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<ul><li><a href="https://www.forexlive.com/news/us-november-non-farm-payrolls-199k-vs-180k-expected-20231208/">US November non-farm payrolls +199K vs +180K expected</a></li><li><a href="https://www.forexlive.com/news/us-december-umich-consumer-sentiment-694-vs-620-expected-20231208/">US

<p>Sentiment in oil might finally be so washed out that it's safe to wade in.</p><p>The US announced another 3 million barrels of purchases to refill the SPR today and that's a modest positive catalyst as the White House is able to refill it at prices below what they paid. I'd argue that's just more inventory [

<p>The price of WTI crude oil futures are settling the week at $71.23. That's up $1.89 or 2.73%. Monday, Tuesday and Wednesday saw the price tumble from Friday's close of $74.07 to a low-price reached yesterday (before rebounding) at $68.80. The rebound today retraced some of the declines. However, for the week, the price is [&helli

<p>The USDCHF has moved higher this week. The low was reached on Monday. The high was reached in trading today. At session highs, the price reached the low of a swing area on the daily chart between 0.88167 and 0.8838. In trading next week, if the buyers are to take more control they would need […]

<p>The November jobs report showed there is still some sizzle left in the labour market, CIBC notes after today's release.</p><p>The data showed 199K jobs added, better than 180K. The unemployment rate also fell to 3.7% from 3.9% in a surprise.</p><blockquote>Today’s report will raise some eyebrows in the FOMC and

<p>I don't think there's any kind of appetite for a 'boots on the ground' kind of attack on the Houthis from the US but America is always happy to supply the bombs.</p><p>More destabilization in the Middle East would be a small tailwind for gold and oil. If Yemen proves it can truly disrupt oil shipping, [&hell

<ul><li>Oil rigs at 503 vs 505 prior</li><li>Gas rigs +3</li></ul><p>Rigs began to fall in late-May so if you assume a six-month lag to production, that should start to show up very soon in US figures. The market isn't sensing that though as longer laterals and better efficiency offset less drilling. T

<p>The USDCAD has recently reached a new daily high, but the price movement has been notably volatile, fluctuating between gains and losses. This inconsistency in the market's direction forms the backdrop of current trading conditions.</p><p>On a positive note, today's low, which occurred during the New York session, man

<p>The major US stock indices have turned back into negative territory after extending higher after the favorable inflation and growth numbers from the University of Michigan sentiment survey.</p><p>For the </p><ul><li>Dow Industrial Average it traded as high asup 144.6 points. It is currently trading down 10 poi

<p>This is some tough price action to make sense of, let alone make money with.</p><p>It's been back-and-forth nonstop today since non-farm payrolls. The dollar rallied initially, which is what you would expect on falling unemployment. But it quickly gave it all back, then rallied again. Wash, rinse, repeat.</p><p>