Market Analysis

Oil prices await the outcome of the OPEC+ decision while trying to get a handle on the Biden administration infrastructure plan, along with strong data from China that could increase oil demand expectations.
With a melting pot of narratives, this quarter brought a lot of chop, but at the end of the day, the trend is higher, the fundamentals are supportive, and there’s no reason to believe either will dissipate, at least not through April.
Each day Ira Epstein gets you up to speed on what happened in the metals futures markets. Ira focuses on relevant economic and geopolitical topics that affect the precious and base metals markets.
The guidance formalizes previously-hinted-at views that crypto trading on exchanges is seen as more akin to derivatives and focuses on the nature of settlement vs. the nature of the traded asset.
The market awaits the OPEC+ decision that, at this point, looks like a foregone conclusion as it celebrates the reopening of the Suez Canal. Oil is retreating, as the market is looking at the reopening of the Suez Canal as some type of watershed bearish event.
With Europeans in lockdown and the U.S. seeing a successful vaccine rollout, there’s a tailwind to both the U.S. Dollar and Treasury rates. The latter adds strength to the former.
Each day Ira Epstein gets you up to speed on what happened in the metals futures markets. Ira focuses on relevant economic and geopolitical topics that affect the precious and base metals markets.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
BTC has been trading in a range between USD 50,000 and 60,000 since making record highs of USD 61,800 on March 13. Particular metrics, such as exchange balances of BTC, have remained in consistent patterns. We highlight some notable data points through this rally and consolidation.
Reports that the ship had been refloated and freed caused a drop in oil, but prices soon bounced back up as a larger reality sunk in. The truth is that oil and LNG product supplies will be delayed, and that won’t help a market that’s on track to be undersupplied this summer as more Covid-19 vaccinations inspire more demand.