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USD/CAD, USD/JPY, Gold, Oil, S&P 500, Nasdaq, Dow Technical Outlook
Sr. Technical Strategist Michael Boutros highlights the targets & invalidation levels that matter on the technical charts into the weekly open.
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- From naturalgasworld.com|Nov 20, 2023
Saudi Arabia's national oil company, Saudi Aramco, has made two new natural gas discoveries in the Empty Quarter, a largely unexplored region in the southeastern part of the ...
- From money.usnews.com|Nov 20, 2023
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known as OPEC+ and will meet in Vienna, Austria, on Nov. 26 to discuss their ...
- From libertystreeteconomics.newyorkfed.org|Nov 20, 2023
The impacts of hurricanes analyzed in the previous post in this series may be far-reaching in the Second District. In a new Staff Report, we study how banks in Puerto Rico fared ...
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- From bankofengland.co.uk|Nov 20, 2023|4 comments
Many thanks for the introduction, Terry. It is a pleasure to be here this evening. Let me also add my thanks to you, Minette. You have been a strong and clear voice for British farming throughout your term as President of the National Farmers’ Union. What a time it has been. Costs have been rising sharply. Trading arrangements and farm support have been changing. Summer droughts have been followed by winter floods. It is no small job to confront all of those challenges. I would like to spend my time this evening talking about food price inflation. To set the scene, I will start by showing a chart with the evolution of overall consumer price inflation over the past five years. Chart 1 shows how inflation (the white line) fell below the Bank’s 2% target in the first year of the pandemic before it started to rise above the target in the second half of 2021, reaching a peak of 11.1% in October 2022. It shows how inflation has since come down significantly again, to 4.6% in the latest data for October published last week. In the shaded area, it shows how we expect it to remain around this level for the remainder of the year. In our forecast, it then continues to fall back towards the 2% target over next year. Last week’s data release was good news. It means that we are on track to bring inflatio tweet:
BOE GOV. BAILEY: IT IS FAR TOO EARLY TO BE THINKING ABOUT RATE CUTS. tweet: <GBP=>:
*BOE'S BAILEY: INFLATION RISK FROM FOOD PRICE INFLATION AHEAD
*BOE'S BAILEY: MIDEAST EVENTS ADD TO UPSIDE ENERGY PRICE RISKS
? *BOE'S BAILEY: CONCERNED ABOUT SECOND ROUND EFFECTS ON FOOD tweet: BoE’s Bailey: The Labour Market, Despite Softening Recently, Remains Tight And Wage Inflation Remains Elevated tweet:
BOE GOV. BAILEY: THE MONETARY POLICY COMMITTEE’S LATEST PROJECTIONS INDICATE THAT MONETARY POLICY IS LIKELY TO NEED TO BE RESTRICTIVE FOR QUITE SOME TIME YET.
- From oilprice.com|Nov 20, 2023
The Iran-aligned Houthi rebels of Yemen have seized a cargo ship linked to an Israeli company in the Red Sea in the latest flare-up in the Middle East that could roil the oil ...
- From rigzone.com|Nov 20, 2023
North America went back to losing rigs week on week, Baker Hughes revealed in its latest rotary rig count, which was released on November 17. Although the U.S. added two rigs week ...
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- Posted: Nov 20, 2023 1:31pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,731