TAG: WTI Crude
SPX 500: Fed dovish pivot narrative is at risk
Higher oil prices have led to higher inflationary expectations in the US via the breakeven rates. Recent rise in inflationary expectations coupled with recent “less dovish” Fed Speak from Fed officials Kashkari, and Bostic has revived the “higher for lon...
6 months ago
Market Insights Podcast – Higher for longer interest rates back in vogue, US CPI, ECB and Q1 US banks earnings on the radar
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, a quick recap on what happened last week week where the initial Fed dovish pivot narrative has been watered down due to a hawkish Fed Sp...
6 months ago
Oil Price Reversal Ahead? Chart Patterns Indicate Possible Bounce at Support
Oil prices have faced challenges recently, but buying pressure prevented a drop below $80. Technical indicators suggest potential for an upward bounce, with key resistance levels to watch. Fundamental factors like Canadian wildfires, US stockpiles, and r...
2 months ago
WTI Oil: At the risk of a further drop to retest major range support of US$73.15-71.35/barrel
Citigroup Economic Surprise Indices across the different regions (except for Latin America) on average are suggesting lackluster economic growth. US crude oil inventories (excluding SPR) are showing signs of a build-up. Technical factors are suggesting f...
2 months ago