Oil

Crude Oil Forecast: Beyond the positive oil outlook of the summer season, GDP figures and clean energy transitions are weighing on oil prices.

Crude Oil Forecast: Oil is dropping further into its consolidation, following the steep drops of the commodities market

U.S. stocks point to a mixed open at the end of a choppy week for the markets. The sell-off in tech stocks and mega-cap growth stocks appears to have steadied after a week, which has seen investors rotate away from the sector. Netflix is set to open higher after beating Q2 earnings and revenue forecasts and impressive subscriber numbers. Q3 guidance disappointed.

U.S. stocks are pointing to a broadly positive start following upbeat forecasts from Taiwan Semiconductor Manufacturing, which helped lift chip stocks and mega caps following a sharp sell-off yesterday. Rotation out of tech, concerns over curbs on chips to China, and jitters ahead of earnings hit tech on Wednesday. Today, US jobless claims were higher than forecast, pointing to some softness in the jobs market. Netflix reports after the close.

Crude Oil Forecast: Following bearish sentiment driven by weaker-than-expected Chinese economic growth, a drop in the US Dollar, the Houthi attack on an oil tanker in the Red Sea, and a decline in crude inventories, oil prices have rebounded above the $82 mark.

A combination of factors drew WTI crude oil bulls from the side line on Wednesday, which brings $85 back into focus. Gold didn’t have such luck despite hitting a record high the day prior.

U.S. stocks point to a modestly stronger start as investors digest hotter-than-expected producer price inflation and the start of earnings season. JP Morgan & Citigroup impressed, while Wells Fargo Group posted disappointing net interest income. PPI was hotter than expected, serving as a reminder of how fragile the inflation outlook is.

U.S. stocks are pointing to a higher start after US inflation data showed consumer prices cooled further in June, easing to 3% YoY from 3.3%. Core inflation also eased by more than expected to 3.3%. The market has ramped up rate cut expectations and is pricing in an 87% chance of a September rate cut. The Nasdaq100 and S&P500 rose to record highs.

EUR/USD struggles with French elections and US data in focus. Oil steadies ahead of API stockpile data.

U.S. stocks point to a mixed open, with the S&P 500 and the Dow edging higher, while the NASDAQ points to a weaker start ahead of key inflation data on Friday. The market is pricing in two rare cuts this year while the Fed projects one. Nvidia is set to open lower, extending its selloff from Friday. The stock briefly overtook Microsoft as the world's most valuable company. The US economic calendar is quiet today.

U.S. stocks are heading for a quiet open as Nvidia loses ground, and investors look cautiously ahead to PMI data. Nvidia is falling after reaching another ATH this week, pushing the S&P500 and Nasdaq to ATHs. US economic data has shown signs of softening, and the PMI data today is expected to continue this theme.

U.S. stocks are set for a stronger open as traders return from the Juneteenth public holiday, digest softer-than-expected US jobless claims, and Nvidia extends its impressive rally. Jobless claims were virtually unchanged from last week's 9-month high, which combined with weaker retail sales earlier in the week, point to a softening in the economy, which could see the Fed cut rates sooner.

GBP/USD rises as inflation finally reaches the BoE's 2% target.Oil steadies amid geopolitical concerns and a build in crude stockpiles.

US stocks are set for a quiet start after US retail sales were weaker than expected and with Federal Reserve speakers in focus. Retail sales show that consumption is moderating as inflation and interest rates remain high and unemployment rises. Looking ahead, Fed speakers are in focus after recent officials have supported the view that one rate cut this year is appropriate.

U.S. stocks are heading for a muted start as the dust settles on last week's inflation data and Federal Reserve interest rate decision. There is no high-impacting data today, so attention will be on tomorrow's retail sales data and Fed speakers for more clues about when the Fed could start cutting rates. Last week, the Fed pointed to one rate cut this year. However, the market is still pricing in two rate cuts.

EUR/USD steadies with political uncertainty still at the forefront, Oil falls after weak US consumer sentiment & China data.

Bears were busy last week as they piled into shorts against EUR/USD and the Dow Jones, and also reached a record level of net-short exposure to the Canadian dollar. And this was beneficial for USD bulls.