Reuters survey: OPEC's monthly oil output increased by 90,000 bpd from January to 26.42 million bpd, as Libya's output recovered after a production disruption
Israeli airstrikes on residential areas in southern Gaza kill 16 people] March 3: According to Palestinian television reports on March 3, the Israeli military carried out airstrikes on a residential area in Rafah, a city in the southern Gaza Strip
US Central Command: Houthi armed forces attack on ship causes “environmental disaster”] On February 24, US Central Command announced that a missile attack by Houthi armed forces fired on a ship carrying fertilizer
CFTC Positions: Speculators increased their net long positions in gold and crude oil during the week 02:20 and decreased their net short positions in US debt
[UK 10-year bond yields hit 3-month high and then eased, with a cumulative increase of more than 30 basis points in February] In late European trading on Thursday (May 29 2)
The "Freedom Caucus" of the US House of Representatives is officially pushing for a one-year expiration of the spending bill, which if supported by House Speaker Johnson, could cause a government shutdown.
Overnight index swaps show that the probability of the Bank of Japan raising interest rates by 10 basis points this month is about 50%, compared with 80% in April.
@funnystory1
Chairman Powell emphasized that the Fed is not focused on the speed of hiring in the public sector. This indicates that their primary concern lies elsewhere, potentially in the private sector or overall economic growth.
@talkingtomuaw
Powell hints at possible rate cut this year while Hunter notes rise in core consumer prices in January.Keeping an eye on inflation and monetary policy changes is crucial for economic stability.
The uptrend of the US dollar index and US bond yields temporarily stalled, the Australian dollar remains heavy, pay attention to the decision of the Reserve Bank of Australia.
@hakunaohanamata
The Strategic Petroleum Inventories in the United States reached their highest levels since May 5, 2023, according to the latest EIA report for the week ending February 23.
@patton_jayden
The US Court of Appeals has ruled that Trump must pay full $454 million fine in civil fraud case. This decision holds Trump accountable for his actions and sends a strong message against fraud and unethical behavior by public figures.
@mhudick
The Bank of Canada's hint of not cutting interest rates in June is unexpected. The Canadian Imperial Bank of Commerce is confident that a rate cut will still take place in June.
@destindreamz
Global demand weakening and US inventories rising have caused crude oil prices to drop over 2%, falling below the 200-day moving average. Traders should be cautious in this volatile market.
@nhdjmvg
President Zelensky's statement about confiscating Russian assets to rebuild Ukraine is a strong stance against Russian aggression. This action could potentially provide much-needed resources for the country's reconstruction efforts and send a clear message to Russia.
@ernieyost
The Kremlin hopes that Palestinian President Mahmoud Abbas will visit Russia soon. Abbas has received an official invitation to visit and it is seen as a positive step towards enhancing bilateral relations between the two countries.
@UNiqUELiLBAE
European stock indexes had a varied performance, with Germany's DAX30 slightly down, Britain's FTSE 100 slightly up, and Europe's Stoxx 50 down by 0.4%.
@flyfish411
I am looking forward to the publication of former Federal Reserve Chairman Bernanke's review of the Bank of England's forecasts in mid-spring.
@Crush_davis_19
The analyst predicts that the silver price will fall below 21.35, marking an important level of support. Investors should be cautious as the first target is to test this position.
@DrizzyDoggy33
Fed's Bostic sees January employment as a positive sign for the labor market, indicating strength and readiness for businesses to invest and hire when appropriate.
@sexy_jade005
The PCE data release caused spot gold to rise by 5 USD to 2,036.5 USD/ounce, while the US dollar index DXY dropped 15 points to 103.85 in the short term.
@ilyks
The core PCE price index rose 0.4% from last December, with an annual gain of 2.8%. This indicates a steady increase in prices excluding food and energy components.
@duc96cr900
Fed Williams reaffirms potential for rate cuts later this year, signaling no immediate need for policy tightening. Predicts central bank will lower interest rates in the foreseeable future.
@JULIE12376
According to the association's baseline scenario, the current unrest is unlikely to escalate, with less than a 30% likelihood of a broader regional war.
@castronumber1
According to a Reuters survey, the Bank of England is expected to lower interest rates to 4.75% in the third quarter of 2024. Most respondents anticipate a rate cut in August, contrary to the previous survey which predicted a cut in the second quarter.
@Crush_davis_19
Reports indicate that a suspected shooting took place on Highway 40 near Bnei Reem in southern Israel on Friday morning, resulting in three individuals being seriously injured.
@reynado6
Looking forward to seeing Canada's November GDP rate and the US fourth-quarter labor cost index quarterly rate when they are released. Exciting economic indicators to watch.
@Lance_Gonzalez
The UK economy is projected to grow by 0.3% in 2024 and 1.1% in 2025, according to a Reuters survey. This is slightly lower than the January survey's forecast of 0.4% and 1.2% growth for the same years.
@martell454
The Red Sea is a crucial route for about 30% of the world's oil and liquefied natural gas from countries like Saudi Arabia, Iraq, Iran, UAE, Kuwait, and Qatar. This makes it a vital waterway for global energy distribution.
@KonvictLeon
US crude oil exports decreased to 4.637 million barrels per day in the week of March 1, down by 91,000 barrels per day. This highlights a downward trend in oil exports in the US.
@Kristen_Robby
Five OPEC+ sources indicated that no changes to current policy may be made during the meeting, with focus on discussing output levels. One source mentioned that there will be no recommendations in the next JMMC meeting.
@talkingtomuaw
Ukraine seeks to discuss natural gas transportation services with EU partners instead of direct dialogue with Russia. This may impact gas transportation in the region.
@nhdjmvg
New Zealand's average inflation expectations for the first quarter are at 3.22% for one year and 2.50% for two years, according to the Federal Reserve Survey. This data indicates a moderate level of projected inflation in the near future.
@Swiiper3
Israeli gunboats attacking Palestinian fishermen off Gaza coast is a violation of human rights and threatens their livelihood. International community must condemn these actions and protect the rights of Palestinians to fish in their own waters.
@theglide15
The EU should increase support for Ukraine in response to the dangerous geopolitical situation. Borrell highlights the importance of continuing to assist Ukraine in order to counter external threats. It is crucial for the West to stand by Ukraine in its confrontation with
@Crystal_NathanS
Oil prices bounced back as Saudi Arabia raised its official crude oil selling price to Asia and tensions in the Middle East intensified. WTI and Brent crude oil both closed higher, with WTI up 1.23% to $79.22/barrel and Brent up 0.04% to $83.62/barrel.
@sexy_jade005
Despite the lack of new moderate rhetoric in the latest policy statement, the bank's economist, Avery Shenfeld, mentioned that interest rates will remain unchanged.
@chipchippers11
Bank of Japan Governor Kazuo Ueda suggests tightening monetary policy by increasing interest rates on excess reserves. This could potentially help in managing inflation and stabilizing the economy.
@sexy_jade005
This article discusses Fed Chairman Powell's statement that Russia's asset freeze will not directly impact the US dollar. It highlights the Chairman's assessment of the situation and emphasizes the stability of the US currency despite global events.
@DawnJessie
Harbin Airport set a new record in February with 2.385 million passengers. This achievement showcases the airport's growing popularity and efficiency in handling air travel.