Mehitabel

Albania 19

The dovish pull A record week on Wall Street ended not with fireworks but with calm. The Nasdaq hit another record, the S&P chalked up its fifth win in six weeks, and even the Dow, which had been knocked back on Friday by sour consumer sentiment, managed to finish the week higher. The real narra

The International Energy Agency expects a massive supply surplus on the global oil market of 3.33 million barrels per day on average in the coming year, based on its forecasts, Commerzbank's commodity analyst Carsten Fritsch notes. Oil prices fall by almost 2% on Thursday "That would be another 360,

Key inflation reports this week are expected to show that prices accelerated again in August, though not in a manner that would keep the Federal Reserve from reducing its benchmark interest rate at a meeting next week. The Bureau of Labor Statistics is scheduled to release the producer price index f

USD/CAD edges higher during the Asian session on Tuesday, though the upside seems limited.BoC rate cut bets continue to undermine the CAD and offer some support to the currency pair.More dovish Fed expectations weigh on the USD and cap spot prices amid an uptick in Oil prices. The USD/CAD pair attra

LII stock enters a wave IV corrective phase, offering potential buying opportunities before a strong bullish wave V rally resumes. Lennox International (LII) has been in a strong uptrend for many years, following a clear Elliott Wave impulsive structure. The stock recently completed wave III on the

According to the Federal Reserve (Fed) Bank of New York, consumer inflation expectations ticked higher once again, and ongoing employment expectations also decayed. All surveyed metrics remain reasonably within near-term averages, but a building sense of dread continues to weigh on consumers at the

The relentless rise in long term gilt yields took a breather last week, aided by the attractive levels at which UK sovereign bonds can now be bought and the soft US labour market report, which has reignited fears of a global slowdown and subsequent central bank cuts. The chaotic reshuffling of Keir

China released its preliminary trade data for metals this morning, showing strong domestic demand for industrial metals. Imports of unwrought Copper rose 1.2% YoY to 425.1kt in August. However, cumulative Copper imports are still down 2.2% YoY to 3.5mt in the first eight months of the year. Uncertai

US President Donald Trump said on Sunday that European leaders would visit the United States (US) on Monday or Tuesday to discuss how to resolve the Russia-Ukraine war, Reuters reported. Trump added that he was "not happy" about the status of the Russia-Ukraine war, after reporters asked about a mas

Silver climbed above $40 for the first time since 2011, while Gold is nearing April’s record high of $3,500, ING's commodity experts Ewa Manthey and Warren Patterson note. Silver continues to outperform Gold "The rallies are underpinned by growing expectations that the US Federal Reserve is poised t