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On January 15, eurozone government bond yields continued to fall due to US CPI data. Michael Brown, senior research strategist at Pepperstone, said in a report that the US CPI report in December painted a complex picture of price pressures in the US economy. The CPI data are not particularly helpful for the broader discussion. Instead, they help to reiterate that underlying price pressures remain relatively stubborn and the path back to the 2% inflation target will be relatively turbulent.Airbus CEO: Production of 75 single-aisle aircraft per month is a "prudent level" and will be maintained at that level in the coming years.On January 15, the core CPI was lower than expected, rising 0.2% month-on-month in December, compared with expectations of 0.3%. The core CPI monthly rate fell after rising 0.3% for four consecutive months, which is the direction the Fed wants to see. After last weeks strong December employment report, investors are more worried that economic momentum may prevent the Fed from further cutting interest rates throughout the year. Now, the Fed is generally inclined to at least further cut interest rates. Traders are now betting that the Fed has less than a one-fifth chance of not cutting interest rates at all in 2025, lower than the one-quarter before the CPI.On January 15th, local time on the 15th, Venezuelan Foreign Minister Hill announced on social media that the Venezuelan embassy in Oslo, Norway was invaded and damaged that day. He urged the Norwegian side to immediately find the person responsible for the incident.Citigroup (CN) CFO: Strong investment banking activity is expected in 2025.

Weekly Crude Oil Price Prediction - Crude Oil Markets Continue to Fall

Alina Haynes

Aug 08, 2022 12:09

 截屏2022-08-05 下午4.50.14_1024x576.png

 

The West Texas Intermediate Crude Oil price has dropped below the $90 barrier for the second consecutive week. With this in mind, the market appears to be poised for a significant decline. If the price breaks below the bottom of the candlestick, there is the potential for a decline to the $80 level. Granted, this is a very noisy market, but it appears that the pessimism persists. Consequently, I believe we have a situation where we must view this through the lens of a lack of demand, as global markets will begin pricing in a significant downturn. That decreases demand.

 

Brent prices were also quite volatile, falling through the 50 Week Exponential Moving Average. If the price breaks below the bottom of the candlestick, a decline below the $90 level becomes possible. In such a scenario, the market could collapse to $80 in the near future. We just broke through a major trend line, and this negative development has now been reinforced.

 

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Despite the fact that OPEC scarcely increased supply, prices continued to decrease anyway. As a result, you must pay close attention to the markets and what they are attempting to tell you at this time because this demonstrates the level of concern surrounding the man. More often than not, rallies will be sold into, and a collapse below the $90 level could unleash significant selling pressure.

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