OPEC is set to hold its Joint OPEC/non-OPEC Ministerial Monitoring Committee (JMMC) meeting today to review current market conditions. No recommendations for broader policy changes are anticipated. Under the existing agreement, voluntary production cuts will continue through the end of the first quarter, while collective cuts are scheduled…
Read MoreTariffs, read from the bottom up for the chronology JP Morgan on Trump tariffs – reinforce their bullish view on gold Persistent Trump tariffs mean a minus 5% hit to Canada’s economy, Mexico -8%, US -1% AUD/USD dipped under 0.61 Ethereum implodes Bank of Canada will implement six…
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Read MoreComing up on Monday 03 February 2025: 1730 GMT / 1230 US Eastern time Federal Reserve Bank of Atlanta President Raphael Bostic 2330 GMT / 1830 Federal Reserve Bank of St. Louis President Alberto Musalem Musalem is speaking late, coverage of that one will be during Asia time…
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Read MoreAnalysts at US-based investment bank Piper Sandler with the estimated negative hits to economies over a year of Trump’s tariffs: Canada economic growth (GDP) sees a minus 5% hit Mexico’s GDP a minus 8% US economy a minus 1% Senior Republican Senator Mitch McConnell spoke with US TV…
Read MoreJP Morgan on the Trump tariff trade war: reinforces their bullish view on gold maintain their near-term bearish on base metals LME base metals prices are likely to face solid near-term bearish pressure on growth concerns macro risk-off USD strength Gold 5 minute candles: This article was written…
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Read MoreIt’s turning into some kind of ‘Black Sunday’ in the ethereum market. Bitcoin is having a rough one as it’s down to $93K but ethereum is absolutely puking, falling 25% in minutes and down by a third from Friday level. So far the September lows are holding. Is…
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