A few weeks ago, at the beginning of January, when crude oil was finally rebounding from the $57.5–$60 area, we highlighted the importance of the $66 level—a threshold that had acted as a floor since 2022 and had been broken to the downside only last April. Admittedly, according to OPEC and EIA data, the world […]
Today is a public holiday in both the United States and Canada, and markets in China will remain closed for the entire week. The macroeconomic calendar is light, aside from the already released and disappointing Japanese GDP data. More broadly, markets are reopening in a subdued and lethargic tone following the weekend. Against this backdrop, […]
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