WEEKEND PREP 11 JUNE
Not much data last week all eyes on CPI and FOMC next week. Crude Oil Crude oil fails to hold the rally after the OPEC meeting and additional cut announcement from Saudi Arabia in July of 1M barrels per day. Let’s look at some data via Oilytics: Chinese crude imports surged above 12MMBD to reach […]
IN THE OVERNIGHT 9 JUNE
Mixed Markets TOP 5 STORIES OVERNIGHT China’s inflation remained close to zero in May, sparking concerns on a falling spiral in prices and prompting the central bank to come out to downplay worries on the economic outlook. Takeaway: China is going to have to start easing to spark this economy….will be good news for commodities […]
IN THE OVERNIGHT 8 JUNE
Eurozone is officially in a technical recession!!! Jobless claims today 8:30 AM ET MARKETS OVERNIGHT TOP 5 STORIES US DATA TOP 5 STORIES Eurozone falls into recession Newsflash: the eurozone has fallen into recession, new data shows, as its economy contracted over the winter. GDP across the euro area shrank by 0.1% in the first […]
IN THE OVERNIGHT 7 JUNE
Markets Top 5 stories US data ASIA After reaching a 33 year high yesterday, Japan is DOWN -2.44% !! TOP 5 STORIES OVERNIGHT Japan’s Nikkei share average fell in its biggest decline in 12 weeks on Wednesday as investors turned cautious about a rally, while there were sell-offs ahead of the fixing of special quotation […]
IN THE OVERNIGHT 6 JUNE
Mixed markets in Asia…Europe Red Japan hits a 33 year high!!!!!! (looks like Buffett was right again) Overnight Data/News China will likely further cut banks’ reserve ratio and interest rates in the second half of this year to support the economy, the China Securities Journal reported on Tuesday, citing policy advisors and economists. China needs […]
WEEKEND PREP 4 JUNE
OPEC MEETING WAS THIS WEEKEND! Let us get into the long and short of it. Most of this meeting was focused on 2024. That said let’s breakdown it into the simplest terms: Saudi agreed to another 1M cut in July, this is on top of the 500k bpd cut announced in April. Saudi’s Prince Abdulaziz […]
IN THE OVERNIGHT 2 JUNE
HAPPY NON-FARM PAYROLL DAY! SEA OF GREEEEEN China weighs a slew of support packages for the property market and economy Yuan strengthens against the dollar. Hang Seng RIPS Overnight News/Data Non-Farm payrolls today. Take A Look At What The Top Economists Are Forecasting In Today’s US Jobs Report Economists See More Chance of Near-Term BOJ […]
IN THE OVERNIGHT 1 JUNE
Mixed Markets PBOC on a mission to devalue the Yuan Debt ceiling passes House and goes to Senate Overnight Data/News US DATA TODAY
IN THE OVERNIGHT 31 MAY
Poor manufacturing data out of Asia, particularly China today pressuring commodities and market sentiment…. Sea of RED Overnight Data/News US DATA TODAY
IN THE OVERNIGHT 30 MAY
U.S. debt ceiling deal to face its first test in Congress. The House of Representatives Rules Committee is due to consider the 99-page bill at 3 p.m. TODAY…if passes, it goes to Congress tomorrow. Sea of GREEN …Quiet night Overnight Data/News US DATA TODAY