retail Sales (YoY) dipped from previous 3.2% to 0.9% in September
Wed, 20 Nov 2024 06:00:37 -0500
Oil News: Will Crude Break $70.72 as Geopolitical Risks Intensify?
Oil prices rise on geopolitical risks and technical support. Traders eye $70.72 resistance for signs of a potential breakout toward $73.07.
Wed, 20 Nov 2024 05:58:15 -0500
Mexican Peso trades mixed as markets absorb heightened geopolitical risk
The Mexican Peso (MXN) whipsaws between tepid gains and losses in its key pairs – USD/MXN, EUR/MXN and GBP/MXN – during the European session on Wednesday. A sudden ramping up of geopolitical uncertainty is causing ripples in global financial markets, and idiosyncratic factors are also an ingredient to the mix.
Wed, 20 Nov 2024 05:41:31 -0500
Germany 30-y Bond Auction rose from previous 2.49% to 2.55%
Germany 30-y Bond Auction rose from previous 2.49% to 2.55%
Wed, 20 Nov 2024 05:38:05 -0500