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• Saudi Arabia has raised its main oil prices for buyers in Asia, well above expectations
  Mixed news out of Saudi Arabia, info comes via Bloomberg citing a pricing list they've seen:Saudi Aramco raised the official selling price of its key Arab Light crude to Asia by 90 cents, bringing it to a $2.20 per barrel premium over the regional benchmarkvs. expected 65 cents / bblcut the price of all grades […]
• China house sales rose over the holiday period - property sector recovery?
  China began its week-long National Day holiday on Tuesday October 1.In the week leading up to the holiday beginning Chinese authorities announced an array of economic stimulus measures. SOme of the measures were aimed specifically at the property sector, such as:reductions in down-payment ratiosreductions in mortgage ratesan easing in property buying restrictionsChina's state broadcaster CCTV […]
• Forexlive Americas FX news wrap: US jobs report is strong. USD, yields and stocks rise
  WSJs Timiraos: A solid September payroll takes a lot of November Fed meetingUS major indices close the day higher helped by strong jobsWhite House economic advisor Brainerd expects impact on employment from hurricane HeleneOil prices move lower after present Biden says he woul not support striking an oilfieldREUTERS: US military carries out strikes against multiple […]
• WSJs Timiraos: A solid September payroll takes a lot of November Fed meeting
  Wall Street Journal's Nick Timiraos is out with a tweet saying:A very solid September payroll report probably takes a lot of the drama out of the November Fed meeting Likely leaves officials on course for a 25 basis point cut.Looking at the probability of a 25 basis point cut, that is now at 99%, while […]
• US major indices close the day higher helped by strong jobs
  US stocks moved higher despite yields moving higher as US jobs showed strength and the striking dockworkers reached a tentative agreement averting a prolonged closure of key port'sA snapshot of the closing levels shows: Dow industrial average rose 341.16 points or 0.81% at 42352.75 S&P index rose 51.13 points or 0.90% at 5751.07 NASDAQ index […]
• USDJPY breaks higher this week and extends above the 38.2% of move down from July 3 high
  As the week comes to a close, the USDJPY is trading near the highs for the day and the week. The move to the upside today off the unexpected US jobs report, was able to take the price above a key swing area ceiling around the 147.33 level and also above the 38.2% retracement of […]
• The EURUSD had moved lower to the next target support, setting the levels for next week.
  As we head into the close, the EURUSD is trading near lows for the week. The strong US jobs data today helped to push the pair below a swing area between 1.1001 and 1.1014, and also the 50% midpoint of the move up from the August 1 low at 1.0995. That area will now be […]
• White House economic advisor Brainerd expects impact on employment from hurricane Helene
  White House economic advisor anticipates that the hurricane aniline impact will be felt in the employment statistics for that month, and continue to expect that in the US, will continue to see low gas prices.According to AAA:National average for a gallon of gas fell by three cents to $3.19 despite challenges like Hurricane Helene and […]
• Oil prices move lower after present Biden says he woul not support striking an oilfield
  Crude price have moved lower after Pres. Biden said that he would think about other alternatives to striking Iranian oil fields. The high price of oil reached $75.53. It is currently trading at $74.22. That's still up around $0.50 on the day.Crude oil is now settling the day up $0.67 or 0.91% at $74.38.For the […]
• REUTERS: US military carries out strikes against multiple Houthi targets in Yemen
  Geopolitics in the middle east:US military carries out strikes against multiple Houthi targets in YemenFrom US Pres. BidenHE would think about alternatives to striking oil fieldsIsraelis have not concluded about what they are going to do about Iran's strikeUS and Israeli teams are constantly in contactNot going to make a decision immediately, and will wait […]