Results for OPEC+
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Dollar Gains Extended, Oil Steadies at Higher Levels after Saudi's Cut, US Bill Deluge Begins Today Dollar Gains Extended, Oil Steadies at Higher Levels after Saudi's Cut, US Bill Deluge Begins Today Reviewed by Marc Chandler on June 05, 2023 Rating: 5
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OPEC+ Surprises while Manufacturing Remains Challenged

April 03, 2023
Overview: News of OPEC+ unexpected output cuts saw May WTI gap sharply higher and helped lift bond yields. May WTI settled near three-week highs before the weekend near $75.65 and opened today near $80. It reached almost $81.70 before stabilizing and is straddling the $80 area before the North American session. The high for the year was set in the…
OPEC+ Surprises while Manufacturing Remains Challenged OPEC+ Surprises while Manufacturing Remains Challenged Reviewed by Marc Chandler on April 03, 2023 Rating: 5
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Greenback Extends Recovery

February 06, 2023
Overview: The honeymoon for risk assets that began the year ended with a bang at the end of last week with the monster US jobs report and the rebound in the service ISM. Disappointing news from several large US tech companies provided extra encouragement. The yen's weakness helped Japanese stocks today, but the other larger bourses in the Asia…
Greenback Extends Recovery Greenback Extends Recovery Reviewed by Marc Chandler on February 06, 2023 Rating: 5
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What Happened Monday

September 05, 2022
The US and Canada may have been on holiday on September 5, but the world waits for no one and there were several significant developments. First, Gazprom's decision to indefinitely suspend gas shipments through the Nord Stream 1 pipeline announced before the weekend saw the European natgas benchmark soar 23.7. Recall that in the week ending Se…
What Happened Monday What Happened Monday Reviewed by Marc Chandler on September 05, 2022 Rating: 5
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Aussie Hit with Profit-Taking after RBA Hikes 50 bp

August 02, 2022
Overview: Speaker Pelosi's visit to Taiwan has added to the risk-off mood of the capital markets today. Most of the large Asia Pacific equities sold off, with Australia and India being notable exceptions. Europe's Stoxx 600 is off for the second consecutive session, and by the most (~0.60%) since mid-July. US futures are also weaker. Bench…
Aussie Hit with Profit-Taking after RBA Hikes 50 bp Aussie Hit with Profit-Taking after RBA Hikes 50 bp Reviewed by Marc Chandler on August 02, 2022 Rating: 5
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Delta Variant Saps Risk Taking Appetites, Sending the Greenback Higher even as Rates Fall Delta Variant Saps Risk Taking Appetites, Sending the Greenback Higher even as Rates Fall Reviewed by Marc Chandler on July 19, 2021 Rating: 5
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Markets Unsettled, Dollar Rides High

March 05, 2021
Overview: The combination of OPEC+ decision not to boost output next month and Fed Chair Powell's seemingly lack of concern about the level of long-term rates pushed on a door that was already open.  Oil is higher, yields are higher, most equity markets are lower, and the dollar has surged.  The S&P 500 is practically flat for the year aft…
Markets Unsettled, Dollar Rides High Markets Unsettled, Dollar Rides High Reviewed by Marc Chandler on March 05, 2021 Rating: 5
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No Follow-Through After Month-End Adjustments

December 01, 2020
Overview:  The near-record rallies seen in the major equity markets in November may have contributed to the month-end drama yesterday.  There has been no follow-through activity.   Stocks bounced back, and the US dollar is heavy, with few exceptions.  In the Asia Pacific region, all the markets are higher, and most rose by more than 1%.  The Europ…
No Follow-Through After Month-End Adjustments No Follow-Through After Month-End Adjustments Reviewed by Marc Chandler on December 01, 2020 Rating: 5
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