Natural Gas, WTI Oil, Brent Oil Forecasts – Energy Markets Stall Below Key Averages.Brent, WTI, and Natural Gas post mixed moves as traders weigh supply risks, weak U.S. demand, and IEA forecasts. See why the outlook stays bearish.
Scotiabank US Dollar to Yen Forecast: USD/JPY Slide to 135-140 Realistic.The Japanese yen has not been able to make progress in global markets with the US Dollar to yen (USD/JPY) exchange rate trading just below 148.0 despite underlying dollar vulnerability. Scotiabank considers that USD/JPY is poised for a sharp decline as the exchange rate catches up with yield spreads.
Dollar Forecast: Three Fed Cuts Now Priced as Jobless Claims Hit 4-Year High.The US dollar slipped in volatile trading this week as markets priced in three Federal Reserve rate cuts by year-end after jobless claims surged to a near four-year high. The labour-market shock has overshadowed stubborn US inflation at 2.9% and kept EUR/USD near seven-week highs around 1.17.
Week Ahead: Federal Reserve and Bank of Canada to Cut, while BOJ and BOE Stand Pat.The week ahead features five G10 central bank meetings. Two will most likely cut rates, the US and Canada, and two will stand pat, the Bank of England and the Bank of Japan.
Natural Gas Price Forecast: Tests 20-Day Support, Bears Eye Breakdown.Natural gas tested support near $2.90 for a second day, holding at the 20-Day average and Fibonacci levels. A breakdown risks a deeper pullback into the descending channel.