crude oil forecast and outlook
Last week continued the high volatility following the recent FOMC policy meeting and US’s GDP fourth quarter release. This week is also entails important financial reports from the US most notably the non-farm payroll, manufacturing PMI, PCE, and factory orders…
In a recent article I wrote that the fall in oil prices have already started to impact US oil companies, which have started to reduce their capex and shut down rigs. I would also like to make two more points…
The highly anticipated Greek elections will be held on Sunday and could set the pace for this week in the markets. In the U.S. several economic reports will be released including: first estimate of GDP for Q4, FOMC meeting statement,…
ECB QE is here and it’s big: we run down the event and the impact before circling back to the big hint we received for this one week before from the SNB, focusing on the impact on brokers. The moves are of course…
The big news from SNB eclipsed all other news items from last week as the Swiss franc sharply rose against leading currencies including the Euro and U.S. dollar. This news may have also provided additional backwind for commodities such as…
Our weekly podcast came just in time after the shocking removal of the EUR/CHF floor. We begin with this and move on the very correlated upcoming event: the upcoming ECB meeting in which QE is on the cards. We then…
The ongoing weakness in oil market has also dragged down the price of United States Oil Fund (USO), which has fallen by 10% since the beginning of year. Is Saudi Arabia capable of further driving down the price of oil?…
The last NFP payroll report didn’t cause too many waves in the markets as it showed a 252K gain in jobs in December – inline with market expectations. Moreover, the recent minutes of the FOMC meeting also didn’t stir up…
The last week of the year is likely to be another slow paced one in the financial markets. In the U.S. there are a few reports that will be released including: manufacturing PMI, pending home sales, consumer confidence, and unemployment…
The current low oil prices have raised the interest of some investors to go long on oil in the hopes that prices will eventually recover to their levels recorded in the past couple of years. For those who consider taking…