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WTI crude oil looks set to break $80: Asian Open – March 14, 2024
We have a quiet calendar for APAC traders today, although any developments on China’s curb of copper output might carry some headline risk for metals. Also keep an eye on China’s loan growth, as Beijing will want to se it come in higher to help them achieve their 5% GDP target for 2024. The main event is hands down the trifecta of US producer prices, retail sales and jobless claims. With traders will betting on Fed cuts, they will want to see all three show signs of weakness, yet the contrarian with in suspects producer prices could follow CPI higher and, and with retail sales expected to rise 0.8% (which is ... (full story)