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Tag: WTI

Higher than expected inflation
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Higher than Expected Inflation: Gold Steady, Oil Falls

Yesterday, the US Labor Department released Consumer Price Index (CPI) data that reflected a 0.9% increase in inflation compared to the previous month. The data exceeded expectations again and returned to August 2008 figures. Also, a lot of analysts find similarities with the inflationary period of the 1970s. The inflation
blog market at a glance 9 7 21
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Markets at a Glance: Bitcoin, Oil, and Other Assets

Today marks the end of a trading week in the stock markets. The S&P 500 and the Nasdaq fell from record highs set a few days ago. The dollar rose slightly, and the 10-year US Treasuries were down around 1.32% after their worst declines since June 2021. 30-year US Treasuries
Oil Price a Barrel
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Oil Prices Could Reach $80 a barrel in The Second Half of The Year

Last Friday, NFP data rose more than expected. The forecast of 700K fell short of the published figure of 850K. After better than expected data, the S&P 500 rose 0.8% on Friday for the seventh consecutive day. The Nasdaq, US Treasuries, and oil also did well. The dollar declined. The
blog china backslides while 1 7 21
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China Backslides while Taiwan Starts Talks with the US

The first half of 2021 closes with a proper vaccination campaign in developed nations, and the gradual lifting of global lockdowns. This has reflected good results for the dollar, 10-year US Treasuries, gold, oil, and the S&P 500, the big winner of the half-year. The close of the first six
blog china starts cutting 25 6 21
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China Starts Cutting Fiscal Stimulus as the Fed Mulls Over it

Yesterday, the People’s Bank of China (PBOC) raised the short-term cash rate for the first time since March. The gesture marks a shift in the economic approach to the post-COVID19 recovery. While the Federal Reserve (Fed) continues to debate how and when to reduce fiscal stimulus in the US, the
blog ny fed forecasts 15 6 21
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NY Fed Forecasts Higher Inflation & WTI Hits $71.08

Yesterday, amid rumors of creeping inflation, the S&P 500 and Nasdaq 100 touched record highs increasing by 0.2% and 0.9% respectively. Crude oil continues to hover around $70 a barrel, with West Texas Intermediate (WTI) at $71.08 a barrel, at the time of writing. Gold fell 0.1% and Treasury yields
blog market watch bitcoin 25 5 21

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Market Watch: Bitcoin, Indices, WTI Close Higher, Metals Decline

Yesterday, a new trading week started with cryptocurrencies exploring the upside and Bitcoin closing at almost $39,000, after the weekend’s intense volatility. The rise seems to be attributed to a tweet from Elon Musk stating that North American bitcoin miners had made a commitment to revealing data showing their use