OPEC+ meet today, consensus expectations are for no change to output policy despite the very strong price rise:
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Oil still heading higher
Oil still heading higher
- Oil futures have rocketed and as I post are on their highs
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- In-line CPI report leads to a blockbuster day for US stock markets
- US stocks open higher led by the NASDAQ index
- USD/JPY sent for a spin but now moving higher as BOJ rate hike odds fade
- Brazil's central bank hikes rate to 12.25% (from 11.25% and vs. 12% expected)
- USD/JPY looks to US CPI report to potentially break ping pong range
- BOJ reportedly erring towards keeping interest rates unchanged next week
- USD/JPY back above 153.00
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