OPEC sees oil outlook for first half of 2021 full of downside risks

2/2 © Reuters. OPEC Secretary General Barkindo delivers his speech in Vienna 2/2 By Vladimir Soldatkin and Alex Lawler MOSCOW/LONDON (Reuters) – OPEC sees plenty of downside risks for oil markets in the first half of 2021, its secretary general said on Sunday, a day before meeting allies led by Russia to discuss output levels […]

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Bears in SPX Still Struggle to Make Downside a Base Case

US stock futures declined on Wednesday, followed by European indices, promising a tough day for those who are betting on extension of Wednesday bounce. S&P 500 futures slipped below 3400 points, but moderate selling indicates that the acute phase of the correction had passed and a period of “healthy” consolidation in the 3250-3400 range is […]

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BoA see downside risk for the euro over the rest of 2020

I posted earlier on GS who see the USD downtrend remaining: BoA are on the other side. “Following the strong EURUSD rally during the summer, which was mostly a USD sell-off, we see downside EURUSD risks for the remaining of the year, mostly driven by a USD correction higher” Citing: weakening global risk sentiment to […]

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Review of the Fed Policy Meeting: More Downside Risks for USD?

The Fed left policy parameters unchanged on yesterday meeting but reiterated “whatever it takes” mantra to bring activity back to pre-crisis levels. We know from the post-GFC Central banks’ response that this is typical post-crisis wording which usually leads to depreciation of national currency. In addition, it usually precedes some important policy shifts or announcements […]

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