Farewell Angie, Hello Olaf! The SPD leader Olaf Scholz is in pole position to become the next Chancellor of Germany after the Phoenix-like resurrection of his party from the electoral wilderness. This is thanks to his appeal as the least worst option after the Chancellor Candidates of the other two largest parties spectacularly imploded over […]

Economic Data: inflation in the US, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged higher to 2.3% on a yearly basis in October from 2.1% in September, the US Bureau of Economic Analysis (BEA) reported on Wednesday.

This week’s key economic events span multiple days, focusing on inflation, consumer sentiment, and economic growth. On Monday, New Zealand Retail Sales QoQ is expected to show modest growth, supported by stable consumer spending.

On Monday, 23 June, the UK Composite PMI Flash (June) will be released at 08:30 GMT, followed by the U.S. Composite PMI Flash (June) at 13:45 GMT.

Several factors could push oil towards $100 per barrel as the markets look to sustain momentum. In natural gas, we can see a supply/demand deficit supporting prices. Oil trading Despite the Saudi price cut for the Asian market, oil started the week fairly strongly. Prices stabilised and have continued to hold ground at key resistance […]