Global crude oil prices increased significantly on Monday. This marks the highest price levels seen in almost 5 months, since August 13. The rise follows continued gains from the previous trading session. The increase comes after new sanctions from the US and UK.
WEEKLY MARKET HIGHLIGHTS: JOBS DATA, INFLATION, AND GEOPOLITICAL RISKS Strong U.S. Non-Farm Payrolls (NFP) report: 256,000 jobs added in December, exceeding expectations. Focus shifts to Wednesday’s U.S. Consumer Price Index (CPI), with inflation expected to rise slightly to 2.8%. Markets anticipate a 25-basis-point rate cut
US INFLATION, UK BOND ROUT, AND TRUMP’S IMPACT Investors concerned about inflation rise after strong US employment data. UK’s bond market under pressure ahead of the inflation report. Donald Trump's comments could stir market volatility before his inauguration. UK bond sell-off raises concerns about higher US
Bank of America now believes there will be no interest rate cuts by the US Federal Reserve in 2025. The bank says there is a higher chance of the Fed raising interest rates instead of lowering them. This shows a more cautious or "hawkish" approach towards US monetary
USDCHF EXTENDS GAINS, TESTING HIGHEST LEVEL SINCE MAY USDCHF is pushing toward Friday's high, testing buyer control. Friday’s high was 0.91877, with today's price just below that level. Support levels: 100 and 200-hour moving averages at 0.9125 and 0.90993. A move below
OIL PRICES RISE AS U.S. SANCTIONS THREATEN RUSSIAN SUPPLY Oil prices rose for the third consecutive session. Brent crude surpassed $81 per barrel, a 4-month high. Expectations of U.S. sanctions affecting Russian oil exports. Impact on Russian crude sales to major buyers China and India.
US NONFARM PAYROLLS FORECAST: DECEMBER JOBS GROWTH TO SLOW U.S. Nonfarm Payrolls expected to rise by 160K in December, down from November’s 227K jump. The U.S. Bureau of Labor Statistics will release the data on Friday at 13:30 GMT. December jobs data is crucial for determining
XAU/USD HOVERS AROUND $2,670, EYES RECORD HIGHS XAU/USD remains steady at $2,670.71, continuing to post higher highs daily. Market participants are turning their attention to the upcoming US Nonfarm Payrolls report. Financial markets stay cautious, with gold benefiting from stronger demand for safe-haven assets. Spot
OIL PRICES SET FOR THIRD STRAIGHT WEEKLY GAIN DUE TO WINTER FUEL DEMAND Oil prices increased in early Asian trading, heading towards a third consecutive weekly gain. Icy conditions in the U.S. and Europe have driven up fuel demand for heating. Oil is on track to post its third
Most Expensive Disaster: Fires in Los Angeles may become the most expensive natural disaster in U.S. history, potentially the costliest fires ever. Economic Losses: Estimated losses range from $52 billion to $57 billion, including property damage and other economic impacts. High-Value Properties: Fires destroyed expensive homes in areas like
STOCK FUTURES SLIDE AHEAD OF FRIDAY’S JOBS REPORT U.S. stock futures dropped as investors awaited new economic data. The S&P 500 futures shed about 0.28%. Nasdaq 100 futures decreased by 0.32%. Futures tied to the Dow Jones Industrial Average fell by 79 points, or
Susan Collins, a member of the US Federal Reserve, spoke about monetary policy at a conference. She warned that inflation in 2025 might be higher than expected. Current Fed expectations match those made in December 2024. She emphasized the need to adjust plans based on inflation changes.