EIA crude oil inventories fall -1.630M barrels vs -0.500M estimate
Crude oil inventories -1630M vs -0.500M est Gasoline This article was written by Greg Michalowski at www.forexlive.com.
Wed, 18 Sep 2024 10:32:02 -0400
Sterling Climbs as UK Core Inflation Accelerates, Dollar Softens Ahead of FOMC Decision
Sterling strengthened across the board today after UK CPI data revealed reacceleration in core inflation. The uptick in core CPI provides additional support for hawkish members of the BoE's MPC, bolstering the case for a rate hold at tomorrow's decision.
Wed, 18 Sep 2024 10:24:04 -0400
Natural Gas Price Forecast – Natural Gas Continues to Show Strength on Wednesday
The natural gas market has shown itself to be strong in the early hours of Wednesday, as the market continue to price in the idea of the cyclical trade playing out. Furthermore, the Chinese are now demanding more natural gas as they convert massive amounts of heavy vehicles to natural
Wed, 18 Sep 2024 10:06:54 -0400
Crude Oil Price Forecast – Crude Oil Continues to Show Signs of Life
The crude oil market continues to bounce a bit on each successive drop, as the demand for oil seems to be a factor, but the fact that the market has sold off so much could also bring in the value hunters at these low levels.
Wed, 18 Sep 2024 09:59:02 -0400
GBP rebounds from mid-1.31s – Scotiabank
UK CPI data that came earlier dampened already low BoE easing expectations for the upcoming meeting, while the Pound Sterling (GPB) pushed higher on the data to retest yesterday's highs in the low 1.32s, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Wed, 18 Sep 2024 09:40:00 -0400
EUR consolidates in low 1.11 zone – Scotiabank
EUR/USD remains little changed on the day. Spot is trading flat and holding within yesterday's range in the wait of the upcoming FOMC, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Wed, 18 Sep 2024 09:10:00 -0400
Stock prices near record highs as Fed takes center stage
Yesterday, the S&P 500 index reached a new record high of 5,670.81, briefly surpassing the previous high from July 16 before reversing and closing just 0.03% higher. Today's focus is on the FOMC rate decision, with the announcement scheduled for 2:00 p.m.
Wed, 18 Sep 2024 09:00:11 -0400
Canada Foreign Portfolio Investment in Canadian Securities rose from previous $5.17B to $10.98B in July
Canada Foreign Portfolio Investment in Canadian Securities rose from previous $5.17B to $10.98B in July
Wed, 18 Sep 2024 08:30:35 -0400
United States Building Permits Change climbed from previous -4% to 4.9% in August
United States Building Permits Change climbed from previous -4% to 4.9% in August
Wed, 18 Sep 2024 08:30:10 -0400
United States Housing Starts Change climbed from previous -6.8% to 9.6% in August
United States Housing Starts Change climbed from previous -6.8% to 9.6% in August
Wed, 18 Sep 2024 08:30:05 -0400
United States Building Permits (MoM) registered at 1.475M above expectations (1.41M) in August
United States Building Permits (MoM) registered at 1.475M above expectations (1.41M) in August
Wed, 18 Sep 2024 08:30:04 -0400
Canada Canadian Portfolio Investment in Foreign Securities: $4.45B (July) vs previous $16.35B
Canada Canadian Portfolio Investment in Foreign Securities: $4.45B (July) vs previous $16.35B
Wed, 18 Sep 2024 08:30:04 -0400
United States Housing Starts (MoM) came in at 1.356M, above forecasts (1.31M) in August
United States Housing Starts (MoM) came in at 1.356M, above forecasts (1.31M) in August
Wed, 18 Sep 2024 08:30:02 -0400
Natural Gas News: Prices Hold Gains as Traders Watch Key 50-Day Moving Average
Natural gas prices hold gains as traders eye key support levels, weather forecasts, and technical indicators. Can the market sustain its momentum above $2.292?
Wed, 18 Sep 2024 08:17:56 -0400
Pound Sterling Price News and Forecast: GBP jumps as UK inflation ticks up, Fed-BoE policy in focus
The Pound Sterling (GBP) surges to near 1.3220 against the US Dollar (US) in Wednesday's London session after the release of the hot UK inflation data for August. The GBP/USD pair reclaims the immediate resistance of 1.3200, however, it is expected to face sheer volatility as the Federal Reserve's (Fed) monetary policy decision will be announced at 18:00 GMT.
Wed, 18 Sep 2024 08:06:06 -0400
Crude Oil slides below $70 ahead of vital Fed meeting
Crude Oil drops lower this Wednesday in a very calm market which is looking ahead to the US Federal Reserve (Fed) meeting later this Wednesday. Meanwhile India's government has removed the windfall tax on crude oil Bloomberg reports.
Wed, 18 Sep 2024 08:06:03 -0400
Mexico Private Spending (YoY) down to 2.7% in 2Q from previous 3.6%
Mexico Private Spending (YoY) down to 2.7% in 2Q from previous 3.6%
Wed, 18 Sep 2024 08:00:40 -0400
Mexico Private Spending (QoQ) dipped from previous 1.5% to -0.6% in 2Q
Mexico Private Spending (QoQ) dipped from previous 1.5% to -0.6% in 2Q
Wed, 18 Sep 2024 08:00:40 -0400
BoE: The upcoming decision to be a decisive pause – TDS
For BoE Bank Rate, the upcoming decision will be a decisive pause, with a 7-2 vote expected and with the key uncertainty surrounding the size of balance sheet reduction over the next year. The BoE is widely expected to stay on hold, so the Pound Sterling (GBP) will remain driven by market sentiment post-Fed.
Wed, 18 Sep 2024 07:55:05 -0400
USD retains a soft undertone – Scotiabank
The USD is trading lower. All other major currencies are posting gains, while global stocks are mixed and bonds are generally softer as markets ponder this afternoon's FOMC outcome, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Wed, 18 Sep 2024 07:28:57 -0400