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That's the view from RBC on the oil price drop. Global head of commodity strategy at RBC Capital Markets spoke with CNBC on Thursday: “I think OPEC is a different OPEC than in 2015. ... I would anticipate, if we continue to see selling pressure over the next few days,...

Analysts at JP Morgan raised their economic growth forecasts for China citing policy moves and improving economic signals. revised up the full-year growth forecast to 5.0% for 2023 (previously: 4.8%) and 4.4% for 2024 (previously: 4.2%) JPM are optmisistic on more...

Troubled Chinese property developer (aren't they all?) Sunac has had some good news, a bit of a breakthrough on its debt restructuring. ICYMI: A court approved a $10bn restructure plan agreed with creditors Sunac will issue new notes and convertible bonds to creditors...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Markets:Gold down $1 to $1819WTI crude oil down $1.78 to $82.44US 10-year yields down 2.1 bps to 4.71%S&P 500 down 5 points to 4258NZD leads, USD lagsUS trade balance and initial jobless claims data points were both stronger than expected and that cause some...

The major indices are closing it fractionally lower. For the week, the Dow and S&P are lower, the NASDAQ is unchanged versus last week's closing level with one day to go. That one day is US jobs data which will be a major influence for the markets tomorrow. I...

It's a bit of a quiet one on the calendar ahead. Asia FX will likely sit on its hands awaiting the US jobs report later:This snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are GMT.The numbers in the right-most...

The tumultuous relationship between the SEC and Elon Musk continues as they sue him over his 2022 stock purchases of Twitter, according to a report. I'm not sure what the problem is here, but Bill Ackman paid a $290m settlement doing something similar with Valeant so...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

We're rapidly heading towards heating season in North America and that means the weather is in focus again. The latest forecasts are for a cool second-half of October and that's helped to lift front-month natural gas above $3 for the first time since March.natural...

It's tempting to read today's price action in FX as a reflection of the thinning of a crowded trade in US dollars. Yes, bond yields are lower by 2 bps but that's hardly a decisive catalyst. Oil is more convincing as another $2 decline combined with narrowed gasoline...

Nonfarm payrollsCould this be a miss? Let's look at the numbers:Consensus estimate +170K (range +90-+256K)Private +160KAugust +187KUnemployment rate consensus estimate: 3.7% vs 3.8% priorParticipation rate consensus 62.8% priorPrior underemployment U6 prior 7.1%Avg...

IMF's Georgieva weighs in on global economic trends. Like the Fed sees rates higher for longer. Current pace of global growth remains quite weak.Global growth is well below 3.8 pre-pandemic averageStronger demand for services, progress on inflation boosted chances for...